Deciphering the Metaverse: The symbiosis between AI and NFTs

Examining the overall NFT market, one of the prevailing trends has been the emergence of a more fragmented multi-chain universe, in which Ethereum no longer single-handedly controls the narrative. 

Despite Ethereum’s continued dominance, with an NFT trading volume share of 77.2% as of this writing, Solana-based marketplaces have increasingly been absorbing trading volume and certainly aim to supersede the incumbent, consolidating their position as Ethereum’s heir apparent by boosting their trading volume share from 5.2% to 22.4% over the last month. While the share of Tezos-based NFT marketplaces remained flat at 0.4%, the Solana NFT community has been chipping away solidly at Ethereum’s hitherto undisputed lead.