{"id":324775,"date":"2023-05-13T14:24:15","date_gmt":"2023-05-13T13:24:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=324775"},"modified":"2023-05-13T14:28:57","modified_gmt":"2023-05-13T13:28:57","slug":"april-monthly-nft-report-navigating-the-volatile-nft-market","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/","title":{"rendered":"April Monthly NFT Report:  Navigating the volatile NFT market"},"content":{"rendered":"<p><span data-raw-html=\"span\">Last month, the NFT market saw a spike in trading volume on April 5th, followed by a significant 50% drop by the end of the month. The number of NFT sellers exceeds the number of buyers, indicating a potential oversupply in the market.<\/span><\/p>\n<p><span data-raw-html=\"span\">As these markets evolve and grow, investors and traders must stay abreast of the latest developments and trends. By examining the key factors driving the cryptocurrency and NFT markets, we can better understand the opportunities and risks associated with these emerging trends.<\/span><\/p>\n<p><span data-raw-html=\"span\">Data from this report was obtained from Footprint's NFT research page. An easy-to-use dashboard containing the most vital stats and metrics to understand the NFT industry, updated in real-time, you can find all the latest about trades, projects, fundings, and more by clicking <\/span><a href=\"https:\/\/www.footprint.network\/research\/nft\/\"><span data-raw-html=\"span\">here<\/span><\/a><span data-raw-html=\"span\">.<\/span><\/p>\n<h2><span data-raw-html=\"span\">Key Findings<\/span><\/h2>\n<h3><span data-raw-html=\"span\">Crypto Macro Overview<\/span><\/h3>\n<ul>\n<li><span data-raw-html=\"span\">The cryptocurrency market experienced ups and downs in April, with Bitcoin rising to $30,506 and Ethereum breaking through $2,100 on positive economic data.<\/span><\/li>\n<li><span data-raw-html=\"span\">Despite some volatility, the cryptocurrency market stabilized towards the end of April, with Bitcoin pushing back towards $30,000 and positive sentiment prevailing.<\/span><\/li>\n<\/ul>\n<h3><span data-raw-html=\"span\">NFT Market Overview<\/span><\/h3>\n<ul>\n<li><span data-raw-html=\"span\">The NFT market saw a spike in trading volume on April 5th but experienced a significant 50% drop by the end of the month.<\/span><\/li>\n<li><span data-raw-html=\"span\">The number of NFT sellers exceeds the number of buyers, indicating a potential oversupply in the market.<\/span><\/li>\n<\/ul>\n<h3><span data-raw-html=\"span\">Chains & Marketplaces for NFTs\u00a0<\/span><\/h3>\n<ul>\n<li><span data-raw-html=\"span\">Ethereum dominates the NFT market volume, but network congestion and fees may drive users to alternatives such as Polygon.<\/span><\/li>\n<li><span data-raw-html=\"span\">Blur and OpenSea cater to high-end and retail traders, but both encroach on each other's territory and may integrate.<\/span><\/li>\n<\/ul>\n<h3><span data-raw-html=\"span\">NFT Investment & Funding<\/span><\/h3>\n<ul>\n<li><span data-raw-html=\"span\">Despite a slight increase in the number of NFT projects, the decrease in funding indicates investors\u2019 caution about investing.<\/span><\/li>\n<li><span data-raw-html=\"span\">Platform building and scalability solutions are essential for NFTs, as demonstrated by Flow's $3 million seed funding of its NFT marketplace.<\/span><\/li>\n<\/ul>\n<h2><span data-raw-html=\"span\">Hot Topics of the Month<\/span><\/h2>\n<ul>\n<li><span data-raw-html=\"span\">Integrating AI and NFT technology emphasizes the importance of NFT provenance for copyright protection and the value of human creativity in artistic expression to strike a balance for sustainable development.<\/span><\/li>\n<\/ul>\n<h3><span data-raw-html=\"span\">Crypto Macro Overview<\/span><\/h3>\n<p><span data-raw-html=\"span\">In April, the cryptocurrency market experienced some ups and downs. On April 14th, most cryptocurrencies traded higher due to better-than-expected U.S. economic data, with Bitcoin rising to $30,506, while ETH broke through $2,100 on April 16th.<\/span><\/p>\n<figure style=\"width: 907px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/225110a1-44f1-421c-a4a9-220d27db0d9a.png\" alt=\"BTC Price & ETH Price\" width=\"907\" height=\"472\" \/><figcaption class=\"wp-caption-text\">BTC Price & ETH Price<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">On the macro front, official inflation rose to 5% in March, slightly below the consensus of 5.1%. However, investor focus has shifted to potential recessionary risks after the banking crisis exposed the fragility of the market's financial system. Recent data also points to a macroeconomic slowdown, as the ISM Purchasing Managers' Index fell to its lowest since May 2020.<\/span><\/p>\n<p><span data-raw-html=\"span\">Despite the volatility, bitcoin pushed back to 30,000 in late April, with positive sentiment across the crypto market.<\/span><\/p>\n<h3><span data-raw-html=\"span\">NFT Market Overview<\/span><\/h3>\n<p><span data-raw-html=\"span\">The NFT market attracted much attention at the beginning of 2021 as numerous projects launched their own NFT collections. However, the NFT market has shown signs of weakness this year.<\/span><\/p>\n<figure style=\"width: 759px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/ac5aec87-7176-476c-bc64-c1f5ad04eb34.png\" alt=\"Daily Trades by Chain\" width=\"759\" height=\"413\" \/><figcaption class=\"wp-caption-text\">Daily Trades by Chain<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">According to <\/span><a href=\"https:\/\/www.footprint.network\/research\/nft\/nft-market\/chains-stats?series_date=past30days\"><span data-raw-html=\"span\">Footprint Analytics<\/span><\/a><span data-raw-html=\"span\">, the NFT market peaked in trading numbers on April 5, but daily trades had dropped by 50% by the end of the month. This decline in trading activity suggests a growing sense of caution among investors as the initial enthusiasm for the NFT market appears to be fading.<\/span><\/p>\n<figure style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/fe5d4056-59a9-48ba-821c-e8064896b287.png\" alt=\"Daily Buyers & Sellers\" width=\"858\" height=\"346\" \/><figcaption class=\"wp-caption-text\">Daily Buyers & Sellers<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">In addition, according to Footprint Analytics, the number of NFT sellers in the market continues to exceed the number of buyers, suggesting that there may be insufficient underlying demand.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">The initial hype around the NFT market was driven by the cryptocurrency market and celebrity endorsements, leading to a rush of people entering the market. However, the number of people who understand NFTs is relatively small, leading to oversupply. It remains to be seen whether the fundamentals of NFTs can eventually support market growth and open up new opportunities.<\/span><\/p>\n<h3><span data-raw-html=\"span\">Chains & Marketplaces for NFTs\u00a0<\/span><\/h3>\n<figure style=\"width: 1058px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/c834d799-033b-4ba8-a093-4e92b97623d2.png\" alt=\"Volume & Users Share by Chain\" width=\"1058\" height=\"425\" \/><figcaption class=\"wp-caption-text\">Volume & Users Share by Chain<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">According to <\/span><a href=\"https:\/\/www.footprint.network\/research\/nft\/nft-market\/market-overview?series_date=past90days\"><span data-raw-html=\"span\">Footprint Analytics<\/span><\/a><span data-raw-html=\"span\">, Ethereum holds the lion's share of NFT transaction volume, with a massive 96% market share. However, when it comes to active users, Ethereum only accounts for 44%, while Polygon's active user base is close behind at 37%.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">While Ethereum remains the platform of choice for most mainstream NFT projects, its network congestion and high transaction fees may drive some users to alternative platforms. As a result, Ethereum may face challenges in maintaining its dominant position in the NFT market.<\/span><\/p>\n<figure style=\"width: 1556px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/ddf19709-6fbf-46f0-8c5b-6625c7da7e57.png\" alt=\"Daily Trades by Chain\" width=\"1556\" height=\"411\" \/><figcaption class=\"wp-caption-text\">Daily Trades by Chain<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.footprint.network\/research\/nft\/nft-market\/chains-stats?series_date=past90days\"><span data-raw-html=\"span\">Polygon's daily trades<\/span><\/a><span data-raw-html=\"span\"> are catching up with Ethereum, with transaction volume not high. Still, the number of trades is comparable, indicating that it's more suitable for small traders due to lower barriers to entry. Polygon's low barriers to entry make it more suitable for small transactions and asset exchanges, meaning that its market may be more decentralized and multi-domain. However, gathering high-value and high-quality NFT projects and assets is also more difficult. Therefore, it takes longer to build a good ecosystem and accumulate assets.<\/span><\/p>\n<figure style=\"width: 812px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/6808a313-87a9-4277-90af-37e1cf6bd758.png\" alt=\"Monthly Value by Marketplace - Distribution\" width=\"812\" height=\"283\" \/><figcaption class=\"wp-caption-text\">Monthly Value by Marketplace &#8211; Distribution<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">From a <\/span><a href=\"https:\/\/www.footprint.network\/research\/nft\/nft-market\/marketplaces?series_date=past30days\"><span data-raw-html=\"span\">marketplace<\/span><\/a><span data-raw-html=\"span\"> perspective, Blur still has an absolute advantage regarding transaction volume. However, in terms of the number of transactions, OpenSea still has the upper hand. Blur's dominant position suggests it's more suitable for high-value assets and professional users with larger transaction sizes. On the other hand, OpenSea's transactions are looser and more dispersed, with smaller transaction sizes, making it more suitable for retail users and small daily transactions.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">Blur and OpenSea represent high-end and small traders, respectively. However, with the market's overall development, both are encroaching on each other's territory, and the competition is becoming more intense. The future trend may be further integrating high-end and small markets, creating a certain synergy effect. Continued monitoring of the performance of both platforms will be necessary to predict their future development.<\/span><\/p>\n<h3><span data-raw-html=\"span\">NFT Investment & Funding<\/span><\/h3>\n<figure style=\"width: 772px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/statichk.footprint.network\/article\/52110989-77a4-4c14-9112-4aca89afdea7.png\" alt=\"Monthly NFT Projects Fundraising Amount & Times\" width=\"772\" height=\"328\" \/><figcaption class=\"wp-caption-text\">Monthly NFT Projects Fundraising Amount & Times<\/figcaption><\/figure>\n<p><span data-raw-html=\"span\">While the number of NFT funding projects slightly increased from 8 to 11 compared to last month, the amount of funding has decreased, indicating a more cautious approach by investors.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">Many builders are working on the NFT marketplace. Flow, which secured $3 million in seed funding to build a rollup-centric NFT ecosystem, highlights the growing need for layer 2 and scalability solutions to address Ethereum network issues. Also, the entry of large companies such as Amazon into the NFT market is expected to increase market visibility and size but also increase industry risks.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">In addition, the music and entertainment industries are exploring NFT, as evidenced by Muverse and Daniel Allan Entertainment, which received funding this month, opening up new opportunities for NFT applications.<\/span><\/p>\n<h2><span data-raw-html=\"span\">Hot Topics of the Month<\/span><\/h2>\n<p><span data-raw-html=\"span\">As Chatgpt became famous, people started talking about integrating AI and NFT, as NFT is a great example of a creative economy in the crypto world.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/punk6529\/status\/1641429818901413891\"><span data-raw-html=\"span\">KOL 6529<\/span><\/a><span data-raw-html=\"span\"> provided a representative discussion on this topic. On the one hand, as the amount of AI-generated content increases, the importance of NFT provenance technology is further highlighted. NFT provenance can help distinguish the source and ownership of content and protect the copyright of content creators. <\/span><\/p>\n<p><span data-raw-html=\"span\">Conversely, the proliferation of AI-generated content makes original human content more valuable. The uniqueness of human creation is difficult to completely replace by AI, making original works more scarce and valuable. Therefore, the ability of creators to build their reputations is especially important in an era of digital content overload. Only by allowing more people to understand and recognize their work can creators stand out in the fierce competition for content.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">Commercial content creation is more easily replaced by AI, while artistic creation is difficult to replace. Commercial content is usually completed around a certain demand and can be efficiently generated by AI technology, making it more easily replaced by machines. In contrast, the value of artwork lies in the author's thoughts and emotional expression, which is difficult for AI to achieve and requires the unique perspective and creativity of human artists.<\/span><\/p>\n<p><span data-raw-html=\"span\">Although AI creation is increasing, human creativity remains irreplaceable in the form of artistic expression. Striking a balance between copyright protection, creative tools, and human expression is key to the sustainable development of NFT and encryption technologies.<\/span><\/p>\n<h3><span data-raw-html=\"span\">Closing Thoughts<\/span><\/h3>\n<p><span data-raw-html=\"span\">The world of NFTs is rapidly evolving, with new trends and developments emerging monthly. April was no exception, as the market for these digital assets experienced significant fluctuations and new developments. While the spike in trading volume at the beginning of the month followed a drop towards the end, the NFT market remains a dynamic and promising sector.<\/span><\/p>\n<p><span data-raw-html=\"span\">As the NFT market grows and matures, staying abreast of the latest trends and developments is important. By understanding the opportunities and risks associated with this emerging technology, investors and traders can make informed decisions and capitalize on the potential of NFTs.\u00a0<\/span><\/p>\n<p><span data-raw-html=\"span\">This piece is contributed by <\/span><a href=\"https:\/\/www.footprint.network\/\"><span data-raw-html=\"span\">Footprint Analytics<\/span><\/a><span data-raw-html=\"span\"> community,<\/span><\/p>\n<p><span data-raw-html=\"span\">We're thrilled to invite institutions and projects to build out your custom research pages <\/span><a href=\"https:\/\/www.footprint.network\/research\/nft\/\"><span data-raw-html=\"span\">like this<\/span><\/a><span data-raw-html=\"span\">. With our help, you can easily own your data website for research without any coding experience or technical input. Simply fill in <\/span><a href=\"https:\/\/forms.gle\/uHbvu91Ngr89bT1bA\"><span data-raw-html=\"span\">this form<\/span><\/a><span data-raw-html=\"span\"> to apply for the waitlist and get started today.<\/span><\/p>\n<p><span data-raw-html=\"span\">The Footprint Community is where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling blockchain world. Here you'll find active, diverse voices supporting each other and driving the community forward.<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.footprint.network\"><span data-raw-html=\"span\">Footprint Website<\/span><\/a><\/li>\n<li><a href=\"https:\/\/discord.gg\/3HYaR6USM7\"><span data-raw-html=\"span\">Discord<\/span><\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/Footprint_Data\"><span data-raw-html=\"span\">Twitter<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Last month, the NFT market saw a spike in trading volume on April 5th, followed by a significant 50% drop by the end of the month. The number of NFT sellers exceeds the number of buyers, indicating a potential oversupply in the market. As these markets evolve and grow, investors and traders must stay abreast [&hellip;]<\/p>\n","protected":false},"author":828,"featured_media":324776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76232],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>April Monthly NFT Report: Navigating the volatile NFT market<\/title>\n<meta name=\"description\" content=\"Explore the dynamics of April&#039;s NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"April Monthly NFT Report: Navigating the volatile NFT market\" \/>\n<meta property=\"og:description\" content=\"Explore the dynamics of April&#039;s NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/FootprintAnalytics\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-13T13:24:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-13T13:28:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/442-April-Monthly-NFT-Reporten.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Footprint Analytics\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Footprint Analytics\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Footprint Analytics\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/footprint-analytics\/#person\",\"name\":\"Footprint Analytics\",\"url\":\"https:\/\/cryptoslate.com\/author\/footprint-analytics\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/footprint-analytics\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/footprint-analytics\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-300x300.jpg\",\"caption\":\"Footprint Analytics\"},\"description\":\"Footprint Analytics provides API and visualization tools to uncover and visualize data across the blockchain, including NFT and GameFi data. It currently col...\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.footprint.network\",\"https:\/\/x.com\/Footprint_Data\",\"https:\/\/www.linkedin.com\/company\/footprintanalytics\"]},\"headline\":\"April Monthly NFT Report: Navigating the volatile NFT market\",\"datePublished\":\"2023-05-13T13:24:15+00:00\",\"dateModified\":\"2023-05-13T13:28:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\"},\"wordCount\":1612,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"NFTs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\",\"url\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\",\"name\":\"April Monthly NFT Report: Navigating the volatile NFT market\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-05-13T13:24:15+00:00\",\"dateModified\":\"2023-05-13T13:28:57+00:00\",\"description\":\"Explore the dynamics of April's NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"April Monthly NFT Report: Navigating the volatile NFT market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/e86bed8856d96913bcbe44d8c5d0549b\",\"name\":\"Footprint Analytics\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-150x150.jpg\",\"caption\":\"Footprint Analytics\"},\"description\":\"Footprint Analytics provides API and visualization tools to uncover and visualize data across the blockchain, including NFT and GameFi data. It currently collects, parses and cleans data from 20+ chains into structured and semantic tables. It lets users build charts and dashboards without code, using a drag-and-drop interface as well as with SQL.\",\"sameAs\":[\"https:\/\/www.footprint.network\/\",\"https:\/\/www.facebook.com\/FootprintAnalytics\",\"https:\/\/www.linkedin.com\/company\/footprintanalytics\/\",\"https:\/\/twitter.com\/Footprint Analytics\",\"https:\/\/www.youtube.com\/c\/FootprintAnalytics\"],\"url\":\"https:\/\/cryptoslate.com\/author\/footprint-analytics\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"April Monthly NFT Report: Navigating the volatile NFT market","description":"Explore the dynamics of April's NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/","og_locale":"en_US","og_type":"article","og_title":"April Monthly NFT Report: Navigating the volatile NFT market","og_description":"Explore the dynamics of April's NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.","og_url":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/","og_site_name":"CryptoSlate","article_author":"https:\/\/www.facebook.com\/FootprintAnalytics","article_published_time":"2023-05-13T13:24:15+00:00","article_modified_time":"2023-05-13T13:28:57+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/442-April-Monthly-NFT-Reporten.jpg","type":"image\/jpeg"}],"author":"Footprint Analytics","twitter_card":"summary_large_image","twitter_creator":"@Footprint Analytics","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Footprint Analytics","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/footprint-analytics\/#person","name":"Footprint Analytics","url":"https:\/\/cryptoslate.com\/author\/footprint-analytics\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/footprint-analytics\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/footprint-analytics\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-300x300.jpg","caption":"Footprint Analytics"},"description":"Footprint Analytics provides API and visualization tools to uncover and visualize data across the blockchain, including NFT and GameFi data. It currently col...","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.footprint.network","https:\/\/x.com\/Footprint_Data","https:\/\/www.linkedin.com\/company\/footprintanalytics"]},"headline":"April Monthly NFT Report: Navigating the volatile NFT market","datePublished":"2023-05-13T13:24:15+00:00","dateModified":"2023-05-13T13:28:57+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/"},"wordCount":1612,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["NFTs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/","url":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/","name":"April Monthly NFT Report: Navigating the volatile NFT market","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2023-05-13T13:24:15+00:00","dateModified":"2023-05-13T13:28:57+00:00","description":"Explore the dynamics of April's NFT market, witnessing a 50% drop in trading volume and an oversupply of sellers.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/april-monthly-nft-report-navigating-the-volatile-nft-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"April Monthly NFT Report: Navigating the volatile NFT market"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/e86bed8856d96913bcbe44d8c5d0549b","name":"Footprint Analytics","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/footprint-logo-150x150.jpg","caption":"Footprint Analytics"},"description":"Footprint Analytics provides API and visualization tools to uncover and visualize data across the blockchain, including NFT and GameFi data. It currently collects, parses and cleans data from 20+ chains into structured and semantic tables. It lets users build charts and dashboards without code, using a drag-and-drop interface as well as with SQL.","sameAs":["https:\/\/www.footprint.network\/","https:\/\/www.facebook.com\/FootprintAnalytics","https:\/\/www.linkedin.com\/company\/footprintanalytics\/","https:\/\/twitter.com\/Footprint Analytics","https:\/\/www.youtube.com\/c\/FootprintAnalytics"],"url":"https:\/\/cryptoslate.com\/author\/footprint-analytics\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/324775"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/828"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=324775"}],"version-history":[{"count":4,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/324775\/revisions"}],"predecessor-version":[{"id":325020,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/324775\/revisions\/325020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/324776"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=324775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=324775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=324775"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=324775"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=324775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}