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Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales

Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales

Does all of the money spent on NFTs actually stay in the market or is dumped on unsuspecting investors causing price fluctuations?

Here’s what happens to Ethereum (ETH) revenue after multimillion NFT sales

Cover art/illustration via CryptoSlate

The latest research from crypto analytics company Nansen analyzed the flow of ether (ETH) that has come into the NFT market to determine whether it had any effect on ETH’s price.

Nansen’s report analyzed both the primary and the secondary market for NFTs, following where the money projects receive from NFT sales goes.

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