Welcome Bonus: Sign Up & Get Up to $150 in BTC

Get Started

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.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

Even though the crypto market is fast-moving and often confusing, CryptoSlate Edge can help make sense of it for you. Edge is a yearly membership intended to help you become a more knowledgeable crypto investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles and Analysis

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

As an Edge member, you will access new articles first and be able to ask our journalists questions in our private Discord.

Access to All Innovative Projects and Curated Sectors

Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.

Enhanced Data In News Articles

See the TradingView price charts and IntoTheBlock sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews with Crypto Founders

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements for CryptoSlate Edge members.

Pay with Crypto ($228)