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Nifty Newsletter: NFT Sales Surge to $129M, OpenSea Implements Layoffs, and Elon Musk Criticizes NFTs

Nifty Newsletter: NFT Sales Surge to $129M, OpenSea Implements Layoffs, and Elon Musk Criticizes NFTs

– NFT sales volume reached $129 million in November, with a significant increase in weekly sales.

– OpenSea, the leading NFT marketplace, laid off 50% of its staff in preparation for the launch of version 2.0.

– Elon Musk unintentionally made a case for Bitcoin Ordinals, highlighting their advantages over traditional NFTs.

– An investor in OpenSea marked down their stake in the platform by 90%, reducing its valuation to $1.4 billion.

– The Simpsons aired a segment roasting NFTs and the FOMO-driven market.

– The NFT space continues to evolve rapidly, with new developments and insights emerging regularly.

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