NFT overview mid 2022 -- With so much interconnected to Bitcoin, the NFT market is neither stabilized nor on a trajectory of growth. Market matters drown out optimism of 3x gains in NFTs, so buyers hold or liquidate after prolonged drought. Trade washing is rampant on OpenSea with big collections like CryptoPunks, BAYCs and others. Despite posting higher volumes, gas fees demonstrate lack of demand or confidence in NFT markets like OpenSea and Magic Eden. Solana is in turmoil after more denial-of-service attack vectors that are open at 'any scale' according to one exec in crypto. Solana's days are numbered according to an analysis of its vulnerabilities: a hack can come any day now that could cripple the 2nd most used chain in NFT markets. OpenSea, meanwhile, has its own problems with several smart contract readers exposing yet another vulnerability on Twitter. We may yet see a big robbery on OpenSea as we sail into the latter half of 2022. #NFT #NFTmarkets #OpenSea #Ethereum #Solana #MagicEden #Bears #Hacks #SmartContracts #Twitter
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