OpenSea Executive Says “More Retail Deals” Entering The NFT Space

cryptonews.com:

Non-fungible token (NFT) sales were down last month, yet the NFT sector continues to thrive according to Kelly DiGregorio, Vice President of Business Development at OpenSea.

NFT data tracker CryptoSlam showed that NFTs had a global sales volume of $624 million last month . NFTs had a volume of over $1 billion in April, therefore demonstrating a 54% drop in overall NFT sales volume.

While this may be, DiGregorio told Cryptonews during Consensus 2024 that the NFT sector is attracting retail interest.

“What you’re seeing in the space is actually more retail deals,” said DiGregorio.

“Look at for example, Pudgy Penguins, and what they are doing with Walmart and Target.”

The Ethereum NFT project known as “Pudgy Penguins” recently announced that its line of “Pudgy Toys” is available at retailers like Target, Walmart, and Amazon. The company has now sold over one million units since its toys became available .

Over 1,000,000 toys sold in the last 12 months as @pudgypenguins continues it's expansion in retailers all over the world.

Who would've thought that the Consumer Crypto revolution was going to be lead by fat flightless birds. pic.twitter.com/E8jmSICwlt

— Luca Netz