"Polygon Network Expects Strong Growth in NFT Market in 2023"
The Polygon network is anticipating a strong year in the non-fungible token (NFT) market in 2023, with various projects announcing their plans to join or remain on the network.
📢@govendible is launching the Ible City utility NFT series IV on Polygon!!💥
— Polygon Daily 💜 (@PolygonDaily) December 31, 2022
Ible City is a collection of 16,000 land plots in Vendible's virtual DAO & 7,000 have been sold out on #Algorand🔥
Let us give you a tour on this collection & get packed up for its upcoming launch👇 pic.twitter.com/JjM9GxJ7a8
The virtual DAO Vendible will launch its Ible City utility NFT series IV on Polygon, and the NFT collections and Aavegotchi have both announced their intention to join or remain on the network this year.
$MATIC 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Despite the bear market outlook for 2022, Polygon's NFT OpenSea Volume has achieved a new record in sales,reaching $324 million.This surpasses previous record set in 2021.
— WEB3 Market Insight 🇦🇺 (@iftikharpost) January 1, 2023
Now Imagine 2023 with #MagicEden #Phantom #y00ts on Polygon 👀🔥#Polygon #NFTs pic.twitter.com/NK785M5TD6
These developments follow Polygon's recent achievement of a new record in NFT sales on OpenSea, reaching $324 million. Data from Santiment also shows promising metrics for Polygon, including a spike in NFT trade count and volume in USD and an increase in active addresses and network growth. However, the token's MVRV ratio has declined, which may affect its price in the near future.