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ETHE - Ethereum Futures React To NFT 'Jpeg Economy'
Grayscale Ethereum Trust (ETH) - Units
The "jpeg economy" is now the size of small countries (well, Jordan & Turkmenistan), as #1 NFT platform OpenSea is reporting $3.55B in marketplace sales over the last 30 days.
The velocity of digital assets has always been much higher than in traditional finance.
As Ethereum fully transitions to proof-of-stake in 2022, an increasing proportion of ETH market participants may feel that friction.