I have a theory as to why OpenSea really changed the default NFT price denomination from crypto to USD:
Because the NFT market is so dead rn, thereās no volume for NFTs & OpenSea
So how do you generate volume?
By showing the USD prices of NFTs instead of their crypto prices
That way, NFT mfers will see that despite NFTs being down, their jpegs are still actually worth thousands of bucksā¦
And thatās thousand of bucks they can get instantly when they sell in OpenSea
Voila! They just created new transactions which generates new tx fees for OpenSea
Genius, really

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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