OpenSea’s New Year bull run began to slow down in the past two months. Many nonfungible token (NFT), pundits speculated about the start of a bearish market after sales began to trend downwards following January’s record-breaking volume sales total of $5 billion.

But, in just seven days the sales volume for NFT has exceeded $1 billion. And, only a week into April it appears that NFT markets have begun to notice a rise in high-quality projects. Cue the “spring awakening.”