Prices are plummeting, and some holders might not even know it If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the…
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The second-ever nonfungible collectibles project on Ethereum sees new life As the profusion of new algorithmically-generated nonfungible token projects drives down the premium on digital rarity, digital history and being among the “firsts” has become a more reliable source of value. As a result, long-forgotten projects are being unearthed by on-chain sleuths, and yesterday they…
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NFTs are pumping right now, with a new report identifying more NFT sales in the last 24 hours than during the entirety of 2020. Canadian-based analytics company NonFungible has released a report predicting that 2021 is poised for “a new Bull Market in the NFT industry.” Although NFTs have been around since ERC-721 was invented…
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From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes. Non-fungible token sales are booming and top marketplaces are seeing record volume levels. The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam. CryptoSlam also reported that a…
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