Q3 NFT Report Shows Non-Fungible Token Markets ‘Are in Phase of Dynamic, Unst...
Non-fungible token (NFT) assets have seen significant demand since the beginning of 2021 and third quarter statistics show that key indicators have continued to rise. Just recently nonfungible.com published its Q3 2021 NFT Quarterly Report which shows active wallets increased, the number of NFT buyers has risen, and the number of sellers has grown faster than the amount of buyers. NFT Action Spikes Higher in Q3 NFT market action in Q3 2021 broke previous recorded quarterly metrics as NFT demand continues into the last few months of the year. The web portal nonfungible.com’s....
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In 2021, the non-fungible token (NFT) ecosystem has grown massively and data shows during the last month, there have been 98,832 NFT sales across over 32,000 active wallets. Monthly statistics show $272 million in recorded NFT sales have taken place but a recent report shows the NFT market is starting to “cool off” as NFT volumes have dropped. Although, another study suggests the NFT market could double in size by the fall. Report Notes a ‘Cool Off’ Period in NFT Markets NFT’s have become a huge success in 2021 and the market continues to show people are....
PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works.
What is NFT? (Non-Fungible Token)
A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.
An NFT is a spreadsheet....
In the last few months the non-fungible token (NFT) art space has exploded and data shows that there’s been over 4.9 million sales worth well over $128 million to-date. This week I decided to create an Ethereum-based NFT leveraging the application rarible.com, in order to show our readers how to issue an NFT collectible or a series of rare pieces. Non-fungible tokens (NFT) are very popular right now and one particular NFT called “Block 21” shattered records at a public auction at Christie’s New York. The NFT sold for a world record fee of $131,250 at the prestigious....
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer.
U.K. Wants to Be ‘the Very Best Place’ to Start and Scale Crypto Companies
The British government unveiled several initiatives Monday as part of its plan to make the U.K. “a global cryptoasset technology hub.”
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A report has unveiled figures that confirm the bullish run of non-fungible token markets over the last year. Two analytical firms behind the studies stated that the NFT industry grew by 299% in 2020. Total Number of Active Wallets Rose by 97% According to the NFT Report 2020, published by L’Atelier BNP Paribas and Nonfungible.com, the NFT market tripled in size overall last year, and its total value rose to more than $250 million. The research document stated that the non-fungible token market could be considered the core asset class for the so-called “virtual economy.”....