Blue Chip and Metaverse NFTs propel growth of NFT Market, says Nansen report
Blue Chip NFT collections such as Azuki, Clone X and Doodles are leading the growth of the steady growth of a market that has traded over $17 billion. On Tuesday, blockchain data analytics platform Nansen released its quarterly report on the state of nonfungible tokens, or NFTs. The report highlighted the rapid growth of the NFT market over that of the cryptocurrency market year-to-date, and it predicts of an $80 million market cap by 2025. As Cointelegraph previously reported, Nansen recently released six NFT indexes weighted by market capitalization denominated in Ether (ETH): Nansen....
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Crypto research firm Nansen published a report shared with NewsBTC, on non-fungible tokens (NFTs) and their performance amid the persistent bearish trend across the industry. NFTs have been a hot sector since 2021 as they facilitated broader adoption of digital assets but have taken a toll as Bitcoin and other cryptocurrencies trend to the downside. Related Reading | Axie Infinity Sales Record A Massive Slump, Losing Over $120 Million According to Nansen, their NFT Blue Chip-10 and NFT 500 Indexes displayed strength last month. At that time, Bitcoin and larger cryptocurrencies were on....
Investors are quick to label high worth NFT collections as “blue-chips,” but what are the criteria for determining which project is worthy of the status? Blue-chip NFTs is a popular buzzword one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks that are considered to be the well-established extension of corporations known for their quality, reliability and financial stability. But, exactly what are blue chip NFTs and how are they identified? Nansen research analyst Louisa Choe, comments to Cointelegraph that....
The platform's newly-introduced NFT-500:ETH index reports a 68.5% growth for the top-500 Ethereum NFT’s since the beginning of the year, despite experiencing a corrective 28.8% decline over the course of the past 30-days. The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future of the ecosystem.Citing the profound impact of traditional financial indexes....
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result.
Nansen Puts 2021 in Review
Nansen, a blockchain analytics firm backed by Coinbase Ventures and a16z, has presented a report about the behavior and growth that decentralized finance and NFTs experienced in the last year. The....
Virtual events, land and financial services in the Metaverse will unlock a trillion-dollar deal that will drive the next NFT investing boom. Metaverses and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth in the NFT market. Projects like the Bored Apes, Crypto Punks, Azuki, Clone X and Doodles collections have steadily attracted collectors' interest in the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate of over 20,000% and a sales volume of approximately $17 billion.For an industry that once occupied a tiny....