Crypto Twitter nonfungible token (NFT) influencers have been relatively quiet over the past two weeks as trading volumes on OpenSea dropped to a three-month low and analysts critical of the emerging sector say a bear market is at hand. While overall sale volumes do pale in comparison to previous months, certain projects have seen a significant surge in the last week.Data from … [Read more...] about OpenSea volumes go bananas as collectors pile back into Bored Ape Yacht Club NFTs
Collectors
85% of DeFi users are riding the NFT wave, with US collectors leading the front
Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021.The company’s blockchain user behavior report revealed that 85% of DappRadar’s decentralized finance (DeFi) … [Read more...] about 85% of DeFi users are riding the NFT wave, with US collectors leading the front
How NFTs are creating a patronage economy for creators and collectors
It’s the latest craze – being able to tokenize an artwork that anyone can sell online securely.If you are still unaware of NFTs, it is an advancement of distributed ledger technology that represents a unique item. This item can be digital or physical, like a painting, plain ticket, real-estate property, in-game item, digital artwork, etc.Since NFTs are connected to a … [Read more...] about How NFTs are creating a patronage economy for creators and collectors