- NFT experienced a slight growth rate in its sales.
- Ethereum-based NFT gaming projects increased price by more than 70%.
- DeGods and Y00ts migrating to Ethereum and Polygon, respectively.
In today’s world, most of the nations are moving toward the digital revolution; Non-Fungible Tokens (NFT) play a vital role in supporting artists and creators. At the start of 2023, there was a continuous growth of interest in users for NFTs and crypto assets. The leading liquidity protocol for NFTs NFTfi, reported that digital card holders are using their NFTs to borrow huge amounts of cryptocurrency.
In 2022, crypto users and investors faced the worst bear markets due to the sudden collapse of FTX, Terra, and Celsius Network. The crypto market is off to a good start at the start of 2023 with leading crypto assets Bitcoin and Ethereum. At press time, the global crypto market capitalization is $1.07 trillion, a 0.74% increase over the last day, according to CoinMarketCap.
Currently, the owners of NFT collections are borrowing against their NFTs. In 2021, NFT generated more than $25 billion through sales of art, music, and video games in the Metaverse. OpenSea remained the largest NFT marketplace by trading volume in Jan 2023 ($495 million). In 2022, Bored Ape Yacht Club completed $1.57 billion in sales. In January, Yuga Labs recorded 34.3% of transactions.
На крајот на 2022 година, Polygon доживеа огромна стапка на раст од 124%, зголемувајќи се на 46 милиони долари во обемот на тргување NFT. Лансирањето на НФТ на Доналд Трамп му помогна на блокчејнот Полигон. Секој NFT се продава по 99 долари. Изненадувачки, сите NFT беа распродадени како виршли во рок од еден ден.
Last week NFT experienced a slight growth rate in its sales with $232.49 million. Ethereum secured its top position with more than 81% of sales with $188.51 million. The recent announcement of Solana’s top NFT leading projects, DeGods and Y00ts, migrating to Ethereum and Polygon, respectively. It helped both ETH and Polygon platforms to attract more NFT creators. Last week Ethereum-based NFT gaming projects increased its price by more than 70%.
The most popular and successful NFT-based online game yet, Axie Infinity, a monster battlefield game based on the Ethereum mainnet, has recorded 2x profits after a long gap. Ronin, specially designed for Axie Infinity, surged in price from $0.26 to $0.74, more than a 184% increase at the start of the year.
На почетокот на годината, Axie Infinity се тргуваше за околу 6.11 долари. Во средината на јануари, цената се искачи на највисоко ниво од 13.92 долари. Во моментов, AXS се тргува со $10.85 (на прес-време), што е пад од 1.09% во последните 24 часа.
Ненси Џеј. Таа е исто така заинтригирана од блокчејн технологијата и нејзиното функционирање.
Source: https://www.thecoinrepublic.com/2023/02/07/nft-holders-are-using-digital-collections-to-lend-cryptocurrency/