With a market value exceeding US$200 million, some NFT markets will achieve significant growth in 2021 – Blockchain Bitcoin News

With a market value exceeding US$200 million, some NFT markets will achieve significant growth in 2021 – Blockchain Bitcoin News


Although the value of the non-fungible token (NFT) economy has exploded, another area of ??the NFT industry called segmentation has seen tremendous growth. Many projects today are dealing with partial NFTs. These NFTs basically cut NFT assets into many parts and share them among the community of holders. According to statistics on Sunday, the total market value of some NFTs is approximately US$212.6 million.

Decentralized NFT market inflation

With the digital collection market reaching tens of millions in sales every 7 days, non-fungible tokens (NFTs) have become a billion-dollar industry.The leading NFT market Opensea sees $48362 million Weekly sales last week, and historical sales of 13 billion U.S. dollars. The 7-day indicator shows that Axie Infinity sold $89.83 million worth of NFT last week and sold $3.79 billion so far this year. Another growing area in the NFT industry is fragmented NFTs, which are tokens that are cut into tradable fragments.

With the demand for blockchain-based non-fungible token (NFT) assets, the countless specific NFTs sold at high prices in 2021 have been subdivided into smaller parts so that more people can own collectibles. Usually, these NFT pieces are also traded, and the market value of each piece may fluctuate.

NFT is divided into smaller parts, and it is believed that it lowers the barrier to entry into a very expensive NFT collectibles market.Fractionated NFT has existed since the early days. A classic example is the infamous Lord Keck 2016 Rare Pepe Trading Card Collection series. Lord Kaika is one of the few rare Pepe trading cards that can be divided, and only ten Lord Kaikas have been issued. Although there are only 8 LORDKEKs in existence today, many people have a LORDKEK card worth 0.00042069.

Bitcoin.com news goes further written Regarding the fractional NFT platform, such as Otis, CIS, Fraction, and DaofiIn addition, the number Other NFT projects Has been subdivided and it was reported last week that Amazon has support A fractional NFT project built on the Wax blockchain, called DibbsAccording to dappradar.com statistics on Sunday, December 12, some NFT markets are worth hundreds of millions of dollars.

The market value of subdivided NFT exceeds 200 million U.S. dollars

In fact, the indicator shows that the current market value is USD 212,666,688 On Sunday, it consists entirely of part of the NFT collection. The largest market valuation belongs to Doge NFT (DOG), which is USD 130.14 million, accounting for 61.32% of the total market value of USD 212.6 million.

The second largest market valuation of fragmented NFTs is Etherrock #72 (PEBBLE), which has a market value of approximately US$22.73 million. The overall market value of Feisty Doge NFT (NFD) today is approximately US$18.29 million, and the market value of Ladypunk (LADY) is US$7.67 million.

On Sunday, December 12, 2021, dappradar.com’s indicators show that the total market value of subdivided NFTs is approximately US$212.6 million.

The dissected Meebit NFT (DSMB) has a market value of US$4.3 million, making it the fifth largest valuation of sub-NFTs. Other top NFT competitors include Ape Punk ($3.13 million), Antique Zombie Shards ($3.06 million), BAYC History ($1.36 million), R64X.com ($1.2 million) and the My Alpha ranking ($1.18 million).

Although the fractional NFT DOG has approximately US$20.48 million in liquidity, Etherrock #72 and Feisty Doge NFT are the only two fractional NFT markets with liquidity exceeding US$4 million. LADY’s liquidity on Sunday was $335.33K, while DSMB’s liquidity was approximately $150.7K.

Tags in this story

Antique Zombie Shards, Ape Punk, BAYC history, Blockchain, Daofi, dappradar.com, Dibbs, Dissecting Meebit NFT (DSMB), Governor NFT (DOG), Ether stone #72, Lively Governor NFT, Fraction, Score NFT, Decentralized NFT market, Grade NFT, Female Punk (LADY), Lord Keka, market, My Alpha Leaderboard, nft, NFT industry, NFT, Otis, R64X.com, CIS

What do you think of today’s part of the NFT market and the $212 million market value of some NFTs? Please tell us your thoughts on this topic in the comments section below.

Image Source: Shutterstock, Pixabay, Wikimedia Commons

Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author is not directly or indirectly responsible for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.

Source link

More to explorer

Understanding Key Factors in Accidents

Pedestrian Safety Statistics Pedestrian safety is an urgent concern worldwide, with over 1.3 million people dying in traffic accidents annually. Pedestrians account