.moonbirds leads a crowded NFT Market: A Data perspective by intotheblock 🔥 This article seeks to analyze the increasing number of NFT collections in contrast with the few that are able to preserve their value.
The NFT space continues to receive positive news. The number of collections minted keeps increasing, and NFTs keep achieving new selling price records. This article seeks to analyze the increasing number of NFT collections in contrast with the few that are able to preserve their value, using the newly launched Moonbirds collection as an example.
By mid-2021, activity across the NFT space started to drastically increase. The number of NFTs collections being minted started to exponentially grow, fromThe indicator measures the number of collections on-chain, currently 83.6K. Even more impressive is the amount of collections being minted daily, averagingThe growth and high demand for NFT collections unleashed an increase in the supply of collections. Key metrics like.
Even though the NFTs space looks promising and continues to reach new highs, the sad reality is that many of these collections being minted do not accrue to the value expected by their issuers. A moreof all collections reveals that very few manage to surpass and maintain this expected threshold. Furthermore, most of the value is currently concentrated in a few collections rather than spreaded throughout the space.
Currently among the top “Trending Collection” is Moonbirds, launched on April 16. The collection managed to reach unprecedented daily volumes: $280 million between primary and secondary trading, just two days after its launch. This places it among the top ranked NFTs collections to ever be launched.gave the collection community power. Members had the ability to claim two Moonbirds for free, plus a chance to enter the raffle for the chance to buy one at 2.5 ETH.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston Texans' Laremy Tunsil mints draft-night gas mask video into NFT for charityThe video posted just hours before the offensive tackle's first-round selection is now for sale, with proceeds going to charity.
Read more »
The NFT sector is projected to move around $800 billion over next 2 years: ReportHow much money do you think is passed around the Metaverse? $800 million is the likely answer over the next couple of years.
Read more »
Jacob & Co.’s Newest ‘Astronomia’ NFT Watch Collection Pays Homage to the PlanetsThe planet-specific drop will pair select NFTs with a dazzling one-off watch you can sport in real life, and more.
Read more »
Claim Exclusive POAP NFT Rewards During Alpine Esports Series Championship 2022 Powered by Binance | Binance SupportThe Alpine Esports Series Championship 2022 Powered by Binance will be covered by three live streams starting from 2022-04-28. There will be a combined prize pool of $100,000 worth of ALPINE Fan To...
Read more »
Nike's new NFT sneakers selling for more than $100,000Customers are paying between $4,000 and $9,500 in cryptocurrency for the shoes, but some pairs have sold for well over six figures.
Read more »
Binance NFT Launches Password-Free Purchase Limit and Pay PIN Features | Binance SupportFellow Binancians, Binance NFT Marketplace is introducing new easy-to-use Payment Features, Password-Free Purchase Limit (Per Transaction) and Pay PIN , to provide users with a more conveni...
Read more »