NFT sales boom, but ownership is highly concentrated
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.”
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Tether Celebrates 12 Years, USD₮ Surpasses 700M Users
Key Takeaways: Tether marked the 12th anniversary of the world’s largest stablecoin by market cap, USD₮. The company claims that U...
Bitcoin Price Set for a Boost: Arthur Hayes Bets on an AI Boom Bust
As Bitcoin price slid toward $83,800, $4000 million in leveraged crypto longs were liquidated within one hour. This is a sharp rem...
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Sam Altman ChatGPT AI Predicts XRP Could Hit an Unbelievable Price by 2027
OpenAI’s ChatGPT AI predicts that if a monumental event lands for Ripple, XRP could surge to $50 or more. In this wildly bullish p...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...