NFT Tokens ( Non-Fungible-Tokens)

The Rise of NFTS This Winter! NFTS Will Bring Warmth to Your Portfolios

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Non-Fungible Tokens are in the buzz among creators and enthusiasts. Numerous platforms are working towards NFTs and their marketplaces. Influencers and celebrities boasting and launching their NFTs are well known to the masses. Similarly, individuals are now more leaned towards the tech. While some are fond of the creativity, and the tech involved, others flex their holdings.

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Some of the NFT artworks and tokens are gaining immense popularity and impressive sales. The following are some of the collectibles and tokens, which are rising the market charts. Which is a sigh of relief amidst the burdening bear trend.

NFTs in The Trend

Habbo Avatar project is a collection of 12,500 pixelated avatars which are entirely unique. These collectibles are on NFTs, and they exist on the Ethereum blockchain as ERC-721 tokens. The collection is programmatically generated from 284 different traits and is 100% unique. The collectibles at press time are trading at an average price of 0.516 ETH. With sales for 24-hours up by 21,020%.

The Meta key is an experiment which is exploring the use cases of blockchain technology. That can bring to NFTs and FTs. The users need to have one Meta key of any edition. Which they will integrate a use case in every project they can. It is trading at an average price of 0.4835 ETH, with sales for the last 24-hours surging by 14237.5%.

Another NFT in the limelight is Crypto kitties. Which is a game revolving around breedable, collectible, and each collectible being one-of-a-kind. It cannot be replicated, taken away, or destroyed. The collectibles at press time values at an average price of 2.5094 ETH. Which is up by 9586.02%. Sales of which are up by 192% for the last 24-hours.

Similarly, NFT tokens are performing well. Tezos (XTZ) is trading at $6.03 which is up by 3.96% in 24-hours. While Axie Infinity (AXS) values at $73.97, prices of which are up by 6% in 24-hours. It is worth stressing that, the statistics are from press time.

Also Read: Enriching Crypto-Investments For Q4, Traders Keep Close Watch On These Altcoins & NFT’s

Twitter Shares a Sneak-Peak of Its Beta Version of NFT Verification

  Software engineer, and Android tech lead of Twitter spaces, Mada Aflak has shared a video clip. This illustrates the procedure of adding NFTs as a profile picture. The NFT verification was previously reported by CoinPedia. The users need to connect their preferred wallet and download their collectibles. Which can be set as the profile picture. The NFT is verified with a logo of the blockchain it is based on. The Twitter executive has also welcomed feedback and ideas from users.

Summing up, the reveal of the beta version has brought in a lot of enthusiasm in the space. It has also brought impetus to the NFT prices and sales volume. Hopefully, the sector emerges leaps and bounds following the launch event.

Also Read: Why October Could Be a Challenging Month For Bitcoin and Other Altcoins?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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