Happy Monday, friends.
Two Notable headlines for you today.
Gaming Cryptocurrencies Flow, MANA, ENJ Open Week in Green
Native assets of non-fungible tokens (NFTs) and gaming-based blockchains, such as Flow (FLOW), Decentraland (MANA), and Enjin (ENJ), have started the week on a high note.
At the time of writing, the price of FLOW surged by over 18% over the past 24 hours, reaching around $26.58, according to crypto metrics platform CoinGecko.
Developed by CryptoKitties creator Dapper Labs, Flow is a proof-of-stake (PoS) blockchain specifically designed for NFT collectibles and various large-scale crypto games.
Gaming seems to be one of the, if not the largest, areas of growth in the NFT/Blockchain space.
Don’t quote us on that.
Likewise, it seems to be garnering much of the interest in the space as well, as it has attracted an entirely new market — gamers.
We think any investor in blockchain tech should be paying attention to these assets.
NFT Wrap: The $2 billion month
The Block’s NFT Wrap breaks down the key data points and storylines from the past week.
This week, OpenSea pushed the monthly figure for NFT market volume above $2 billion.
Oh, and Bored Apes, but they’ve got Mutants now, too.
That monthly figure wasn’t the all-time high — March drew about $315 million, led by Nifty Gateway — but the July figure was part of a collection of data points that signaled a resurgence in NFT activity, particularly around collectibles, artworks — “jpegs” in the crypto trade parlance.
Here we are, one month later:
No, you don’t need to adjust that dial — August’s NFT market volume currently weighs in at $2.3 billion, with OpenSea contributing $2.23 billion to that figure. It’s the definitive signal that OpenSea is now the dominant market for NFTs.
Point is, interest is high right now, and that’s paying dividends for marketplaces catering to NFT trade activity — and, no doubt, those operating platforms like OpeanSea. Speculation as to whether this is the peak or a harbinger to come? We’ll leave that to the crypto Twitterati.
Jaw-dropping.
We knew the NFT space was exploding, but I suppose we underestimated it.
Truly mind-boggling with regards to the amount of wealth created.
Purchasing NFTs when they first launch appears to be an incredibly good investment — depending on the project, of course.
Pour Conclure
If you enjoy investing in cryptocurrencies, we think you’ll like the NFT space too.
Because, as we’ve said before, we’re still in the 90s with regards to blockchain tech, and this could be your big opportunity.
Until Tomorrow,
Your Pal,
The Gopher
Disclaimer: None of this is to be deemed legal or financial advice in any way, shape, or form. You are reading opinions from an anonymous news publisher in Cartoon Gopher Format.
Questions & Comments: Please feel free to ask questions and leave comments as it relates to Crypto, Blockchain-Tech, NFTs, & Web 3.0 — or if you’d just like to say hello — I want to hear from you!
Connect With Us: Twitter · Gab · BitClout · Medium · Steemit · Reddit
Visit Our Groups: Minds · MeWe · Facebook
Recommendations: MetaMask Wallet · CoinGecko