NFTs and Games Are Not Correlated to Crypto - Research - Aliens: AI Crypto News & Markets Updates

NFTs and Games Are Not Correlated to Crypto - Research

Mon, Jan 17, 2022

Aliens TLDR

"NFTs were hardly affected by the dip in cryptocurrencies," the report said, adding that "despite the volatile cryptocurrencies cycles, NFTs maintain a stagnant positive trend." So far this year, the crypto market has seen turbulent fluctuations in the prices of the top cryptocurrencies.

On the other hand, NFTs have marked a strong beginning, partly attributed to the launch of LooksRare NFT marketplace, which rose as a rival to the major marketplace OpenSea. DappRadar noted that both the number of trades and the number of unique active wallets (UAWs) connected to NFT dapps have been constantly increasing.

____ Learn more: - ‘Flurry’ of Walmart Patents Show Willingness to Embrace Crypto, NFTs and the Metaverse - NFTs in 2022: From Word of the Year to Mainstream Adoption & New Use Cases - Investing in the Metaverse: 4 Ways to Invest in Virtual Future - Metaverse Trends in 2022: Prepare for More Gaming and New Virtual Experiences with NFTs - Facebook Launches USD 50M Investment In Metaverse Research, Partnerships - KuCoin Makes a USD 100M Bet on Metaverse - LooksRare Outperforms OpenSea NFT Volume with 20x Fewer Users - Student's Selfie NFT Collection Goes Up 876% in 24H Volume

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