@BOMBERuss 11 September 2021 more from that month

the IP around non-interchangeable tokens, to a greater extent, is speculative in nature due to the growth of ETH, IntoTheBlock believes The capital of the non-interchangeable tokens (NFT) market has grown more than 3000 times over the year. This is the conclusion reached by the analysts of the IntoTheBlock service. According to Lucas Outumuro, a senior analyst at IntoTheBlock, the OpenSea NFT marketplace earned the most from the hype. According to analysts ' calculations, OpenSea's trading volumes increased 3,600 times from August 2020 to August 2021. For example, last year, the site's indicators were about $1 million. However, by the end of August 2021, the volume increased to $3.4 billion. At the same time, Outumuro doubted that the market is driven by the desire to store the purchased NFTs. It looks more like the market is driven by speculation, says a senior analyst at IntoTheBlock. For example, it is reported that in August alone, more than 200,000 addresses bought at least one NFT on OpenSea. This is 100 times more than last year. At the same time, an average of 7.6 NFT was purchased for each address over the past month, which is another record, Outumuro added. The average cost per NFT exceeded $15,000. The growth of prices for NFT also indicates the speculative nature of the market. Subsequently, the HYPE led to an increase in commissions on the Ethereum network. With each new appearance of NFT, price jumps for commissions become more frequent. This is due to the fact that projects that create NFT, as a rule, charge users a relatively low fee for generating tokens, Outumuro believes. #CryptoTrading