Nansen is the leading company in non-fungible token trading and analysis. Here we have a report on which NFTs are performing best today, specifically focusing on crypto collectibles and digital art. This data will be used to help investors make more informed decisions when researching how much of each asset they should buy or sell.,
The “nft market” is a website where people can buy and sell NFT’s. The site has been around for a while and there have been many releases of the report on which NFT segments are performing best.
Nansen, a blockchain analytics platform, has published a paper titled “NFTs as Investments: How Are They Doing?” The study is based on Nansen NFT indices, which are made up of several NFT collections that reflect various NFT market categories such as gaming, art, metaverse, blue chip, and others. These indices enable investors to follow the performance of a certain NFT market sector.
According to the survey, when denominated in ETH, the NFT market has outperformed the cryptocurrency market, with a YTD performance of 68.5 percent. The NFT market, on the other hand, has dropped -28.8 percent in the previous 30 days.
Social NFTs have also been recognized as the market leaders, with a market valuation of USD 9.5 billion, or almost 79 percent of the total NFT market capitalisation. NFTs’ brand awareness and perceived establishment, according to the study, are crucial elements influencing their success.
Blue chip and art NFTs were the most volatile type categories in terms of volatility, while metaverse and game NFTs were the least volatile. The low amount of volatility exhibited in metaverse and gaming NFTs might be attributed to the markets’ maturity, as well as attention and endorsement from large firms like Meta and VC investment.
To learn more about how each section is doing and how the NFT industry as a whole is doing, see the complete study here.
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