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About AlgoGems

AlgoGems is an open NFT marketplace for the Algorand blockchain. According to the whitepaper, the platform allows artists to mint and auction their NFTs and provides a trading platform for NFT collectors. By leveraging Algorand technology, AlgoGems offers zero-fee NFT creation and low-fee market transactions.

Behind AlgoGems, there is a community of thousands of active users who interact with their creations. The team uses a carbon-negative blockchain called Algorand to manage all NFTs and related data. AlgoGems also conducts ongoing GEMS-based governance.

GEMS is the native token of AlgoGems, used to reward creators and supporters of the platform while creating positive momentum for the Algorand ecosystem. GEMS is a multipurpose utility token. The GEMS platform capabilities go hand in hand with GEMS for the benefit of all users. The GEMS governance lets holders participate in voting to fund new initiatives, verify Algorand accounts, moderate content, prevent art theft, and classify or tokenize NFTs.

The GEMS model is designed to make the AlgoGems community and content more dynamic and valuable while maintaining the user-friendliness of the platform. GEMS governance is a way to meaningfully participate in the Algorand ecosystem, as a supporter, a creator, or both.

AlgoGems is a marketplace for creators who want an easy way to start minting and trading NFTs. There are no transaction fees for creating (i.e. minting) things on the site. Once a user creates an NFT, it is present on the Algorand blockchain, which is the underlying network, and can be traded on the Algorand blockchain.

GEMS holders receive exclusive offers during special events, lotteries, featured deliveries, and fee reductions at AlgoGems. GEMS holders get early access at future events and a higher chance of getting rare content. The GEMS model is designed to make AlgoGems's community and content more dynamic and valuable while maintaining the user-friendliness of the platform.

AlgoGems was founded in 2021 by the French company NFX Labs. The total supply of GEMS tokens is 10 million.

Market

France Market Stats

Market cap

-

Volume (24h)

€6.70

Circulating supply

-

All time high

€2.94

Price change (1h)

0%

Price change (24h)

+0.06%

Price change (7d)

+8.53%

France News about AlgoGems

BeInCrypto • May 02, 24

Morgan Stanley Chief Executive Leaves for Crypto

Former Morgan Stanley COO Jeremy Huff embraces blockchain's potential in new role at blockchain VC No Limit Holdings.The post Morgan Stanley Chief Executive Leaves for Crypto appeared first on BeInCrypto.

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Decrypt • May 02, 24

PayPal Expands Crypto Offerings With MoonPay Integration

PayPal has linked up with MoonPay to offer its millions of users access to over 100 cryptocurrencies

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The Block • May 02, 24

MoonPay integrates PayPal to allow US users easier access to crypto purchases and sales

MoonPay and PayPal announced today that users in the U.S. can now buy and sell more than 110 cryptocurrencies with PayPal.

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CoinDesk • May 02, 24

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App 'Kiosk'

Mirror and Paragraphs are rivals in the Web3 publishing space, and their deal allows Mirror's team to operate as an independent company focused exclusively on social media.

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CoinDesk • May 02, 24

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.

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The Defiant • May 02, 24

Solana Launches GameShift API on Google Cloud

Solana has steadily deepened ties with Google Cloud since onboarding the company as a validator in November 2022.

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AlgoGems is on the rise this week.

The price of AlgoGems has increased by 0.00% in the last hour and increased by 0.06% in the past 24 hours. AlgoGems’s price has also risen by 8.53% in the past week. The current price is €0.0120 per GEMS with a 24-hour trading volume of €6.70. Currently, AlgoGems is valued at 99.59% below its all time high of €2.94. This all-time high was the highest price paid for AlgoGems since its launch.

The current circulating supply of AlgoGems is 0 GEMS which means that AlgoGems has as total market cap of 0.

FAQ

What is the current price of AlgoGems?

We update our AlgoGems to EUR currency in real-time. Get the live price of AlgoGems on Coinbase.

What is the market cap of AlgoGems?

The current market cap of AlgoGems is €0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of AlgoGems?

The all-time high of AlgoGems is €2.94. This all-time high is highest price paid for AlgoGems since it was launched.

What is the 24 hour trading volume of AlgoGems?

Over the last 24 hours, the trading volume of AlgoGems is €6.70.

What other assets are similar to AlgoGems?

Assets that have a similar market cap to AlgoGems include GLI TOKEN, EverGrow, StarSharks (SSS), and many others. To see a full list, see our comparable market cap assets.

How many AlgoGems are there?

The current circulating supply of AlgoGems is 0.

Can I buy AlgoGems on Coinbase?

No, AlgoGems is not currently available on Coinbase, but you can sign up to get the latest news on AlgoGems and be notified when it gets added to our exchange.