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About NFT

The NFT Protocol provides decentralized exchange (DEX) infrastructure to support the NFT (non-fungible token) asset category. NFTs are used to represent and demonstrate ownership of digital and physical assets such as digital art, in-game assets, physical art, real estate, sneakers, etc. The protocol aims to meet the needs of the NFT asset class while also taking care of the changing needs of the NFT community. The NFT Protocol also seeks collaboration and input from the NFT community, industry participants, and enthusiasts across the NFT sector.

As the whitepaper states, the first piece of infrastructure of the NFT Protocol is a decentralized exchange that enables the users to swap NFTs for other assets. The NFT Protocol's DEX is for NFTs on Ethereum (ETH) and Polygon. The DEX supports the ERC 721, ERC 1155, ERC 20token standards and ETH. Users can utilize the DEX to generate and fill 1:1 or multi-asset swap orders involving any combination of supported asset types in any quantities.

Moreover, the platform token of the NFT protocol is NFT, which is a governance token. The holders of the token can participate in the future of the platform. The fee structure of the DEX is dependent on the NFT token, as no cost is incurred on those who hold over 100,000 NFT tokens. Also, for keeping 10,000 NFT tokens in the associated wallet, the user gets a 10% fee reduction. This concept is intended to encourage NFT holders to keep and stake their tokens in order to lower or eliminate DEX costs while also reaping the benefits of participating in NFT Protocol governance.

Market

Market stats

Market cap

$810,309.96

Volume (24h)

$89.83

Circulating supply

37.8M NFT

All time high

$0.0216

Price change (1h)

+100%

Price change (24h)

+100%

Price change (7d)

+100%

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Coinbase Bytes

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NFT is on the rise this week.

The price of NFT has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. NFT’s price has also risen by 100.00% in the past week. The current price is $0.0214 per NFT with a 24-hour trading volume of $89.83. Currently, NFT is valued at 0.81% below its all time high of $0.0216. This all-time high was the highest price paid for NFT since its launch.

The current circulating supply of NFT is 37,823,822.572 NFT which means that NFT has as total market cap of 37,823,822.572.

FAQ

What is the current price of NFT?

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

What is the market cap of NFT?

The current market cap of NFT is $810.31K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of NFT?

The all-time high of NFT is $0.0216. This all-time high is highest price paid for NFT since it was launched.

What is the 24 hour trading volume of NFT?

Over the last 24 hours, the trading volume of NFT is $89.83.

What other assets are similar to NFT?

Assets that have a similar market cap to NFT include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many NFT are there?

The current circulating supply of NFT is 38 million.

Can I buy NFT on Coinbase?

Yes, NFT is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy NFT guide.

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