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NFT

NFT

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NFT is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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NFT can be traded using Coinbase Wallet, your key to the world of crypto.

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NFT is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

Market

Market stats

Market cap

$674,884.38

Volume (24h)

-

Circulating supply

36.9M NFT

All time high

$27.89

Price change (1h)

0%

Price change (24h)

0%

Price change (7d)

0%

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

NFT price is unchanged in the past week.

The current price is $0.0183 per NFT. NFT is 99.93% below the all time high of $27.89.

The current circulating supply is 36,863,404 NFT.

About

What Is NFT Protocol (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.

History of NFT Protocol (NFT)

The core team members of the platform are lead developer Joseph Fiscella, blockchain architect Tilo Ochotta, and frontend engineering manager Remon Nashid. Further, the team also has UI/UX design & engineer Sean Madrid, community & product manager Jake Cox, and others..

The maximum total supply of the NFT tokens is 88,888,888.

How Are New Tokens Earned?

NFT tokens are staked with a time-lock mechanism. Owners of NFT tokens can enter a staking contract and earn non-transferable veNFT tokens. The veNFT token is utilized in NFT Protocol governance and represents ownership of the NFT Protocol Treasury (fees accrued by the NFT Protocol DEX). Besides this, stakers accumulate veNFT based on the time they have locked their NFT tokens. Stakers who choose longer time-lock periods receive more veNFT than those who choose shorter time-lock periods.

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Reading List

News

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CoinDesk • Sep 27, 23

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Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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Guides

Coinbase

How to Buy NFT

You can buy NFT using Coinbase Wallet, your key to the world of crypto. We wrote a guide on how you can buy NFT using Coinbase wallet.

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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 $674.88K. 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 $27.89. 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 $0.00.

What other assets are similar to NFT?

Assets that have a similar market cap to NFT include Chimpion, MetaBeat, Nabox, 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 37 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.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.