The tool's developers noted that they are keeping a close eye on NFT wallets that are most active across the community to see who is winning and losing.
As trading becomes increasingly difficult during the bear market, a nonfungible token platform aims to lighten the load on traders and help them get a closer look at the strategies of successful collectors.
In an announcement sent to Cointelegraph, NFT platform Upshot said that it launched Upshot GMI, a tool that scores and classifies wallets based on their NFT trading performance. Taking inspiration from the crypto slang , GMI stands for “gonna make it,” as it analyzes which wallets are going to make it based on data available on the blockchain.According to Upshot CEO Nick Emmons, the index analyzes wallets by considering their realized and unrealized gains, number of transactions, volume, NFTs and premium NFTs held and the age of the wallet. He explained that:
“We’re keeping a close eye on the NFT wallets that are most active across the community to analyze the trends and get a clear snapshot of who is winning and losing.” The team claimed that the new feature could help traders see which wallets to mimic in terms of trading strategies. In addition, the team also
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'We Overhired': NFT Marketplace SuperRare Slashes 30% of Jobs as Industry Bloodbath Worsens | CoinMarketCapYet another round of redundancies will contribute to growing unease for those working in the crypto space, with little sign that the market will show improvement any time soon.
Read more »
The Different Ways to Get a CR7 Mystery Box NFT | Binance BlogOther than owning an iconic piece of sporting history, the CR7 NFT collection on Binance has a lot more to offer! And you'll be glad to know there are still plenty of ways to get your hands on one ⤵️
Read more »
‘The Revolutionaries Will Be Televised’: PleasrDAO Launching Live Auctions With Snowden, Ellsberg NFT.pleasrdao is launching PleasrHouse, a live interactive auction show, with its inaugural sale of an NFT from Edward Snowden, Daniel Ellsberg and the Freedom of the Press Foundation. camlearnscrypto reports:
Read more »
8 NFT Gaming Themes for 2023 | HackerNoonThe NFT gaming ecosystem is growing faster than ever now, but to date many of its early titles have felt “flat” in lacking much to do. - nft nftgaming
Read more »
Art Blocks Friendship Bracelet NFT Collection Takes Top Spot on OpenSeaThe Friendship Bracelet NFT collection by artblocks_io founder ArtOnBlockchain and generative artist MacTuitui rose to the top of opensea's leaderboard on Tuesday after its free claim period ended. camlearnscrypto reports
Read more »
Two Yuga Labs leaders to be deposed amidst the Ryder Ripps legal sagaThe move follows a legal saga starting in June of 2022, where Yuga sued Ryder Ripps for a 'copycat' NFT project.
Read more »