At the beginning of the year, when the crypto market was red hot, it was extremely tough to understand what was...

Dec 2022, CoinGecko and Footprint Analytics Joint ReportThere is an underlying assumption that the entire NFT market is fraudulent in nature...

An NFT can be any type of digital good whose value and proof of ownership are corroborated in a blockchain’s ledger. Because blockchains are...

Chainalysis has released a report that sheds light on the NFT market in the past year, including some notes on NFT wash trading and money laundering. Market breakdown The data provided by Chainalysis goes into detail where the buyers of NFTs came from. Web traffic analysis shows that most visits to NFT marketplaces originate in […]

The post NFT Trading Volume Amounted To 44.2 Billion USD In 2021 appeared first on CryptoCoin.News.

Findings from Chainalysis shows the NFT space to be prone to wash trading, but most traders are not profiting.

LooksRare generated $8 billion in Ethereum NFT wash tradign as users attempt to game the trading rewards model according to analytics company CryptoSlam so let’s read more today in our Ethereum news. CryptoSlam said the vast majority of the hot NFT marketplace sales are illegitimate trades that were made to manipulate the token rewards model. […]