CoinGecko to Enter Non-Fungible Token Space

CoinGecko which is a giant organization dealing in crypto market data providing sector is thinking of entering the non-fungible token (NFT) space. A few days ago it launched an NFT forum. The co-founder of the company Mr. Ong stated to the media that the company sees great potential for growth in NFT sector and what the crypto space used to be in 2014, NFT is looking similar in 2019.

He said the company is coming with something bigger in this space, and the company would launch something related to the analytics of NFT in a few months. At present, the company is preparing a community of people who are either interested or are ready to trade in NFTs.

Non-fungible tokens (NFT) are a special form of tokens which are non-interchangeable. The most known NFT in the market is CryptoKitties. This is an Ethereum-backed DApp gaming product in which you have to collect cats which are represented by tokens. Each of these tokens is unique.

The CoinGecko NFT forum is conducting a giveaway for its users in which it will be using two rare NFTs. If any of the users wish to be a part of this giveaway, all it has to do is introduce him/herself, write about their thoughts on the NFTs and their future. Along with these, the user has to attach an image of an NFT they own, and start following Boxswap project on Twitter.

So far the for us has 36 users who are participating in this giveaway. In total, it has 55 registered users on the forum.

CoinGecko keeps a track of over 4,300 coins from over 300 crypto exchanges, and it is planning to track “the most data points in the crypto space,
The analytics market data provider is planning to adopt new measures to win the race against the other providers which are giving fake trading volume data.

The co-founder said, “We are busy working in the office now to provide more data to users to better show which exchanges have real and which have fake trading volume.”

He further stated that the public would be given more information on this project in the coming weeks and months. The company believes and agrees that there has to be more transparent surrounding around crypto exchanges and the company wants to make its contribution in creating such environment. In 2018, the company introduced each associated exchange to social data so that users can evaluate trading volume on their own.