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.