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“Base” NFT Market Value Surpasses $1 Million in Coinbase L2 Network

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It is reported that according to the latest data of nftgo.io, the market value of \”Base\” NFT in the Coinbase L2 network has exceeded US $1 million. At the time…

Base NFT Market Value Surpasses $1 Million in Coinbase L2 Network

It is reported that according to the latest data of nftgo.io, the market value of “Base” NFT in the Coinbase L2 network has exceeded US $1 million. At the time of writing, the floor price of “Base” NFT was 0.0049 ETH, and the market value has risen to US $1.4 million. The current total transaction amount is about US $700000.

The market value of the “Base” NFT of the Coinbase L2 network exceeded US $1 million

Interpretation of the news:


The latest data from nftgo.io reveals that the market value of “Base” NFT in the Coinbase L2 network has surpassed $1 million. This news is a significant development for the non-fungible token (NFT) market and highlights the growing demand for digital assets.

NFTs are unique assets that are verified on a blockchain and can be bought and sold like any other asset. They are gaining popularity in the art and gaming industries, where digital collectibles have become increasingly sought after. However, with the rise of NFTs, there are concerns about their environmental impact and their potential for fraud.

“Base” NFT, in particular, is a new type of digital asset that allows users to earn rewards by participating in the Coinbase ecosystem. These rewards can be redeemed for exclusive experiences, merchandise, and other benefits. The “Base” NFT is seen as a valuable asset, given its connection to Coinbase, one of the leading cryptocurrency exchanges.

At the time of writing, the floor price of “Base” NFT was 0.0049 ETH, equivalent to approximately $14. The total market value of “Base” NFT is now around $1.4 million, with a total transaction amount of $700,000. This means that the demand for these digital assets is growing at an incredible rate, with investors and collectors recognizing the potential value in owning an NFT.

The rise of NFTs has implications for the future of asset ownership and the art market. NFTs allow creators to monetize digital content, including music, art, and video games. They also allow for the creation of unique assets that can be traded and collected, similar to traditional collectibles. As more people become aware of the potential of NFTs, we may see a shift in how we think about ownership and value.

In conclusion, the market value of “Base” NFT in the Coinbase L2 network surpassing $1 million is a significant development for the NFT market. This news highlights the growing demand for digital assets and the potential for NFTs to transform the art and gaming industries. As the popularity of NFTs continues to rise, we may see changes in how we value assets and the way we think about ownership.

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