Analyzing Fractal: the new most promising Solana NFT (Update: It was not)
Fractal has launched its own NFTs to 100.000 people. Let’s dive deep into the data to understand their value
Fractal is a new NFT (Non-fungible token) marketplace focused on the Solana Blockchain. If you understood that whole sentence, we are on the same page! If not, do not worry, I’ll walk you through it. After reading this article you will know:
- What is an NFT and what it can be used for
- Where to trade NFTs
- What it means for an NFT to be rare, with Fractal as an example
- Some statistical analysis
And remember this is not financial advice!
Introduction
There’s a lot of hype about the NFT space. APEs, Punks, Mutants… but what is an NFT? In simple terms, an NFT is a unique asset. Non-fungible stands for unique and token for asset. It’s a series of data with visual representation stored on the blokchain that are owned by users and may have utilities. Beyond the artistic and community applications, there is one extremely interesting, videogames.
Can you imagine owning a piece of the Legend of Zelda Ocarina of Time or Final Fantasy VII? That…
