Yahoo Finance: Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

Yahoo Finance: Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

The non-fungible token (NFT) project by former U.S. President Donald Trump has helped its host network, Polygon, outsell Ethereum on the leading NFT marketplace OpenSea for the second straight month, according to transaction data.

 

Fast facts

  • According to blockchain data aggregator Dune Analytics, there were 1.3 million Polygon NFTs sold in December and 1.5 million in January, while Ethereum’s numbers for those same months were 995,000 and 1.1 million.
  • “Trump Digital Trading Cards” was Polygon’s top project by sales value, if not in individual sales, on OpenSea in January with 5,517 sales totaling 1,760 Eth (US$9.2 million).
  • Trump’s collection was ridiculed by the right and left alike when it was released in mid-December for both its perceived poor timing in missing the height of the NFT market almost a year before, and for being out of touch with his voter base. The project quickly sold out regardless.
  • Anndy Lian, author of the new book “NFT: From Zero to Hero,” told Forkast in an emailed statement that Polygon’s growth isn’t really about Trump. The main reason for Polygon’s gain is it has a vast support system with gas fees (costs for transacting on the network) that are much lower than on Ethereum.
  • “The actual spike in popularity was with [collaboration with social media platform] Reddit in August 2022,” Lian said. “The collaboration with top brands such as Meta, Starbucks and Nike are also key indicators that they are on the right track and well accepted by mainstream audiences.”
  • Lian added that Polygon is also host to a large percentage of projects with greater utility, such as Sandbox and PlanetIX, which were both top 10 ranked collections across all NFT marketplaces in January.
  • “When there is demand, there is supply,” Lian said. “This is what we see in the case of Polygon.”
  • OpenSea is the largest NFT marketplace in the industry, and had 40% of the total NFT sales volume in January, according to DappRadar.

 

Source: https://finance.yahoo.com/news/donald-trump-helps-polygon-nfts-060422995.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

The non-fungible token (NFT) project by former U.S. President Donald Trump has helped its host network, Polygon, outsell Ethereum on the leading NFT marketplace OpenSea for the second straight month, according to transaction data.

 

Fast facts

  • According to blockchain data aggregator Dune Analytics, there were 1.3 million Polygon NFTs sold in December and 1.5 million in January, while Ethereum’s numbers for those same months were 995,000 and 1.1 million.
  • “Trump Digital Trading Cards” was Polygon’s top project by sales value, if not in individual sales, on OpenSea in January with 5,517 sales totaling 1,760 Eth (US$9.2 million).
  • Trump’s collection was ridiculed by the right and left alike when it was released in mid-December for both its perceived poor timing in missing the height of the NFT market almost a year before, and for being out of touch with his voter base. The project quickly sold out regardless.
  • Anndy Lian, author of the new book “NFT: From Zero to Hero,” told Forkast in an emailed statement that Polygon’s growth isn’t really about Trump. The main reason for Polygon’s gain is it has a vast support system with gas fees (costs for transacting on the network) that are much lower than on Ethereum.
  • “The actual spike in popularity was with [collaboration with social media platform] Reddit in August 2022,” Lian said. “The collaboration with top brands such as Meta, Starbucks and Nike are also key indicators that they are on the right track and well accepted by mainstream audiences.”
  • Lian added that Polygon is also host to a large percentage of projects with greater utility, such as Sandbox and PlanetIX, which were both top 10 ranked collections across all NFT marketplaces in January.
  • “When there is demand, there is supply,” Lian said. “This is what we see in the case of Polygon.”
  • OpenSea is the largest NFT marketplace in the industry, and had 40% of the total NFT sales volume in January, according to DappRadar.

 

Source: https://forkast.news/headlines/donald-trump-polygon-nft-ethereum-opensea/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian’s Views On Second-Tier Exchanges: “They are too small to be on the radar so they can be more ‘wild.'”

Anndy Lian’s Views On Second-Tier Exchanges: “They are too small to be on the radar so they can be more ‘wild.'”

Thanks Simon Chandler for connecting me and seeking my views on the second-tier exchanges. I always like to pick my own brain and look at things from a different angle. This time I looked at second-tier exchanges being more innovative and daring. This is part of my views and is quoted on the article:

“The only advantage they have compared to the big brothers is they are too small to be on the radar so they can be more ‘wild,’” says Anndy Lian, a Singapore-based cryptocurrency and blockchain advisor and author.

“You seldom see a coin goes 100x on big exchanges but it’s still happening on second-tier and small exchanges.”

 

 

The full article can be found below or you can go to www.cryptonews.com to read it.

 

 

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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j