Electric Capital, a web3 venture capital firm, is addressing key issues in the NFT market with the launch of a new analytical platform.
Founder Avichal Garg recently introduced NFT Pulse, a platform developed in collaboration with Allium Labs. The platform aims to provide insights into the digital collectibles market across multiple blockchain networks, including Solana, Polygon, and Bitcoin.
Key Highlights:
– NFT Pulse offers transparency and cross-chain data analysis for digital collectibles.
– Bitcoin dominates in fee payments, potentially benefiting exchanges within its ecosystem.
– Data from NFT Pulse shows significant user activity on Solana and Bitcoin networks, surpassing Ethereum.
– Ethereum-based NFT collections have experienced fluctuations in value, with a decline in overall market activity.
– Platforms like OpenSea, X2Y2, and LooksRare have been impacted by the downtrend in trade volumes.
Electric Capital’s initiative comes at a crucial time in the NFT market, providing valuable insights for investors and enthusiasts. Explore more news on Global Crypto News for the latest updates.

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