This will alert our moderators to take action. Nifty 17, Chola Inv Finance Market Watch. Mutual Funds. ET NOW. Auto Auto News. Auto Components. Products Durables. Energy Power. Services Advertising. Rate Story. Font Size Abc Small. As part of its new initiative, eToro showcased its digital art collection, which includes well-known projects, including the Bored Ape Yacht Club, CryptoPunks and World of Women. Digital art is just one use case for NFTs. Hirsch said eToro plans to add capabilities that will give customers exposure to use cases beyond digital art.
Price discovery in digital art and knowing what to buy are still big question marks, but the industry is working on it, Hirsch said. Today, investors typically use the floor price, or the minimum amount of money you can spend to buy an item from a collection.
Within a year or two we'll have third-party services that will appraise individual pieces and give you an approximate price on what you're about to buy or what you own in a way that would be agreed on by market participants. Art has been a strong asset class for decades, but only for the super rich, Hirsch noted. EToro is looking to bring both new artists and new investors together to help both build their wealth in this new way. NFTs from some of the "blue-chip" projects in eToro's collection already go for a minimum of hundreds of thousands of dollars on OpenSea, the largest marketplace for NFTs.
That's hardly accessible to smaller investors, but the company expects that many of the lesser-known digital artists whose work it'll help bring to market won't be priced like a Bored Ape — a popular collection that's lured celebrity buyers. Skip Navigation. Investing Club. Key Points.
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See our list of new cryptocurrencies added and tracked recently. We list brand new mineable coins, ERC tokens, DeFi tokens and more. The next cryptocurrency to consider buying in is PancakeSwap. In its most basic form, PancakeSwap is a decentralized exchange that was. After the creation of bitcoin, the number of cryptocurrencies available over the internet is growing. This is a list of notable cryptocurrencies.