The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market - to a degree - to the value of ether as most NFTs are priced in ETH. Therefore, NFT collectors who are concerned about a potential market downturn could hedge the value of their collection using Ethereum derivatives.
The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market - to a degree - to the value of ether as most NFTs are priced in ETH. Therefore, NFT collectors who are concerned about a potential market downturn could hedge the value of their collection using Ethereum derivatives.
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