Blockchain data firm Nansen recently published a 12-page report on Ethereum-based NFTs and their performance in the ecosystem.
, were designed to “raises the bar for quality financial infrastructure that supports the growing depth of the NFT industry.”
Assessing the performance of the NFT-500 index across the period Jan. 1, 2022, to March 9, 2022, it is revealed that the price of assets increased by 68.5% when denominated in ETH, and gained 20.9% when measured in USD. Upon our request for specific clarification as to the calculation method for the numerical figure seen on the y-axis, a research analyst at Nansen, Louisa Choe stated that “the index level is the value of an investment relative to its value at one fixed point in time. The index started at 1,000 on 1/1/2022.
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