The NFT strategy ecosystem of NFT-linked tokens has reached a market capitalization of $ 202 million and $ 10.7 million in daily trading volume.
Data from Dexscreener show punk strategy (Punkstr) that lead to $ 152 million after an increase of 37% compared to the last 24 hours. Pudgystrategy (Pudgystr) followed with a profit of 45% to $ 11.25 million. The momentum also went to the other tokens with Apestrategy (Apestr) by 29% to $ 8.3 million and Toadz strategy ($ TAADSTR) that increased 20% to $ 3.7 million.
Pnkstr -card
All eight Tokenworks NFTStrategy -Tokens were mentioned on OpenSea on 30 September. The launch was accompanied by a 20 ETH release pool that was distributed over the assets. ETH is currently being traded at $ 4,411, an increase of 2.4% in the day.
The launch emphasizes the increasing convergence of NFTs and decentralized finances (Defi), because projects such as TokenWorks explore innovative methods to introduce liquidity, rewards and automated strategies in the NFT market.
This is because the wider NFT market has struggled to struggle the momentum that it has experienced in previous years, so that the peak of market capitalization of around $ 17 billion in April 2022 is more than faltered.
In the last 24 hours, the total sales volume of NFT reached $ 18.3 million all over the world, which, according to Coetecko, marked a daily increase of 48%.
Tokenworks launch
TokenWorks introduced NFTstrategy as a ‘an everlasting machine for every NFT collection’, designed to have everyone launched a token and at the same time giving value back to NFT makers and artists. The team also explained that every NFT strategy was built to support PNKSTR.
“Punk strategy started as an art project and turned into a completely new token -Meta,” the team wrote about X. “It was definitely forked, and we had the feeling that we had to create a way to launch your own while we are still permissionless and safe for buyers.”
Each NFT collection can have one NFT strategy -token and the costs of the actions of the token are allocated to a swimming pool that buys NFTs from that collection, which then are re -purchased at 1.2 times the purchase price. When an NFT is sold, the ETH of the sale is used to buy and burn the corresponding NFTstrategy token. This process then goes “forever,” the team said.
From now on, PNKST will charge a trade costs of 10%, with 8% allocated to the NFT accumulation pool, 1% to supporters of TokenWorks and 1% to the TokenWorks team. In the meantime, other NFTstrategy -Tokens assign 8% to buying NFTs and 1% each in collection -owners and buying and burning PNKSTR.