23/01/2023 Aptos Token Price Doubles in Two Weeks Amid Strong NFT Interest

NFT markets on Aptos are seeing growth among Crypto Twitter community users.

Aptos (Danny Nelson/CoinDesk)

An Aptos-branded hat. (Danny Nelson/CoinDesk)

Layer 1 blockchain Aptos’ APT tokens is up 250% in just 14 days even as the broader crypto market grapples with bankruptcies, lawsuits and a decline in overall sentiment.

The tokens command a market capitalization of over $2.3 billion on Monday, making Aptos the 30th-most valued network based on current token supply, and have a fully diluted valuation of $14 billion based on their total supply.

Prices trade just shy of $14 on Monday, up from last week’s $7 and over 300% from November’s $3 lows, perCoinDesk data. The move was primarily led by spot tokens, as APT futures markets remained relatively muted.

NFT markets on Aptos appear to have contributed to that growth. Data from Aptos NFT marketplace Topazshowcollections such as Aptomingos – a set of comic flamingos – and Aptos Monkeys attracted tens of thousands in trading volume in the past 24 hours, with the minimum prices of several NFT projects rising in the past week.

Some popular traders on Crypto Twitter expectinterest in Aptos NFTsto surge in the coming days. Flipping NFTs – a term for quick buying and selling of an asset – built on the network have steadily become trendy among opportunistic traders,several tweetsby various community members suggest.

You're about to see a bunch of Aptos NFTs flood the market over the next few days/weeks imo.

Where there's a massive pump, there's [sudden] massive interest and innovation.

It's all genuine and we're all here for the uhhh tech.

— Loma (@LomahCrypto)January 22, 2023

The Aptos mainnet was launched on Oct.18 to reasonable scrutiny andtechnical difficulties. Some criticized the way APT tokens were distributed: Investors and the Aptos Foundation received almost half the 1 billion tokens issued, leading to concerns that investors and the foundation could potentially liquidate their tokens, which would trigger a negative market reaction.

The team, on its part, defended the token distributions citing adequate lock-up periods put in place to prevent any large investor from dumping thier holdings en masse. "Our goal when we designed the tokenomics was to create something that fairly represents the community," Aptos CEO Mo Shaikh told CoinDesk in an interview.

"If you look at our tokenomics distribution, we have among the lowest across any blockchain for investors. ... It's among the most fair that we have seen even compared to other projects,” Shaikh claimed at the time.

Arts

https://www.coindesk.com/markets/2023/01/23/aptos-token-prices-double-in-two-weeks-amid-strong-nft-interest/

Interesting NFTs
Do Nothing (new variant) #7/15
Sometimes
The Machine of Real Madrid
Visual Toy honoring the greatness of the most awarded club in the world of football, Real Madrid. Including his top stars of all time including President Bernabeu, a myth in the club's management. This Visual Toy represents the club as a title machine with the Champions League as a great emblem, since it holds the leadership in victories in the maximum European competition. A magical and fantastic mechanism like the history of the club itself. Including the Bernabeu in its last year before the remodeling in 2020, this Visual Toy brings together all the essence and soul of the merengue team. https://javierarres.com
The River Plate Machine
Digital illustration for the cover of These Football Times magazine in its issue dedicated to the Argentine football team "Club Atlético River Plate". Original from 2020. For this cover I have created a complex machine that links all the generations and legends of the club with its great shield and emblem crowning the center as the heart of the fantasy machinery. Full of details and ornaments this is a highly detailed work. An authentic trip to the history of River through the imagination and the colors of the club. The most significant titles of the club are also included, such as the Libertadores Cup, the famous Intercontinental and the new Super Liga and the Argentine Cup in its newest cup design. If you see a hen, don't be surprised, it is the nickname that its fans give themselves, and they like it. ----- https://javierarres.com/about.html
CryptoKitties
Yo! I'm Kitty #449321. In high school, I was voted most likely to work at NASA. Sometimes I daydream of a life full of tripping my owner, ice cream, and swiping right. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
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By OthersideDeployer