The 0xcert NFT Spotlight Series is aimed at bringing to light the 50 shades of non-fungibility. From games to cards, and from protocols to supporting services, there is no shortage of uniqueness.
We're at number 11 already! This time, we are hosting CoinGecko, crypto assets ranking site, collecting an immense amount of assets and market data. (Looking for other NFT topics? Please find more non-fungible interviews at the bottom of the post.)
📢 What is CoinGecko all about?
Data, data, and data. Cryptocurrency-related data, to be precise. The CoinGecko site is like a funnel for all the external information and statistics about over 3.500 crypto assets. If you're not sure about which coins or tokens are best to invest in next, CoinGecko could give you the answer or at least an empirical overview of their previous trends and other references to valuable sources.
💪 What nut are they cracking?
At CoinGecko, they are well aware of the immense diversity and increasing number of crypto assets on the market. They understand that it can be overwhelming for both new as well as senior investors to keep track on the most popular cryptocurrencies, and to recognize growing trends and investment opportunities in the recently created coins.
By challenging the current methods of altcoin valuations that mostly take into account market capitalization data, CoinGecko adds a few extra metric layers to make the data less easy to manipulate. Such metrics include social media subscribers, community growth, team info, and even the consequences of a potential 51% attack.
🔧 How do they do it?
The Internet is flooded with data, and it's often a challenge to sail on it without losing direction. CoinGecko combines links to all the relevant data and resources of each token with its market fluctuation info, extremely meticulous charts, and comparisons with similar tokens. This provides a much more in-depth and objective overview of crypto coins and tokens, all with the aim to enable the traders to rely on their own judgment and decision, instead of falling for temporary hype created by tribal fan groups.
If you're a proud owner of some cryptocurrencies or tokens already, you might want to use their calculator to check their value in fiat, or even the Mining Calculator to check the costs related to mining it. And don't forget about their CoinGecko Mobile App (available both on App Store and Google Play Store to have the most extensive cryptocurrency data aggregator appear always in your pocket.
⛓️ CoinGecko in action
The crypto giants may be occupating the top of the charts, but among 3.500 assets on CoinGecko, the non-fungible projects found their place, as well. Crypto traders can thus follow the market perception of both new and well-established non-fungible projects, and invest accordingly. You can check their token growth - either concerning token price as well as its market cap - or find other resources to learn more about them.
Especially valuable is the part dedicated to the code, providing information about the project's GitHub activities, so you can always follow their progress and commitment to the promises given during their ICO. By comparing an asset to others of a similar kind, the perspective on its trading potentials broadens and possibly lets you find an even better token to put your money in.
❓ Non-fungible Q&A
Even though CoinGecko is nonpartisan when it comes to listing crypto assets, they openly recognize the value of non-fungible tokens and their potential to rock the market trends significantly. With Bobby Ong, co-founder at CoinGecko, we talked about the non-fungible side of the crypto moon.
1. What do you expect to see in 10-years time in the non-fungible field? The most creative answers count double.
In 10 years, we should expect to see a myriad of real-world assets represented on the blockchain as non-fungible assets. We should see tokenized non-fungible livestock, and these tokens could be fractionalized and sold to external investors. These will help farmers in developing countries to get plugged into the globalized world better and to improve their financial inclusion.
So instead of us owning CryptoKitties, we'll be owning real CryptoCows which we will be able to visit and milk!
2. In terms of other NFT projects, which one would you nominate for a Golden Globe and why?
CryptoKitties. They are the first project that popularized NFTs and enabled other developers to be creative and explore the opportunities in this area.
3. What would you rather have - your pet cat tokenized on the blockchain or a tangible, strokable 3D-version of your favorite crypto-asset?
A tangible, strokable 3D-version of our favorite Etheremon!
4. A CryptoKitty and an Axie enter the ring. Who wins?
That's a tough one. An Axie will win as it has more superpower. ;)
5. Finish the joke: “CoinGecko walks into a bar...
..., the bartender asks if 15 seconds can save you 15% or more on trading fees, and Gecko replies, "No, but greed is good!"
We appreciate the time and commitment that CoinGecko and their Co-Founder Bobby Ong have dedicated to shedding light on the importance of informed decisions in crypto space, especially when it comes to trading. This definitely brings a more objective and confident adoption by the broader trading and collecting audience.
Say hi to the CoinGecko team:
Need a higher dose of non-fungibility? Try these:
NFT Spotlight #1 - Kette.io, protecting your NFTs
NFT Spotlight #2 - CryptoDecks, trackers of non-fungible values
NFT Spotlight #3 - KnownOrigin, the non-fungible art platform
NFT Spotlight #4 - Mokens, helping you create and compose NFTs
NFT Spotlight #5 - OpenSea, customizable NFT marketplace
NFT Spotlight #6 - CryptoCarz, VR racing on the blockchain
NFT Spotlight #7 - Dapp.com, all decentralized apps in one spot
NFT Spotlight #8 - Nonfungible.com, market insights for NFTs
NFT Spotlight #9 - CryptoCup, sports betting through NFTs
NFT Spotlight #10 - Block3, bringing NFTs to entrepreneurship