Following the immense popularity and adoption of cryptocurrencies, several related products made a powerful debut. Decentralized prediction markets saw a major spike in popularity in late 2023 and early 2024.
In a recent development, it was noted that Truemarkets, a known prediction market and the issuer of Oracle Patron NFT, has gathered nearly $4.03 million from NFT sales.
During its public sale, the marketplace sold 15,071 NFT, worth noting from which 400 NFT were bought by Vitalik Buterin the co-founder of Ethereum for the sum of $107,000 roughly 32 ETH.
Furthermore, the recent launch of Patron NFT is part of Truemarkets’ Fair Launch, after which around 40 percent of the supply of True tokens will be allocated to the holder of this NFT.
The initial floor price of Parton was $0.08 Ether, which is equal to $250. According to data from OpenSea, when writing, the NFT was priced at 0.188 ETH. On November 21, its price reached 0.242 ETH.
The data also notes that demios37(dot)ETH holds the highest number of Parton NFTs followed by A04E94, Sencrazy, and vitalik.eth, CF3BBF and AA3735.
The success of Oracle Patron’s NFT launch has demonstrated that the prediction market not only gathered funds but also showcased its potential for leveraging blockchain and building unique NFTs.
After the launch of Truth Seeker NFTs and Oracle Patron, Truemarkets has established itself as one of the strongest contenders in this area.
NFT Market to Follow the Bullish Sentiment!
As we all know, after Donald Trump’s recent historical victory in the presidential elections, the vast cryptocurrency market has mirrored some major uptrends, with Bitcoin crossing its all-time high.
Including BTC, Ethereum, Solana, Dogecoin, and Shiba Inu also grew at the same pace. Not only are the tokens and coins market growing but subcategories including ETFs have also made huge headlines.
In the past 24 hours, the exchange fund market has gathered over millions in fresh funds.
Until writing the crypto NFT market had a $499,974,400 in sale volume which fell over 17 percent in the past 30 days. It is important to note that no major correction in the vast NFT market has been observed but some known NFTs have gathered huge attention after the victory of Trump.
As per experts, there is the highest probability that the NFT market might see a surge in coming sessions as the broader digital assets market is expecting new rules and regulations for the sector.
As per speculations, Gary Gensler the chair of the SEC will soon leave his position, and someone new will be appointed to carry out the responsibilities of the commission. Yet the names of the contenders haven’t been revealed yet but it is argued that some from the crypto market will head the SEC.
Since the beginning of this year until publishing, the Securities and Exchange Commission of the United States has filed lawsuits against dozens of companies and also sent a notice to the biggest NFT marketplace OpenSea.
