The vesting of the NFT surged to the top of the data agritator Cryptoslam’s daily sales rankings on Friday, generating more than $12.4 million in the BNB chain.
Sharp Spikes place niche non-fan tokens (NFTS) products ahead of legacy digital art collections such as crypto plants and stubborn penguins, indicating investors are interested in the liquidity of new forms of vested tokens.
Also, a surge in activity has made the BNB chain the top network of daily NFT sales, nearly doubleping Ethereum’s $7 million that day, at around $14 million.
Cryptoslam’s data showed that UNCX network, a distributed service provider, operates a burgeoning vested NFT in the BNB chain. This project allows users to wrap vested tokens and mint a tradeable NFT voucher.
Top 10 NFTs by sales volume. Source: Cryptoslam
NFT vesting could have a billion dollar use case
Vesting is generally used to prevent early investors and team members from rushing tokens to make a profit and leaving the business early. The project essentially locks the tokens except that the holder sells them.
However, NFT vesting could allow vested token holders to access liquidity by selling NFTs.
NFTS Wrap Token Lockup wraps into a tradable NFT that acts as a voucher. Owning an NFT grants the holder the right to claim vested tokens according to the programmed timeline.
This allows users with locked tokens to trade liquidity without breaking their original vesting agreement.
While only millions of NFTS have the best volumes, cryptographic vesting is a deeply integrated mechanism within the cryptographic ecosystem.
Tokenomist data showed that Crypto Market released approximately $15 billion in vested tokens to the market in September. The platform also showed that a total of $10 billion will be unlocked over the next two months.
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Utility-based NFTS Top Sales Chart
Apart from the vesting of NFTs, other utility-based NFTs ranked in the top 10 on Cryptoslam’s 24-hour chart. Actual Asset (RWA) Tokenization Platform Courtyard allows users to use NFT as a voucher for physical collectibles, ranking 10th that day and sales ranked nearly $500,000.
In April, courtyard sales spiked, pushing polygon to the top of the weekly NFT sales chart. At the time, Courtyard NFTS reached a volume of $22.3 million in just seven days.
DMarket, a platform that allows for the sale of manipulated gaming NFTs, is also ranked among the top projects in NFT sales. Gamers can use NFT as ownership of unique digital ownership in the appearance of gaming cosmetics, character costumes and weapons.
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