CryptoPunks

The post Vesting NFTs Surge com. Vesting NFTs surged to the top of data aggregator CryptoSlam’s daily sales volume rankings on Friday, generating over $12. 4 million on BNB Chain. The sharp spike placed the niche non-fungible tokens (NFTs) product ahead of legacy digital art collections like CryptoPunks and Pudgy Penguins, signaling that investors are showing interest in new forms of liquidity for vested tokens. The activity surge also made BNB Chain the top network for daily NFT sales with about $14 million, almost doubling Ethereums $7 million for the day. CryptoSlam data showed that UNCX Network, a decentralized service provider, operates the Vesting NFTs that surged on BNB Chain. The project allows users to wrap vested tokens and mint a tradable NFT voucher. Top 10 NFTs by sales volume. Projects lock the tokens, essentially barring holders from selling them. However, vesting NFTs has the potential to allow holders of vested tokens to access liquidity by selling their NFTs. Vesting NFTs wrap token lockups into tradable NFTs that act as a voucher. Owning the NFT grants the holder rights to claim the vested tokens according to their programmed timeline. This allows users with locked tokens to have and trade liquidity without breaking their original vesting agreements. While the volume for Vesting NFTs is only in the millions, crypto vesting is a deeply integrated mechanism within the crypto ecosystem. Tokenomist data showed that in September, the crypto market released about $15 billion in vested tokens into the market. The platform also showed that a combined figure of $10 billion will be unlocked in the next two months. Related: Ronin Treasury to start buying back millions.