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20 October 2020

Q3 2020 Web3 Review: NFTs Surge While The Foundation for Community Tokens is Paved

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In the world of Web3, Q3 was defined by the growth of non-fungible tokens (NFTs) and the rise of community tokens.

Cumulative lifetime NFT sales volume exceeded $130million. This was sparked by the various implementations of NFT liquidity mining and renewed interest in digital ownership.

Alongside the rise of NFTs, the top community tokens - which are tokens issued by an individual or group - surged to a combined fully diluted market capitalization of over $150 million with no signs of slowing down.

Our Q3 Web 3 Review breaks down and reviews what NFTs and community tokens will have to offer going forward.

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