Should you buy an NFT?

Register now: Learn why NFTs are all the rage

NFTs have made headlines this month, but what’s the deal with this craze and why are they having a moment right now? This month, we’re joined by Enjin Chief Technology Officer, Witek Radomski, and Chief Operating Officer, Caleb Applegate to dig into why you should care about NFTs and how you can get involved, too.

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Summary of last month’s Market Outlook report: Market Movements Bitcoin (BTC) set another new all-time high at ~$58k on the 21st of February, and finished the month up 36%; Ethereum (ETH) lagged but was up 8% for the month Broader financial markets were mixed: stocks were up almost 3% but two big losers in February were long-dated US treasuries (-5.8%) and gold (-6.2%) We draw medium-term confidence in bitcoin’s valuation outlook based on its valuation relative to gold On-chain insights: Highlights from the Blockchain.com data science team Average bitcoin transaction fees nearly double to $21 per transaction. May have resulted in a decrease in retail activity. The bitcoin network continues its trend towards efficiency in processing multiple payments within one transaction. This fact is often lost in the energy consumption story held by some media outlets. Mempool size has inflated with the price of bitcoin, causing some payments to get stuck in the mempool. Roughly 25% of transactions have been waiting in the mempool for at least 6 days. The mempool acts in a cyclical manner. Mempool levels are at their lowest on Sundays and in the early morning house (UTC). Kaiko’s February Market Report Institutional demand for crypto products continues to soar, which is important to sustaining and boosting crypto valuations from current levels Crypto markets have become more robust as spreads and depth are less volatile following a crash The vulnerability of crypto exchange infrastructure continues to be on display with downtime, lagging interfaces, and a brief flash crash on Kraken What we’re reading and hearing The latest news from last month features articles from CoinDesk, Balaji Srinivasan, The Wall Street Journal, and more.