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The Daily Bone (Formerly The Nifty)
Navigating NFT Airdrops, Fractional Tokens, & much more ft. Spencer
Jan 26, 2024
Spencer, a crypto and NFT expert, joins the hosts to explore NFT token airdrops and fractional NFT tokens on centralized exchanges. They discuss strategies for engaging with meme coins, as well as the intersection of crypto and equities. Other topics include point farming on Magic Eden, upcoming meme coin launches, market makers in the NFT space, Sotheby's auctions, Roth IRAs, investment strategies, and a playful banter at the end.
01:21:43
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Quick takeaways
- Fractional NFT tokens are gaining traction on centralized exchanges, providing easier access and liquidity for investors.
- Market dynamics and activist investors can manipulate prices in the NFT market, highlighting the need for careful monitoring.
Deep dives
The significance of fractional NFT tokens on centralized exchanges
Fractional NFT tokens are gaining traction on centralized exchanges, allowing for easier access and liquidity. Platforms like Flooring Protocol and Protectorate are partnering with exchanges to list fractional NFT tokens such as Pudgy Penguins and Board API Club. This move provides investors with the opportunity to gain exposure to high-value NFT collections without needing to purchase a whole NFT. It also presents interesting opportunities for yield farming and staking with these micro tokens.
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