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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 $130 million. 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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All content was produced independently by the author(s) and does not necessarily reflect the opinions of Messari, Inc. Author(s) may hold cryptocurrencies named in this report. This report is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this report is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This report should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this report. Please see our Terms of Service for more information.


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Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.

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Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.
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