4.3. Crypto & NFT Markets

The native token of the Nexspecto platform is PECTO. NFTs and crypto assets in general will be utilized for savings assets & payments, users' participation in savings groups and entitlements on the platform, transfers of rights, ownership records. As a platform, Nexspecto will have a strong relationship with the crypto market in terms of both its business model and in-platform assets as a Web3 application.

According to the data of the leading cryptocurrency data analytics platform CoinMarketCap, as of July 2023, the cryptocurrency market cap is around 1.2 trillion dollars. In November 2021, the cryptocurrency market cap reached $3 trillion by breaking a record. The rapid transformation of an extremely new asset class from $7 billion market cap in 2016 to a trillion-dollar market in 2021 in a period of 10 years is extremely important data in terms of revealing the potential of the cryptocurrency market.

NFTs, which emerged as recently as 2014, have quickly turned into a billion-dollar market, where millions of addresses interact and NFT sales exceeding 90 million dollars are realized, with the momentum it gained in 2021.

According to DappRadar data, the total NFT transaction volume, which was at the level of 25.1 billion dollars in 2021, remained at the level of 24.7 billion dollars with a small decrease in 2022 by maintaining its momentum.

In the NFT market overview data presented on the OKX Web3 platform, it is shared that there are approximately 13 million addresses holding NFTs from more than 2 million collections, and that there are 4.22 million NFT traders in total. It has been stated in this research page that the market value of the NFT collections included in OKX's research methodology is $7.33 billion, and the total transaction volume to date is approximately $40 billion.

When we consider the potential of NFTs and cryptocurrencies with unlimited use cases, the potential of the Nexspecto platform with its groundbreaking savings solution will be better understood, with the crypto assets included in its platform and the native crypto assets of its platform.