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Most of NFT Industry Working on Recycled Liquidity, Says Forkast Labs’ Co-Founder

Little of the non-fungible-token (NFT) industry’s market capitalization can be attributed to new investors, according to Randy Wasinger, co-chief executive officer of Forkast Labs and the founder of NFT and blockchain data analytics service CryptoSlam.

Forkast.News and CryptoSlam merged in January to form Forkast Labs, a media intelligence platform for the digital economy. Forkast Labs launched its flagship Forkast 500 NFT Index this week to provide data and pricing free of the “noise” that afflicts the industry. The Forkast Ethereum NFT Composite and the Forkast Solana NFT Composite were launched at the same time.

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