Days after launch, Pandora NFTs gain enormous traction, with a 170% increase in floor price.

Days after its formal launch, Pandora, a recently established non-fungible token collection, is still rapidly gaining popularity among NFT collectors. The NFT collection has had a sharp increase in trading sales volume and floor price value, indicating its impressive positive growth.

Pandora NFT Collection Pumps 218% In Sales

According to sales data gathered by on-chain data aggregator CoinGecko.com, the Pandora NFT collection has seen a notable increase in the market. Over 218% more ETH has been traded on the Pandora NFT collection in the last day than it did the day before (220 ETH).

The NFT floor price of the Pandora NFT collection has increased by more than 170% throughout this time. The price of Pandora NFT floor has increased from about 1.39 ETH to 4.26 ETH in the last day. The outstanding result demonstrates that the NFT market has maintained its consumer preferences.

Similar to the well-known ERC-20 and BRC-20 protocols, Pandora is a non-fungible token collection that was established on the Ethereum blockchain network using the ERC404 token standard. It was introduced earlier this month. An experimental token standard in between the well-known ERC-20 and ERC-721 is called ERC-404.

Overview of the Pandora NFT Collection

A limited edition of 10,000 Replicants, hosted on the Ethereum blockchain network, are part of the Pandora NFT collection. Within the Pandora ecosystem, a collection of ERC-404 tokens is equivalent to a Pandora Replicant NFT, and these can be exchanged on well-known NFT markets such as OpenSea.

Furthermore, possessing a Pandora crypto token called “$Pandora” in the Pandora NFT project equates to holding an ERC-404 token standard. In that case, users can obtain the $PANDORA tokens by using their ETH liquidity and other tokens on exchanges such as Uniswap V3.

In the end, collectors can obtain the Pandora Replicants NFT collection by redeeming their Pandora cryptocurrency. The amount of NFTs possessed by the user is determined by the quantity of held Pandora tokens. In that scenario, a user has the option to opt for a more flexible capital allocation approach by selecting a specific number of tokens rather than the entire NFT.