NFTs a conduit for Women to Participate in Crypto
ETH/USD Derivatives Traders are Cautious despite Impressive Gains
Lavinia Osbourne, the founder of Women in Blockchain Talks, thinks NFTs can help them crack into the male-dominated crypto scene.
The industry, as per statistics, has few women. This underrepresentation can be solved by promoting NFTs.
Unlike fungible tokens, NFTs are usually limited in number. Each piece is differentiated, finding application, especially in art.
According to Lavinia, the space can be a relief for many women–some of whom are going through financial distress after losing their jobs.
However, dedicated effort to advertise and promote NFTs, a form of crypto, coupled with artists like Beeple making millions from digital art pieces, is paying off. It successfully makes NFTs more relatable, more so to people in the art and creative industry.
Etherium/USD Derivatives Traders are Cautious despite Impressive Gains
There is a contago between Ethereum spot and derivatives market, reading from premium rates.
While ETH bulls expect prices to inch higher, perhaps explode above $3k in the coming week due to EIP-1559 activation, making ETH coins deflationary, ETH/USD annualized premium rates underwhelming.
Usually, in a palpable bull market, Etherium/USD premium would be above 12 percent as buyers flow in and sellers avoid liquidating. ETH/USD premium in the derivatives market is now at around eight percent or a premium of about 1.3 percent—in the positive—as per ETH three month futures.
As a result, the only interpretation drawn from this is: Professional traders are cautious.
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