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KITE AI’s ‘FLY THE KITE’ NFT Floor Price Jumps Over 51% in a Day

The floor price of KITE AI’s ‘Fly the KITE’ NFT collection surged by over 51% within 24 hours, driven by strong trading activity, following a prior $33 million funding round.

ETH
NFT

Summary

KITE AI’s ‘Fly the KITE’ NFT collection, launched via free mint in July, saw a 51.12% increase in floor price, now at 0.68 ETH, with 56.25 ETH in 24-hour trading volume. The collection, limited to 2,000 units, honors early project supporters. KITE AI raised $33 million from PayPal Ventures and General Catalyst.

Terms & Concepts
  • NFT (Non-Fungible Token): A blockchain-based digital asset representing ownership or proof of authenticity of a unique item, often used for art, collectibles, and gaming.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and as a common trading currency for NFTs.
  • Floor Price: The lowest price at which an item in a particular NFT collection is currently listed for sale on the market.