Cryptocurrency price data sourced from CoinGecko is critical for analyzing bubbles and valuing LAND transactions in NFTs. The analysis covers transactions of Decentraland and The Sandbox from August 2018 to August 2022. The anonymity of blockchain transactions poses challenges for peer-to-peer exchanges. Decentraland operates its marketplace while The Sandbox uses third-party providers like OpenSea, which dominates transaction volume. Unique transaction counts are 17,118 and 47,385 for Decentraland and The Sandbox, respectively. Transaction prices are adjusted to reduce outlier influence, ensuring accurate valuation in the analysis.
Daily cryptocurrency price data is obtained from CoinGecko. Prices quoted in USD are used in the bubble timestamping analysis and as exchange rates to convert the price of LAND NFT transactions.
Transactions occurred from August 2018 for Decentraland and December 2019 for The Sandbox to August 2022. There are 17,118 and 47,385 unique transactions in Decentraland and The Sandbox respectively.
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