An NFT sweeping tool is a software or program that allows users to buy multiple non-fungible tokens (NFTs) quickly and efficiently. These tools are often used by collectors or investors looking to acquire specific NFTs from a marketplace.The main function of these tools is to automate the purchasing process. Instead of manually buying each NFT one at a time, a sweeping tool can identify and purchase a collection of NFTs in bulk based on user-defined criteria. This can save time and ensure that buyers don’t miss out on desirable assets, especially in fast-moving markets.Sweeping tools can also help in tracking prices and making data-driven decisions about which NFTs to buy. Users can set parameters like price limits and rarity levels, making it easier to find valuable items within a large NFT catalog. Overall, these tools enhance the efficiency of acquiring NFTs and can be beneficial for both casual buyers and serious investors.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the