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• ue to these characteristics, NFTs have been used in severalmarkets: games, arts, and sports, among others.
• Despite the strong interest of economic agents in operating with NFTs, thereare still gaps in the literature, regarding their dynamics and price interrelation with other potentiallyrelated assets, which deserve to be studied
• We also carried out ananalysis of the long-term memory of NFTs, which demonstrated the antipersistence of these assets,with results seemingly corroborating the market inefficiency hypothesis.
• In this sense, the main purpose in this paper is to analyzethe cross-correlation between NFTs and larger cryptocurrencies.
• his is evidence that NFT returns are not correlated with those of cryp-tocurrencies, corroborating the results found by [6], namely that NFTs are a distinct classof assets.

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