Sales of NFT have recorded new highs in the first half of 2021. The non-fungible tokens (NFT) have been ultimately gaining attention in the market. Many popular and well-known figures have invested in NFTs lately, which played a significant role in NFTs surge.
According to DappRadar, there were $2.5 billion in NFT sales in the first six months of this year. On the contrary, NFT sales reached $13.7 million in the first half of last year, 2020, which depicts that the rise of NFT this year seems like a massive hit.
OpenSea records over $150 million in NFT sales in June which is nearly 1000% more than the total sales for all markets last year. Because of their cultural significance, NFT buyers and enthusiasts regard them as one-of-a-kind digital collectibles with intrinsic value. Others simply treat them as investments, betting on price increases.
NFTs Marketplace
Since early March, Ethereum-based NFT transactions have been between 10000 and 20,000 buyers in one week. Besides, the NFT tracking and discovery platform reports $1.3 billion in this period, which did not include $8 billion in DeFi-based NFTs.
So far the most influential NFT sale was acquired by “Beeple” — which is digital artwork. It was sold for more than $69 million at Christie’s Auction House. Furthermore, the artwork representing NFT was created by digital artist Mike Winklemann, also known as Beeple’s “Everydays – The First 5000 Days,” which is a collage of 5,000 images created one-per-day.
Moreover, this was not the only time for NFT at an auction house. Nine rare NFTs of Cryptopunks were sold for about $17 million at the same auction house in May.
According to Nonfungible data, collectible and sports-themed NFTs are the most popular, giving third place to digital art. Comparing art and sport-related NFTs, it is recorded that in the first-half year, about 300,000 sports-related NFTs were sold. On the contrary, almost 124,000 art NFTs were sold, which depicts that sport-related NFTs magnifies traction.
The entire world has clearly immersed deeply into non-fungible tokens (NFT). Numerous celebrities, movie stars, various giant MNCs, the Sports sector, and much more are anticipated in the market.
