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Author Topic: NFT Sales Jump From $93M to Over $2B in Three Months  (Read 2399 times)

Offline LazY

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NFT Sales Jump From $93M to Over $2B in Three Months
« on: April 14, 2021, 05:42:34 PM »
Data on NonFungible.com, a website that tracks NFT transactions and marketplaces, revealed that the sales of digital non-fungible tokens (NFTs) have increased from $93 million recorded in the fourth quarter of 2020 to more than $2 billion in the first quarter of 2021.

This difference between the two figures shows that the number of NFT transactions conducted in Q1 2021 increased more than 20 times compared to the volume of the previous quarter. This total figure of over $2 billion does not comprise the sales of NBA Top Shots.

NBA Top Shots refers to the video highlights that are being turned into NFTs and traded and its trades which are recorded on the Flow platform amounted to $472 million earlier this year.

NFT sold by Beeple at Christie’s in March was also not included as the $69 million trades were traded through a partnership with Nifty Gateway.

Among the NFT projects that have significantly contributed to this remarkable record is the CryptoPunks project. In March, the project recorded $7,680,621 and $7,571,191  sales with an average price that went from $ 2,500 in previous months to $ 95,900 in just a few months and later dropped to around $ 45,000 by the end of that same month.

SuperRare (Art MarketPlace) and HashMasks (Collectibles) projects also contributed, the value of an artwork sold on SuperRare increased from $ 1,232 to $ 12,166.

The increase in the NFT sector is due to the attention it is attracting recently as it seems like the next big thing in the crypto space. Records on Google Trends data show that the volume of searches for ‘NFT’ increased greatly from the range of 0-100 since the beginning of the year showing the level of public interest in recent times.

Despite the huge drops in average prices from February last year, 2021 came with a turnaround as the over $ 2billion sales of NFTs are an indication of interest from the public. Reports on NonFungible.com also mentioned that there was a ratio of 73,000 buyers to 33,000 sellers, showing that more people want to purchase these and those who have are not planning to sell but continue keeping.

NFT Sales Jump From $93M to Over $2B in Three Months
https://cryptonews.net/538314/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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NFT Sales Jump From $93M to Over $2B in Three Months
« on: April 14, 2021, 05:42:34 PM »

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Offline raymond_kloyth

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #1 on: November 26, 2021, 04:38:27 PM »
Exsports must have noticed a gap in the sports industry, because I've recently heard that athletes from more than 30 sports will create a platform where they can buy, sell, and trade their NFTs.

Offline borealis

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #2 on: November 26, 2021, 05:02:13 PM »
Nfts and the metaverse are becoming a part of our life and will eventually engulf us. Exsports may try to strive to be the first in this field by developing projects that will revolutionize sports.

Offline mysteriousluck

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #3 on: November 26, 2021, 05:08:23 PM »
Exsports must have noticed a gap in the sports industry, because I've recently heard that athletes from more than 30 sports will create a platform where they can buy, sell, and trade their NFTs.

Indeed, you may be correct. Every branch of society has individuals that are involved in, follow, or simply enjoy sports. This translates to a large number of people interested in receiving NFTs from athletes from various sports. Exsports' move may result in boost in the nft market.

Offline Seth_Cooper

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #4 on: November 29, 2021, 11:01:51 AM »
It made me happy to realize that there were so many other sports fans who were looking forward to the same thing as me. When Nft is expected to be involved in every industry, it would be unthinkable for nft to neglect sports. There are more than 30 sports branches on exsports, thus I believe they are aiming to be the finest NFT platform.

Offline mike_edrick

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #5 on: January 07, 2022, 09:25:14 AM »
The interest in cryptocurrencies is increasing day by day and the number of investors is increasing. I think that it can be invested after examining the projects well and catching the trends. As you said NFT sales increased a lot this year.Therefore, coins like POLO, which pumps more than 300%, may be a good option.

Offline Pandora199

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #6 on: January 12, 2022, 09:07:26 AM »
Interest in NFT marketplaces has started to increase. For example, NftyPlay has attracted great attention even after the published testnet. NFTs will be something that is bought and sold much more in 2022.

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Re: NFT Sales Jump From $93M to Over $2B in Three Months
« Reply #6 on: January 12, 2022, 09:07:26 AM »


 

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