The sales of uncontaminated tokens (NFT) rose to a record high in the first half of 2021.
According to DappRadar, there was $ 2.5 billion in NFT sales for the first six months of this year, a huge increase from the $ 13.7 million in the same period in 2020.
Citing statistics from Dune Analytics, Reuters reports that June was a record month for the OpenSea NFT market with sales of nearly $ 150 million. That is almost a thousand percent more than the sales figures for all stores in the first half of the previous year.
NFT buyers and enthusiasts consider them to be unique digital collectibles with intrinsic value because of their cultural significance. Others just treat them as investments and speculate on rising prices.
According to NonFungible.com, which aggregates Ethereum-based NFT transactions, there have been between 10,000 and 20,000 buyers a week since early March. Tracking and discovery platform NFT reports that it generated $ 1.3 billion in revenue during the reporting period, but excluded about $ 8 billion in DeFi-based NFTs.
The biggest NFT sale to date was well-known artist Beeple with his piece “Everyday: The First 500 Days”, which fetched an incredible 69 million US dollars after a Christie’s auction in March.
Sales metrics from analytics platforms like DappRadar only track transactions in the chain, which means that for auctions that are sold in an auction, some of the transaction can happen out of the chain, so they should be added to the data manually, Reuters noted.
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Collectibles and sports-related NFTs are the most popular with digital art, according to Nonfungible data, ranking third. Nearly 300,000 sports-related tokens were sold in the first half of the year, compared to 124,000 for art. The latest number for June 6 reports just 140,000 total NFT sales for the day for Ethereum-based tokens.
As Cointelegraph reported in June, the NFT transaction volume has increased more than 25-fold since December 2020 as they usher in a new paradigm of interaction with culture, music, sports and media.
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