Record $900 million month for NFT sales as CryptoPunks go stratospheric
Almost $400 million has been spent on CryptoPunks over the past 30 days. August is shaping up to be a record month for nonfungible token sales with almost $900 million spent on them over the past 30 days.According to data from the tracking portal Nonfungible, $896 million has been spent on NFTs over the past 30 days. The number is very likely to exceed $900 million by the end of the month marking a new record for the burgeoning industry.The number is more than triple the previous best month for NFT sales in May when $255 million were sold. August has seen sales skyrocket and it has been....
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In 2021, there’s no doubt that non-fungible token (NFT) collectibles have been extremely popular and NFTs have made billions in sales during the last year. For instance, in the last month Opensea saw $3.44 billion in NFT sales, Axie Infinity saw $838 million, and the pixelated NFTs Cryptopunks saw $653 million in sales. However, there are plenty of NFT skeptics who wonder why JPEGs are selling for millions in ether, and some have suspected auctions and sales could be bolstered by shill bidding or rigging. While NFT Market Values Swell, Skeptics Wonder Why JPEGs Sell for Millions....
Discover Cointelegraph's top picks for nonfungible token projects with the largest trading volume and communities. Nonfungible token, or NFT, became such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its word of the year and Google searches for NFTs spiked to record levels.Behind the term is a market that approaches $17 billion, according to Cointelegraph Research. And the NFT marketplace OpenSea is responsible for processing most of these transactions, with a trading volume that recently surpassed $10 billion.NFTs’ potential reaches far beyond art to....
On Saturday, August 28, the non-fungible token (NFT) project Cryptopunks crossed $1 billion in all-time sales. Cryptopunks joins the heavyweight NFT hitters Axie Infinity’s $1.6 billion and Opensea’s $3.53 billion. Three NFT Projects Have Sold More Than a Billion-Dollars in Sales The non-fungible token project Cryptopunks is now a billion-dollar NFT collection as statistics show all-time sales tapped $1.095 billion, according to dappradar.com data. Cryptopunks has a bunch of records on dappradar.com’s “top sales” page, in terms of NFT sales. Cryptopunks....
From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes. Non-fungible token sales are booming and top marketplaces are seeing record volume levels.The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam.CryptoSlam also reported that a large portion of trading is now taking place on secondary markets indicating that crypto collectibles are changing hands more often.Over $100M+ in crypto collectibles (NFT) sales, last 30 days....
Earlier today, the owner of the non-fungible token CryptoPunks #6046 declined a bid of $9.5 million dollars in Ethereum (ETH), which would have been the highest on-chain NFT transaction to date. The bidder, who goes by an ENS of poap.eth, placed the record-setting bid after the CryptoPunks owner tweeted: “My punk is not for sale. Don’t care what anyone offers me.” CryptoPunks is an NFT collection of 10,000 randomly generated images created by Larva Labs, and is widely touted and recognized as the #1 collection across the entire NFT space. Related Reading | Cryptopunks are Headed to....