NFT sales boom, but ownership is highly concentrated
There were two surges in the market this year that also coincided with solid spikes in internet searches for the term “NFT.” Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the beginning of 2021, the collectible NFT market started with a total sales volume of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, total....
Related News
PRESS RELEASE. Binstarter Protocol; the first and only Insurance Policy Protected IDO Launchpad Protocol is proud to announce to the crypto world that their highly anticipated public sales date has been scheduled on Aug 4th. According to former data collected on the seed sales, the upcoming public sales will have the biggest number of participants. During the seed sales, upwards of 14,500 individuals participated in whitelisting and only 1000 successfully whitelisted to buy BSR tokens. With 13,500 people that did not have a chance to purchase BSR tokens, the public sales are projected to....
The DeFi boom has given rise to a new trend that needs no introduction — non-fungible tokens, or NFTs. The frenzy for digital collectibles which surfaced as a part of the DeFi boom does not seem to be slowing down anytime soon. In fact, the average number of NFT sales has risen from 21,815 per […]
The non-fungible token industry is firing on all cylinders thanks to innovative projects. The number of sales is skyrocketing week over week, and new ventures pop up regularly. Wicked Cranium is a relatively new project, but one that seemingly has tremendous potential for the future. NFT Sales Continue To Boom All across the non-fungible token […]
Crypto assets are enjoying the lenient stance that the United Kingdom government is maintaining regarding ownership, usage and trading of digital currency assets. Unlike countries such as Algeria, Bangladesh, Bolivia, Egypt, Indonesia and Ghana where virtual currency is banned, the UK left its doors open for the highly volatile asset class. The study results are […]
Concentrated liquidity has become the latest trend in the DeFi world with several projects shifting to the new liquidity model on various blockchains. Decentralized exchange (DEX) protocols have become a key part of the decentralized finance (DeFi) ecosystem where liquidity and liquidity providers play a pivotal role in keeping the vastly growing space moving.While DEX protocols have seen billions in daily trading volume, the liquidity market is making a gradual shift from traditional liquidity methods toward concentrated liquidity. Earlier liquidity was distributed uniformly along the....