Top 3 NFT brands sales grew 381% in February
The NFT explosion is one of the most talked about events for crypto in 2021, with sales from several platforms breaking records on a weekly basis. NFTs had their best month ever in February, according to a report by DApp statistics trackers at DappRadar. Sales volume from the top three platforms grew to $342 million in February, up almost 400% from the $71 million recorded the month before.Sports memorabilia platform NBA Top Shot dominated the sector and is now responsible for 67% of total NFT transaction volume. The other NFT DApps in the top three are OpenSea, a general crypto....
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Businesses and brands are regularly looking for ways to improve their bottom line and increase sales. An increase in sales and “basket size”, is often achieved by not only getting new customers but retaining the existing ones too. When looking at the way businesses and brands are trying to achieve this, we regularly see the following: Loyalty programmes, online stores that allow for 24/7 sales, and of course jumping on to various social media channels, whether they are relevant or can even be managed – you name it businesses and brands are trying it. There is a clear level of FOMO (fear of....
The NFT sector is growing rapidly, with NFT marketplaces seeing a huge increase in volume. Investors and analysts explain what’s coming next. According to data from Messari, the NFT marketplace sales volume grew by 2,882% in February. It dwarfed the increase in monthly sales volume in any given month throughout the past three years. The fast growth of the NFT market follows high-profile auctions of nonfungible tokens led by Sotheby’s and other recognizable brands, such as Time Magazine, which is planning to auction three NFTs in the coming month.The NFT sector has begun to see explosive....
Nonfungible tokens give major brands new ways of interacting with their consumers spanning art, fashion and gaming. The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of digital collectibles. Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from Dune Analytics that was first reported by NFTGators. Nike’s NFT drops have amassed $185.3....
Musicians are turning their attention to the power of blockchain as a way of generating more revenue in an industry that is experiencing a decline in shares. According to the British Phonographic Industry (BPI), 2015 saw music sales rise by 3.7% driven by the fact that streaming grew by a massive 82%; however, despite this, revenue increases only grew by a tiny 0.6%. Unsurprisingly, the music industry is keen to shake things up ensuring that musicians receive the money they are entitled to for music sales. What, though, could help to revolutionize the music industry? Enter blockchain.....
Auction and sales website eBay will reportedly be opening a virtual currencies section come the 10th of February, according to a statement released today by the company. The company says that they'll be allowing virtual currencies to be posted on the service's classifieds website from the above-date onward. Until then, these sorts of sales are not permitted. "To promote a trustworthy marketplace and ensure compliance with applicable regulations, eBay is currently updating its Currency Policy. The updated policy will clarify that listings for Bitcoin and other similar virtual currencies....