NFT sales top $2.5B in first half of 2021

NFT sales top $2.5B in first half of 2021

NFT sales in June alone have eclipsed those for the entire first half of 2020 for the OpenSea marketplace. Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021.There has been $2.5 billion in NFT sales in the first six months of this year according to DappRadar, a massive increase over the $13.7 million in sales for the same period in 2020.Citing stats from Dune Analytics, Reuters reported that June has been a record month for the OpenSea NFT marketplace with almost $150 million in sales. This is almost a thousand percent higher than the sales figure for....


Related News

Blockchains vie for NFT market, but Ethereum still dominates — Report

Ethereum leads the NFT market, generating more than 97% of recent sales as Flow, Polygon and WAX mount an opposition. This month, Cointelegraph Research will release a comprehensive report on nonfungible tokens, discussing NFTs in detail and providing a detailed guide to getting into this market. In collaboration with multiple partners — including Enjin, NFTBank, The Sandbox and others — the report will evaluate the technology behind NFTs, their regulatory challenges, and their prospective growth and current market positions. The report will also outline the hurdles that the market may....

$8m USD in NFT Sales, $38k price for an NFT?! What are Wicked Cranium NFTs?

According to data from NFT market analyst NonFungible, NFT sales have nearly tripled in value since Q3 2021, rising from a 7-day average of $16.8 million worth of sales, to just over $44.3 million. The astronomical figure follows a surge in activity in the space that saw sales peak at $176 million per day earlier […]

Selling Lord Kek Dust — 2016 Rare Pepe NFTs See Fresh Demand Going for Thousa...

During the first half of the year, non-fungible token (NFT) sales surged to $2.5 billion in 2021, and trade volume shows the trend hasn’t slowed down. For instance, July saw a record $363 million spent on approximately 157,801 NFT sales. Meanwhile, as new NFTs enter the space every day, older Rare Pepe NFTs from 2016 are making a comeback and are being sold on the Opensea marketplace for top dollar. New Dispenser Technology Makes Old School Counterparty NFTs Accessible on Today’s Most Popular Marketplaces Non-fungible token (NFT) sales have been all the rage these days as....

Are NFT Sales Susceptible to Shill Bidding? NFT Skeptics Think It’s Possible

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....

New report predicts NFTs will explode in popularity during 2021

NFTs are pumping right now, with a new report identifying more NFT sales in the last 24 hours than during the entirety of 2020. Canadian-based analytics company NonFungible has released a report predicting that 2021 is poised for “a new Bull Market in the NFT industry.”Although NFTs have been around since ERC-721 was invented by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs in January 2018, the sector largely remained an obscurity outside of hardcore crypto circles until the latter part of 2020. The second half of 2020 saw NFT sales increase by 200% to more than $9....