Blockchain

In 2021, Q1 NFT sales exceeded US $2 billion, a 20 times increase on a month on month basis

The following is the In 2021, Q1 NFT sales exceeded US $2 billion, a 20 times increase on a month on month basis recommended by recordtrend.com. And this article belongs to the classification: Blockchain.

According to the latest report, NFT’s sales exceeded $2 billion in the first quarter of this year, more than 20 times that of the previous quarter. That doesn’t include NBA top shot sales, which were $472 million in the first quarter of this year. NBA top shot is a blockchain collection game jointly created by NBA, nbpa and dapper labs, which turns the highlights of NBA games into a digital collection forever.

In addition, this does not include the $69 million NFT sold by the artist “beeple” at Christie’s because it was traded through a partnership with nifty gateway.

In the first quarter, people’s interest and purchase of NFT increased explosively. According to the report, the number of buyers in the first quarter was more than twice that of sellers, with 73000 buyers and 33000 sellers. This asymmetry indicates that the newcomers have a strong interest in NFT. But it also shows that existing investors want to keep their assets, which leads to market scarcity.

In the first quarter, the number of active wallets was close to 150000, more than 1.5 times that of a year ago. The industry is largely dominated by art and collectibles, especially projects such as cryptopunks and superrare, the report added.

Recently, the price of NFT has fallen from its peak in February. But the report noted that the average price of NFT remained “significantly higher” in the first quarter. In the fourth quarter of last year, the average price of a piece of art on superrare was $1231, compared with $6585 on the secondary market in the first quarter.

From cnBeta

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