Home Business NFT gross sales growth, however possession is extremely concentrated By Cointelegraph

NFT gross sales growth, however possession is extremely concentrated By Cointelegraph

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Buying and selling volumes throughout numerous verticals of nonfungible tokens (NFTs) have been on a tear this yr.

Mixed gross sales for collectible and artwork NFTs have reached $7.4 billion as of This fall 2021. The artwork NFT market has grown from $17.8 million on January 1 to $1.8 billion in complete gross sales as of Nov. 5, 2021. Firstly of 2021, the collectible NFT market began with a complete gross sales quantity of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, complete NFT gross sales volumes jumped from $1.3 billion in Q2 to $10.7 billion in Q3.