Web Analytics
Thursday, December 26, 2024

NFT Trading Volume Grew Almost 400 Times Over The Year

About 88% of the trading volume in the non-fungible token market was provided by the OpenSea marketplace ($ 12.5 billion)

In 2021, non-fungible token (NFT) trading volume exceeded $ 13 billion, according to The Block Research .

The indicator has grown almost 400 times compared to 2020 ($ 33 ​​million). 88% of the NFT trading volume (more than $ 12.5 billion) this year was provided by the OpenSea marketplace.

OpenSea is one of the largest NFT marketplaces that allows you to create your own non-fungible tokens and sell them. The trading platform was founded in 2017.

One of the largest and oldest auction houses in the world, Sotheby’s, which was founded in 1744, raised $ 100 million from the sale of NFT tokens in 2021.

At the same time, about 78% of bidders on NFT used Sotheby’s for the first time, and more than half of the participants in such auctions not yet 40 years old,

In 2021, the cryptocurrency industry attracted $ 30 billion in venture capital investments, which is more than has been invested in all the years of the sector’s existence. Previously, 2018 was considered a record year, for which the cryptocurrency industry received about $ 8 billion in investments.

Related Articles

Stay Connected

3,477FansLike
4,500FollowersFollow
1,200FollowersFollow
3,912FollowersFollow
1,222SubscribersSubscribe

Latest Articles

Random