Non fungible tokens are taking over, literally. With sales topping 2.5 billion USD in the first half of 2021, the future in NFTs is imminent.
According to DappRadar, NFT sales increased over 13.7 million for the same period in 2020 as compared to 2021. The record month however has been June 2021 where sales topped $150 million in sales for the OpenSea NFT marketplace ranging between 10,000 and 20,000 per week since early March.
The largest NFT sale to date has been by renowned artist Beeple, with his “Everydays: The First 500 Days” auctioning for $69 million dollars in March following the Christie’s auction.
Out of all the NFT’s, collectibles and sports-themed NFT’s are the most popular with digital art coming in third place with almost 300,000 sports-related tokens having been sold in the first half of the year compared to 124,000 for art.
Another type NFTs making massive strides is the world of digital fashion. BNV is driving a unique approach in digital fashion and the metaverse space by allowing designers, brands and collectors to thrive through fully digitalised fashion. Learn more here.