NFT sales reached $ 2.5 billion in the first half, up more than 18,000% year-on-year
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The market for non-fungible tokens (NFTs) is booming, according to the latest data. Sales in this market reached $ 2.5 billion in the first half of the year, down from just $ 13.7 million a year ago, according to DappRadar.
On a month-to-month basis, sales hit new records in June, according to data from OpenSea. NFT shoppers have been purchasing between 10,000 and 20,000 items per week since March, according to NonFungible.com.
The NFT frenzy began in March when a digital artwork sold for nearly $ 70 million at Christie’s. Mike Winkelmann, known as Beeple, sold his work “Everydays – The First 5000 Days” for $ 69,346,250.
“Without NFTs there was simply no way to collect digital art. I really think this is going to be considered the next chapter in art history,” Beeple said.
“Stocks have been the predominant asset class for the last hundred years, or whatever. I don’t think there’s a guarantee it’s always going to stay that way. I think kids today hate it. companies … will automatically blindly give them their money to invest, I don’t know about that, “he added.
The sale of his digital work immediately placed Beeple in the top three of the most valuable living artists.