Sales volumes have remained high after NFTs exploded in popularity at the start of 2021
Industry growth is expected to continue, driven by the rising demand for blockchain games, and digital shift accelerated by Covid-19, with NFTs also providing a new secured model of creative monetization for artists
Several noteworthy NFT sales helped to raise the awareness of NFTs in 2021
Google Trends data showed relative all-time popularity for the search term ‘non-fungible token’ rising from 0 in November and December to 30 in February and 100 in March 2021
Record-breaking figure paid for ‘The First 5,000 Days’, a digital artwork by Beeple
Paid for the first tweet sent by Twitter CEO Jack Dorsey through an auction
Price of nine ‘plots of land’ sold in a bundle within the blockchain game Axie Infinity.
Note: (1) DappRadar tracks on-chain NFT sales across multiple blockchains including Ethereum, Flow, Wax, and BSC.
Source: Reuters, DappRadar, Invezz and Newzoo