NFT sales hit US$25 billion in 2021, but growth shows signs of slowing

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LONDON : From cartoon apes to video clips, sales of NFTs reached some US$25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows, although there were signs of growth slowing towards the end of the year.Prices of some non-fungible tokens, crypto a

LONDON : From cartoon apes to video clips, sales of NFTs reached some US$25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows, although there were signs of growth slowing towards the end of the year.

Estimates of volumes vary by different data provider, depending on what is included. Transactions which take place 'off-chain', such as major NFT art sales at auction houses, are often not captured by the data. Sales peaked in August, then declined in September, October and November before picking up again in December, data from the biggest NFT marketplace, OpenSea, showed.

While the most expensive known NFT sale was US$69.3 million, a common price range was US$100 to US$1,000, NonFungible.com said.

 

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