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

2022/01/12 23:12:00

Money spent on NFTs last year is about equal to that pledged at COP26 or World Bank funding for Covid vaccines

Money spent on NFTs last year is about equal to that pledged at COP26 or World Bank funding for Covid vaccines

Money spent on NFTs last year is about equal to that pledged at COP26 or World Bank funding for Covid vaccines

ByElizabeth HowcroftFrom cartoon apes to video clips, sales of non-fungible tokens (NFTs) reached about $25bn (about R387bn) in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar show, though there were signs of growth slowing towards the end of the year.

Prices of some NFTs, crypto assets representing a digital item such as an image, video or even land in virtual worlds, rose so fast last year that speculators sometimes “flipped” them for a profit within days...This article is reserved for Sunday Times subscribers.

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NFTs leading a new form of piracy, and this artist says her work's been stolen thousands of timesThe artist said one unknown user listed her work thousands of times before OpenSea took down the listings.

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12 January 2022 - 19:51 By Elizabeth Howcroft From cartoon apes to video clips, sales of non-fungible tokens (NFTs) reached about $25bn (about R387bn) in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar show, though there were signs of growth slowing towards the end of the year.Thieves have stolen Aja Trier's artwork thousands of times to create digital tokens known as NFTs.A Caf executive committee meeting in Douala, Cameroon on Friday resolved to increase the prize money for the Covid-19-delayed Nations Cup by a total US$1.The department of transport held a massive roadblock on the busiest road in the country on the day most people are back at work.

Prices of some NFTs, crypto assets representing a digital item such as an image, video or even land in virtual worlds, rose so fast last year that speculators sometimes “flipped” them for a profit within days.. For example, one piece features the Las Vegas sign, and another shows a cow jumping over the moon.. The tournament kicks off in Yaounde on Sunday with the matches between hosts Cameroon and Burkina Faso (6pm SA time) and Ethiopia and Cape Verde (9pm), both at Olembe Stadium. This article is reserved for Sunday Times subscribers. In an email to Insider, she said 37 of the pieces were sold before OpenSea, the massive online marketplace for buying and selling NFTs, removed the listings. A subscription gives you full digital access to all Sunday Times content. Our roads are full of potholes.

Already subscribed? Simply sign in below. Great," she told Insider.” The new prize money will see the winners walk off with $5m (R78m), an increase of $500,000 (R7. Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details. . Another artist told NBC that asking marketplaces to take down NFTs with his stolen artwork became a daily chore before he finally gave up.