NFT Sales Volume Surpasses $2.5 Billion
  • The total NFT sales volume has surpassed $2.5 billion so far in 2021.
  • The most expensive NFT ever sold was worth $69.3 million.
  • NFTs are unique just like human DNA.

The sales volume of non-fungible tokens (NFTs) has recently exceeded the $2.5 billion mark so far in 2021, according to Reuters. The surge in volume is due to many buyers who speculate that their purchase will yield even more worth in the future. Others, meanwhile, buy the tokens due to their intrinsic quality.

The meteoric rise is a surprise to many, given that the total NFT sales in the same period in 2020 only amounted to $13.7 million. Today, various artists and influential personalities have sold NFTs via auctions through dedicated marketplaces.

At the time of writing, the most expensive NFT sold is Everydays: the First 5000 Days by Beeple. The said NFT art was worth a whopping $69.3 million, and was sold at an auction house named Christie’s. 

Everydays: the First 5000 Days by Beeple

NFTs have a perceived value due to their uniqueness. Ordinary tokens like cryptocurrencies have an exact make or composition. On the other hand, an NFT is as unique as a human DNA — no other NFT can be exactly the same with another.

Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.