NFT Sales Volume Surpasses $2.5 Billion in 2021

July 8, 2021 at 12:57 AM GST updated: July 9, 2021 at 01:28 AM 1 min read News

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.

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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.

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.

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