Off the chain: NFT market surges to $2.5B so far this year
Al Jazeera
The market for non-fungible tokens (NFTs) blew up this year, compared to last year’s $13.7m in the first half of 2020.
The market for non-fungible tokens (NFTs) surged to new highs in the second quarter, with $2.5bn in sales so far this year, up from just $13.7m in the first half of 2020, marketplace data showed. An NFT is a crypto asset, representing an intangible digital item such as an image, video, or in-game item. Owners of NFTs are recorded on blockchain, allowing an NFT to be traded as a stand-in for the digital asset it represents. Sales volumes have remained high after NFTs exploded in popularity early this year. Monthly sales volumes on OpenSea, a major NFT marketplace, reached a record high in June.More Related News