A person is photographed in front of a piece in Mashkow, during a press preview on March 25, 2021 of the grand opening of Superchief Gallery NFT, a physical gallery dedicated exclusively to NFT works of art. fungible) to New York.
Timothy A. Clary | AFP | Getty Images
Sales of non-consumable digital tokens rose to more than $ 2 billion in the first quarter, more than 20 times the volume from the previous quarter, according to a NonFungible.com report.
There were $ 93 million in transactions in the fourth quarter of 2020, according to the website, which tracks NFT transactions and markets.
First-quarter total doesn’t include NBA Top Shots sales – featured videos that become NFT and are marketed. These traded on the Flow platform and racked up $ 472 million in sales in the first quarter, according to NonFungible.com. Nor does it include the $ 69 million NFT sold by Beeple to Christie’s in March, as it was negotiated through a partnership with Nifty Gateway.
Despite recent data showing a sharp drop in average prices starting in February, NFT sales earlier this year showed an explosion in interest and purchases. NonFungible.com said there were more than twice as many buyers as sellers in the first quarter, with 73,000 buyers out of 33,000 sellers. According to the company, the imbalance “is a sign of massive interest for newcomers, but also of the desire of current owners to maintain their assets, which creates a phenomenon of shortage in the market.”
A digital artwork featuring the leader of the HP Baxxter Scooter can be auctioned on a website. Scooter will be the first band in Germany to release digital and animated animation works that will accompany Scooter’s new album “God Save the Rave” starting April 9th. The work will receive a certificate of authenticity through NFT, Non-Fungible Tokens, which cannot be manipulated. .
Jens Kalaene | alliance image | Getty Images
In the first quarter there were about 150,000 active portfolios, more than 1.5 times the figure a year ago.
NonFungible.com said the industry is largely dominated by the art and collecting segments, and specifically by projects like CryptoPunks and SuperRare.
Despite recent price falls relative to the February highs, NonFungible.com said the average price of NFTs “rose significantly” during the quarter, with a work of art on SuperRare sales averaging $ 1,231 on fourth quarter and $ 6,585 in the first quarter of the secondary market.