News from the digital and NFT world – 7 JULY 2021
Every day, Art Rights Magazine selects the best news from the world of digital art, to stay up to date!
The sale of NFT rises to $ 2.5 billion in the first half of 2021
According to the latest data made available by DappRadar, a site that tracks NFT sales across multiple Blockchains, the crypto market has risen further in the second quarter of 2021 with $ 2.5 billion in sales so far, compared to just $ 13. 7 million in the first half of 2020.
Sales volumes have continued to remain high since March of this year: according to NonFungible.com, the sales figure would be $ 1.3 billion, excluding approximately $ 8 billion of NFT DeFi.
However, both sites only track the sales that take place on the blockchain, also known as “on-chain” transactions: this excludes the so-called “off-chain” transactions from the count, like all the millionaire auctions held in this period; this means that the sales volume is even higher than that declared by the sites.
However, not all markets have seen growth: the US National Basketball Association’s NBA Top Shot marketplace, for example, which allows fans to buy and trade NFTs in video form, has seen volumes shrink and buyers drop to 246,000 a June from 403,000 in March. The average price of a “moment” Top Shot plummeted to $ 27 in June, after reaching a peak of $ 182 in February.