A person takes a photo for a piece of Mashkow, during a press preview on March 25, 2021 of the grand opening of Superchief Gallery NFT, a physical gallery exclusively dedicated to NFT (non-fungible tokens) artworks in New York.
Timothy A. Clary | AFP | Getty images
Sales of digital intangible tokens rose to more than $ 2 billion in the first quarter – more than 20 times the volume of the previous quarter, according to a report from NonFungible.com.
According to the website, which tracks NFT transactions and marketplaces, there was $ 93 million in transactions in the fourth quarter of 2020.
The first quarter total excludes the sale of NBA Top Shots – the video highlights that convert into NFTs and trade. They trade on the Flow platform and posted first quarter sales of $ 472 million, according to NonFungible.com. It also does not include the $ 69 million NFT that Beeple sold at Christie’s in March as it was traded through a partnership with Nifty Gateway.
Despite recent data showing a major drop in average prices from February, NFT sales showed an explosion in interest and buying at the beginning of the year. NonFungible.com said there were more than twice as many buyers than sellers in the first quarter, with 73,000 buyers ahead of 33,000 sellers. The imbalance is, according to the company, “a signal of tremendous interest in new entrants, as well as the desire of current owners to maintain their assets, creating a phenomenon of scarcity in the marketplace.”
A digital artwork featuring Scooter frontman HP Baxxter is up for auction on a website. Scooter will be the first band in Germany to release digital animated illustrations for the new Scooter album “God Save the Rave” starting April 9th. Artwork is certified authentic using NFTs, Non-Fungible Tokens, which cannot be manipulated. .
Jens Kalaene | photo alliance | Getty images
There were almost 150,000 active wallets in the first quarter – more than 1.5 times the number of a year ago.
NonFungible.com said the industry is largely dominated by the arts and collectibles segments, and in particular projects such as CryptoPunks and SuperRare.
Despite the recent price drops from its February highs, NonFungible.com said the average price of NFTs “rose significantly” during the quarter, with artwork on SuperRare averaging $ 1,231 in the fourth quarter and $ 6,585 in the first. quarter was sold. quarter on the secondary market.