The total traded NFTs has been reported to be at least 100 million USD in the last 30 days.
The high sales cover the NBA TopShots, Hashmasks, and CryptoPunks.
Major Signals
- NFTs are selling out fast.
- Sports Industries top NFT markets.
This incredibly high milestone for Non-fungible tokens was reported by Matt Huang, Co-founder of the Paradigm, a crypto asset investment body.
Huang uploaded the screenshot below. It indicates the latest information on the NFT market along with corresponding data from CryptoSlam.
CryptoSlam data also reveals that these tokens are being exchanged more than usual. This Analysis is due to the fact that the indicators show these tokens being exchanged over secondary market places.
The largest market can be found on the NBA top shots this is a basketball beast body set up in October last year. They top all of the markets with deer 5.8 million USD recorded only over the previous 24 hour time interval, and during these 30 days, a massive 68.5 million in asset shift was recorded.
The sports industry has by far driven most of the NFT market shifts. The licensing Vice President of the NBA explains as follows;
“Blockchain is unique. It can deliver value to intellectual property owners downstream. We do believe blockchain technology has staying power and a lot of promise for our business."
– Adrienne O'Keeffe
Next, we have Hashmasks, which comes second among worldwide NFT markets. This is Switzerland based digital art gallery with pieces tradable for digital tokens. They feature portrait pieces by over 70 artists. Just last week, the sell-out amounted to 8 million USD. Additionally, one rare work was sold for 665 USD earlier in the month of February.
Lastly, Cryptopunk takes the number three spot. These compromise of pixel art images typically 24x24. This a great NFT trading platform with over 1.5 million USD token shifts over the last 24 hours and ultimately 13.4 million USD over the previous seven days. There was even trade the previous month that amounted to 605 Ethereum.
Ultimately, NFT market places have been booming recently. Seventeen off-the-top high-value crypto collectibles have all been traded. This was recorded in the past 30 days to reeacg a total summation of over 100 million USD.