NFT Sales Climb to $2.47B in First-Half 2021: Report
Non-fungible token (NFT) sales rose to $2.47 billion in the first half of 2021, according to data by DappRadar.
- Sales in the second quarter were $1.24 billion, only slightly eclipsing the first-quarter figure of $1.23 billion, Reuters reported Tuesday, citing DappRadar data.
- The figures dwarf those of first-half 2020, when NFT sales totaled $13.7 million, Reuters said.
- This surge represents the explosion in interest around NFTs in the last 12 months, buoyed by platforms such as NBA Top Shot, which have enjoyed considerable popularity.
- The figure for total sales also varies depending on which transactions are included. DappRadar's figure contrasts with NonFungible.com's calculation of $1.3 billion. Neither site tracks "off-chain" transactions, which must be added manually to their data and can lead to disparities.
- It is not clear whether NFT sales have peaked. Sales on NFT platform OpenSea hit a record high of around $150 million in June.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
