A person takes a photograph in front of a play by Mashkow, during a press preview on March 25, 2021 of the inauguration of the Superchief Gallery NFT, a physical gallery dedicated exclusively to the NFT (non-fungible chips) artwork in New York.
Timothy A. Clary | AFP | Getty Images
Sales of non-fungible digital chips rose to more than $ 2 billion in the first quarter – more than 20 times the volume of the previous quarter, according to a NonFungible.com report.
Transactions were $ 93 million in the fourth quarter of 2020, according to the website, which tracks NFT transactions and markets.
Its first-quarter total does not include NBA Top Shots sales – the most important videos that are turned into NFT and traded. They trade on the Flow platform and accumulated sales of $ 472 million in the first quarter, according to NonFungible.com. It also does not include the $ 69 million NFT sold by Beeple to Christie’s in March, as it was traded through a partnership with Nifty Gateway.
Despite recent data showing a sharp drop in average prices in February, sales of NFTs at the beginning of the year showed an explosion of interest and buying. NonFungible.com said there were more than twice as many buyers than sellers in the first quarter, with 73,000 buyers out of 33,000 sellers. The imbalance, according to the company, “is a signal of massive interest for newcomers, but also the desire of current owners to keep their assets, which creates a phenomenon of lack of market.”
A digital paper featuring the HP Baxxter Scooter frontman is up for auction on a website. Scooter will be the first band in Germany to release animated digital artwork to accompany Scooter’s new album “God Save the Rave” starting April 9th. The artwork will receive a certificate of authenticity using NFTs, non-fungible chips that cannot be manipulated.
Jens Kalaene | image alliance | Getty Images
There were almost 150,000 active wallets in the first quarter – more than 1.5 times the number a year ago.
NonFungible.com said the industry is largely dominated by art segments and collections, and especially by projects such as CryptoPunks and SuperRare.
Despite recent price declines from February highs, NonFungible.com said the average price of NFTs “rose significantly” in that quarter, with a work of art at SuperRare selling for an average of $ 1,231 in the fourth. quarter and $ 6,585 in the first quarter on the secondary market.