NFT sales brought in $ 25 billion in 2021

5

In the last two quarters of 2021, sales of non-fungible tokens (NFTs) increased. They amounted to $ 10.7 billion in the third quarter, then to $ 11.6 billion in the fourth.

NFT

The year 2021 will go down in the annals of the crypto-sphere as the year of the emergence of NFTs, these certificates of authenticity that make it possible to acquire a digital object. Almost unknown to the general public a few months ago, the sector has aroused the enthusiasm of avid digital art collectors, artists eager to regain control of their works or even speculators in search of a strong return on investment. In this context, NFT’s sales volume reached $ 24.9 billion in 2021, compared to almost $ 94.9 million a year earlier, according to figures released by DappRadar, which collects data on a dozen blockages different, with Reuters.

It was especially in the last two quarters of the year that sales increased sharply. After the first two quarters accumulating only $ 2.5 billion in sales, the latter totaled $ 10.7 billion in the third quarter, then to $ 11.6 billion in the last quarter of the past year. According to data from OpenSea, an online marketplace dedicated to these non-fungible tokens (non-fungible tokens) to issue certificates of authenticity which are considered inviolable thanks to: blockchainsales peaked in August before declining for the next three months, then rising again in December.

NFT

An NFT sells for between $ 100 and $ 1,000 on average

It should be noted, however, that sales of NFT works of art organized by auction houses, such as Sotheby’s and Christie’s, are not taken into account. Last year, Christie’s in particular saw a completely digital work by the American crypto artist Beeple go for $ 69.3 million. On its side is the NonFungible.com site, which focuses only on blockchain Ethereum estimated NFT sales at $ 15.7 billion in 2021.

Advertising, your content continues below

In addition to the amounts, the number of portfolios that have exchanged NFTs in the last twelve months is a cause for concern. According to DappRadar, about 28.6 million wallets traded with these cryptocurrencies last year, compared to just 545,000 in 2020. While Beeple’s work brought in $ 69.3 million, a market record. .

Sorare and Facebook want to take advantage of this new windfall

NFT craze has allowed multiple players to leverage it to capture some of the $ 30 billion invested in cryptocurrencies in 2021 by venture capital funds around the world. Thus, Drapper Labs, the NFT platform behind CryptoKitties (virtual cats to buy and resell) and the NBA Top Shot (virtual cards from players or videos of a highlight of a basketball game), first closed a $ 305 million round in March with prestigious investors like Michael Jordan and Will Smith before raising another $ 250 million in September with a valuation of over $ 7 billion. In France, the startup is Sorare, which combines fantasy football and blockchainin turn, signed the largest fundraiser in French Tech’s history in September with a $ 680 million Series B series.

After a year in 2021, when NFT sales picked up speed, these could become even more significant in the coming years, especially with the advent of the meta-verse, which is destined to become a true digital study of the physical world. “The metavers are a gift for the development of NFTs that present themselves as useful objects in open worlds. I see many perspectives in play, provided we agree to integrate the part of speculation inherent in this type of asset. “Not everyone is in favor of it, but games like Sorare or Axie Infinity have shown that there is a market for it.”assessed Grégory Raymond, a journalist specializing in cryptocurrencies, in an interview conducted by Digital. But he warns about Facebook’s appetite for the sector, due to “a metavers and the NFTs that make it up have value if they are part of a decentralized world”. Gold, “Facebook is the office of centralization”it is not heading in the right direction.

Advertising, your content continues below

Advertising, your content continues below

Leave a Comment