Non-fungible token sales (NFT) are booming, and top markets see record volumes of volume.
This milestone was recorded by co-founder Matt Huang of crypto asset investment firm Paradigm and data tracker CryptoSlam.
CryptoSlam also reports that the majority of transactions are currently taking place on secondary markets showing more crypto collectibles being traded more frequently.
Among them, the NBA Top Shot basketball-related collection launched in October 2020 is the best-selling NFT platform with $ 5.8 million moved in the last 24 hours and a whopping 68.5 million. dollars in the past 30 days.
Top Shot represents the first time the NBA has entered into a blockchain-powered licensing agreement. Speaking to ESPN, the NBA Association’s vice president of licensing Adrienne O’Keeffe said:
“Blockchain is unique. It can provide value to intellectual property owners. We believe that blockchain technology has the power to maintain and hold great promise for our business.
Hashmasks and CryptoPunks are second and third in terms of sales according to data provider NFT. Switzerland-based Hashmask hosts a unique collection of digital portraits created by a collective of more than 70 artists. Over $ 8 million has been sold over the past 7 days and a rare one has been sold for $ 650,000 ETH earlier this month, according to a tweet.
CryptoPunks is algorithmically generated 24 × 24 pixel art and sales are soaring with $ 1.5 million moved in the last 24 hours and $ 13.4 million in the week according to CryptoSlam. One of the works sold for a whopping 605 ETH in late January.
Virtual land sales are also booming, and the NFT for plots in Axie Infinity hit $ 1.5 million on Feb. 8, setting another new record.
According to The Defiant, citing data from Dune Analytics, the NFT SuperRare marketplace has recently totaled $ 10 million in sales, with about 22% of these being secondary.
The top market for NFT resale is OpenSea, which rose 400% in volume in February when it rose from $ 8 million to $ 32 million.
Nifty Gateway is the leading cryptocurrency art market and its volume is on track to break the previous record of $ 8.7 million 30 days earlier. So far this month, Nifty has generated more than $ 6 million in revenue from NFT.
The 17 highest priced crypto collections have all been sold in the past 30 days with a total value of over $ 100 million.