NFT Sales Climb to $2.47B in First-Half 2021: Report

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 totalled $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.
  • Source

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