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NFT sales boom, but ownership is highly concentrated
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Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.
Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the beginning of 2021, the collectible NFT market started with a total sales volume of $55.5 million. It has since ballooned to $5.6 billion. As reported by Reuters, total NFT sales volumes jumped
Read more on cointelegraph.comAbout this in other media
Metaverse Spurs USD 100M In Weekly Land Plot NFT Sales cryptonews.com /2 years ago
UK house prices remain turbo-charged while sales that support market have fallen theguardian.com /2 years ago
NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph Research cointelegraph.com /2 years ago
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