Source | IcoNow
Sales of digital nonfungible tokens soared to more than $2 billion in the first quarter – more than 20 times the volume of the previous quarter, according to a report from NonFungible.com
There were $93 million in transactions in the fourth quarter of 2020, according to the website, which tracks NFT transactions and marketplaces.
Its first-quarter total does not include sales of NBA Top Shots – the video highlights that are being turned into NFTs and traded. Those trade on the Flow platform and racked up sales of $472 million in the first quarter, according to NonFungible.com. It also does not include the $69 million NFT sold by Beeple at Christie’s in March, since it was traded through a partnership with Nifty Gateway.