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27 February 2021

New report predicts NFTs will explode in popularity during 2021

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The second half of 2020 saw NFT sales increase by 200% to more than $9 million.

The value of highly-sought NFTs has similarly skyrocketed, with multiple NFT sales garnering more than $1 million each in February so far.

22, one collectible in the Cryptopunk series sold for 550 ETH, worth more than $1 million at the time of sale.

Nystrom noted the art industry has embraced NFTs, driving more than $120 million in sales from conception to December 2020.

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2021-02-23 05:36:10

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cointelegraph.com