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27 September 2020

NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week | Bitcoin News

NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week | Bitcoin News


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NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week.

While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020.

Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during the last seven days.

One idea called the non-fungible token (NFT), also known as a ‘nifty,’ has gathered a lot of steam since the verifiable digital scarcity concept was first introduced.

Data from nonfungible.com shows that during the last seven days, there were 9,353 sales total and $988,649 in NFT trade volume.

The fantasy soccer game Sorare allows players to collect “limited edition digital collectibles” while also managing a team, has seen $221,052 in sales this week.

The Twitter thread written by Dclblogger also mentioned a number of other NFT innovations including games that allow people to collect extensible items like skins, weapons, and clothes.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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