In 2021, the popularity of non-fungible tokens has grown exponentially. The rapid growth is also shown by the value of NFT. How the industry has developed in recent months and what to expect from it in the future.
August saw the second boom in the non-fungible token (NFT) sector this year. This is indicated by the multiple growth of the monthly trading volume on the OpenSea NFT marketplace. On August 30, the figure exceeded $ 3 billion, according to Dune Analytics.
This is almost ten times more than in July ($ 325 million).NFT tokens are unique and not divisible. Such tokens are used to confirm ownership of an object; they cannot be replaced without the consent of the owner.
CryptoPunks
One of the most popular collections in the NFT sector is CryptoPunks. The collection consists of 10 thousand digital avatars in the form of people, monkeys, aliens and other creatures. The most expensive token from the collection is considered "Alien" # 7523 ("Alien"), which was sold for $ 11.8 million at Sotheby's in June.
On August 23, it became known that Visa bought the CryproPunk # 7610 NFT token for $ 150 thousand. The company used the services of the first US federal-level cryptocurrency bank Anchorage. Visa did not interact with Ethereum to buy the token, but instead executed the transaction using fiat currency. CryptoPunk # 7610 is also stored by Anchorage.
Within an hour after the purchase of the NFT token by Visa, the authors of the CryproPunks collection sold over 60 NFTs. The cost of each token exceeded $ 200 thousand.According to CryptoSlam, on August 28, the daily trading volume of CryproPunks tokens exceeded $ 143.6 million.
EtherRock
In August, NFT tokens from the EtherRock collection, which was created in 2017 and consists of one hundred identical stone patterns, gained popularity. At the moment, NFT tokens from the collection are up for resale on various marketplaces. Their cost ranges from $ 96 thousand to $ 1.9 billion.
The total trading volume of EtherRock tokens exceeded $ 15.5 million (4.9 ETH), according to the OpenSea marketplace.
On August 8, an unknown person purchased a non-fungible token from the EtherRock collection for $ 135,000 (45 Ethereum at the time of purchase). On the same day, another NFT token EtherRock was purchased for $ 103.9 thousand (33 Ethereum at the time of purchase).
On August 22, TRON CEO Justin Sun announced the purchase of an NFT token from the EthereRock collection for $ 611,000 (187 ETH). The purchase was also confirmed by the APENFT service, to which Sun transferred the token for storage.
Bored ape yacht club
As of August 28, the Bored Ape Yacht Club NFT project raised $ 96 million in a public sale of 10 thousand tokens and gave a free distribution of a similar number of special "potions" to the owners of NFTs from the collection. Potions provide an opportunity to create a new token from the collection. Thus, the number of tokens in the collection can double.
Bored Ape Yacht Club is a collection of 10,000 monkey drawings of NFT tokens issued on the Ethereum blockchain.
The non-fungible token from the Bored Ape Yacht Club collection was bought by NBA player Stephen Curry for $ 180,000 (55 ETH). The basketball player installed the purchased picture on the avatar of his profile on the Twitter social network.
The daily trading volume of Bored Ape Yacht Club tokens on August 28 exceeded $ 55.6 million. Since August 22, this figure has grown by 782%. At the moment, the most expensive NFT token from the collection is sold for $ 3.1 billion (999.9 thousand ETH).
"NFT will still make a revolution in many areas of our life, just talking about the direction in the context of investments, in my opinion, is still pointless",