{"id":69850,"date":"2021-10-05T17:39:52","date_gmt":"2021-10-05T15:39:52","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=69850"},"modified":"2021-10-06T11:50:17","modified_gmt":"2021-10-06T09:50:17","slug":"nft-sales-reach-10-7-billion-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/nft-sales-reach-10-7-billion-in-the-third-quarter\/","title":{"rendered":"NFT sales reach $10.7 billion in the third quarter"},"content":{"rendered":"<h4>NFT sales volume jumped to $10.7 billion in the third quarter of 2021, an eightfold increase over the previous quarter, according to data from market tracker DappRadar, as the crypto-asset frenzy hits new highs.<\/h4>\n<h4><!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>As a reminder, <strong>NFTs<\/strong> use a <strong>blockchain<\/strong> to register ownership of digital objects such as images, videos and collectibles. The surge in sales and high prices of <strong>NFTs<\/strong>\u00a0have confounded many, but their explosive and almost exponential growth shows no sign of slowing down yet.<\/p>\n<p>&nbsp;<\/p>\n<p>In the second quarter of 2021, <strong>NFT<\/strong> sales reached $1.3 billion, while they were $1.2 billion in the first quarter of this year, according to data from <strong>DappRadar<\/strong>. In <strong>NFT&#8217;s<\/strong> largest market, <strong>OpenSea<\/strong>, sales volumes reached $3.4 billion in August. Activity remained strong in September as financial markets weakened.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Crypto-currency<\/strong> price gains during the Covid-19 pandemic are often cited as one of the drivers of <strong>NFT<\/strong> market growth, as people often use <strong>crypto-currencies<\/strong> to buy <strong>NFTs<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>Certainly, estimates of the size of the <strong>NFT<\/strong> market vary depending on what is included. Transactions that take place &#8216;off-chain&#8217;, such as art sales at auction houses, are often not included in the data. In contrast, <strong>DappRadar<\/strong> includes these figures in its calculations, unlike other platforms such as <strong>CryptoSlam<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>However, despite the growth of the market, the number of <strong>NFT<\/strong> buyers remains relatively low. For example, only 265,927 active wallets were trading <strong>NFTs<\/strong> on the <strong>Ethereum<\/strong> blockchain in the third quarter, <strong>NonFungible.com<\/strong> reported.<\/p>\n<p>&nbsp;<\/p>\n<p>Gaming-related <strong>NFTs<\/strong> also increased, with <strong>Axie Infinity blockchain<\/strong>-based game leading the play-to-earn sector with $776 million in revenue in the third quarter, <strong>DappRadar<\/strong> said.<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/after-hublot-and-jacob-co-patek-philippe-joins-the-nft-scene\/\">AFTER HUBLOT AND JACOB &amp; CO, IT\u2019S PATEK PHILIPPE\u2019S TURN TO JOIN THE NFT SCENE<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NFT sales volume jumped to $10.7 billion in the third quarter of 2021, an eightfold increase over the previous quarter, according to data from market tracker DappRadar, as the crypto-asset frenzy hits new highs.<\/p>\n","protected":false},"author":1,"featured_media":69870,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"NFT sales volume jumped to $10.7 billion in the third quarter of 2021, an eightfold increase over the previous quarter.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"NFT,Market,DappRadar,OpenSea,Blockchain,CryptoSlam,Ethereum,Crypto-currencies","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-69850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/69850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=69850"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/69850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/69870"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=69850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=69850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=69850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}