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Sunday, May 19, 2024

NFT News Update: NFT sales top 600 million US dollars

The trade in non-fungible tokens (NFT) is growing exponentially and more and more prominent people want a piece of the pie. At the same time, sales of tokens based on blockchain technology exceeded $ 600 million in sales for the first time in history – what happened this week? The NFT monitor.

NFT is booming and many cryptocurrencies associated with the novel tokens have gone through the roof in the past few weeks. The Flow (FLOW) , Enjin (ENJ) and Chiliz (CHZ) projects , which have grown between 500 and 1,000 percent since the beginning of 2021 alone , are particularly noteworthy .

But that’s not all, the entire NFT sector was able to reach another milestone this week and according to cryptoslam.io the total turnover with non-fungible tokens now amounts to over 600 million US dollars.

At the moment, the NBA Top Shot project from Dapper Labs is dominating the sector. With a total trading volume of over $ 335 million, the Flow blockchain-based NFT project currently outperforms all other blockchains.

$ 2.5 million for a tweet

The hype about individual NFT collectibles continues – thanks also to Twitter boss Jack Dorsey. He came up with the idea of tokenize the first tweet ever on Twitter on the Ethereum blockchain . Dorsey has long been a great friend of cryptocurrencies and has demonstrated this time and again in the past through his commitment to Bitcoin.

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