NFT sales brought in $25 billion in 2021

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In the last two quarters of 2021, sales of non-fungible tokens (NFTs) soared. They were $10.7 billion in the third quarter and then $11.6 billion in the fourth.

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The year 2021 will go down in the annals of the crypto sphere as that of the arrival of NFTs, these certificates of authenticity that make it possible to appropriate a digital object. Virtually unknown to the general public a few months ago, the sector has sparked the enthusiasm of avid digital art collectors, artists eager to regain control of their works, or even speculators seeking strong returns on their investments. In this context, NFT’s sales volume reached $24.9 billion in 2021, compared to just $94.9 million a year earlier, according to figures released by DappRadar, which collects data on a dozen. blockages different with Reuters.

Sales rose in particular in the last two quarters of the year. After two first quarters with revenue of just $2.5 billion, the last was $10.7 billion in the third quarter and then $11.6 billion in the last quarter of last year. According to data from OpenSea, an online marketplace dedicated to these non-fungible tokens (non-fungible tokens) to issue certificates of authenticity that are considered inviolable thanks to the blockchainsales peaked in August, then declined over the next three months and then picked up again in December.

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An NFT sells on average between $100 and $1,000

It should be noted that sales of NFT artworks organized by auction houses such as Sotheby’s and Christie’s are not taken into account. Notably, last year, Christie’s saw an all-digital work by American crypto artist Beeple going for $69.3 million. For its part, the NonFungible.com site, which focuses only on the blockchain Ethereum estimated NFT sales in 2021 at $15.7 billion.

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In addition to the amounts, the number of wallets that have exchanged NFTs in the past twelve months is also important. According to DappRadar, about 28.6 million wallets traded these crypto tokens last year, compared to just 545,000 in 2020. While Beeple’s work brought in $69.3 million, a market record. Booming, an NFT sells on average between $100 and $1,000, according to NonFungible.com.

Sorare and Facebook want to take advantage of this emerging windfall

The NFT craze has allowed several players to take advantage of capturing some of the $30 billion invested in cryptocurrencies by 2021 by venture capital funds around the world. For example, Drapper Labs, the NFT platform behind CryptoKitties (virtual cats to buy and resell) and NBA Top Shot (virtual cards of players or videos of a basketball game highlight), announced its first round of $ 305 million with prestigious investors such as Michael Jordan and Will Smith, before raising an additional 250 million in September with a valuation of more than $7 billion. In France, the start-up Sorare, which combines fantasy football and blockchainfor its part, in September signed the largest fundraiser in French Tech history with a Series B of $680 million.

After a year 2021 when NFT sales took off, they could be even more significant in the coming years, especially with the rise of the metaverse, which is destined to become a veritable digital understudy of the physical world. “The metaverses are a godsend for the development of NFTs that present themselves as useful items in open worlds. I see many perspectives in gaming, provided we accept to integrate the part of speculation inherent in this type of asset. Not everyone is in favor of it, but games like Sorare or Axie Infinity have shown that there is a market for it”said Grégory Raymond, a journalist specializing in cryptoassets, in an interview conducted by Digital. But he warns of Facebook’s interest in the sector, because “a metaverse and the NFTs that make up it have value when part of a decentralized world”. Gold, “Facebook is the cantor of centralization”this is not going in the right direction.

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