NFT sales boom, but ownership is highly concentrated -Breaking
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The trading volume across different verticals of NFTs has been on the rise this year.
As of Q4-2021, the combined sales of art and collectible NFTs reached $7.4 Billion. Art NFT sales have increased from $17.8million on January 1, to $1.8billion as of November 5, 2021. In 2021 the total NFT market was $55.5million. The market has grown to $5.6 Billion. It has risen to $5.6 billion. reportedAccording to Reuters, the total NFT sales volume jumped from $1.3B in Q2 up to $10.7B in Q3.
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