NFT sales boom, but ownership is highly concentrated -Breaking
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This year, trading volumes in various non-fungible tokens verticals have seen a surge.
The total sales of collectibles and NFTs for art have reached $7.4Billion as of quarter four 2021. Art NFT sales have increased from $17.8million on January 1, to $1.8billion as of November 5, 2021. The total market for collectible NFT products was $55.5 million at the start of 2021. Since then, it has risen to $5.6 billion. It has risen to $5.6 billion. reportedAccording to Reuters the NFT total sales increased from $1.3 billion Q2 to $10.7 million Q3.
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