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Non-fungible tokens exploded in popularity in 2021, but over the past few months, they seem to be cooling off. Even so, some industry pros say they aren't going anywhere. But where are investors...
With over a million users, NBA Top Shot is among the most successful NFT projects. By February 2021, $230 million had been spent on the platform trading and buying digital collectibles.
NFT sales volume totalled $24.9 billion in 2021, compared to just $94.9 million the year before, DappRadar, said on Monday. DappRadar collects data across ten different blockchains, which are used ...
By July 2021, users were completing $350 million in transactions a month, [6] and the company was valued at $1.5 billion—meaning unicorn status—after a $100 million Series B venture round led by Andreessen Horowitz. [7] In August 2021, the value of monthly transactions spiked to $3.4 billion, and in November OpenSea had 1.8 million active ...
In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [40] The OpenSea NFT marketplace banned both projects in December 2021. [40]
2021 April 16, 2021: Edward Snowden "PleasrDAO" Ethereum First NFT by Snowden on behalf of the Freedom of Press Foundation. [17] $6.2 M $5.23 M Save Thousands of Lives: 2021 May 8, 2021: Noora Health Paul Graham: Ethereum Sold for 1,337 ETH in charity auction. [18] $5.2 M $4.40 M Doge (meme) 2021 June 12, 2021: Atsuko Sato "PleasrDAO" Ethereum
The NFT ecosystem has exploded in 2021 and 2022 is off to a great start. A huge winner of this phenomenon is marketplace OpenSea, which has seen its trading volumes reach $3.25 billion in December...
These functions allow transfers initiated by the token owner, or an approved operator of their individual tokens. Further, developers can implement custom logic to these transfer functions, providing the functionality for NFT protocols to operate. For example, marketplaces like OpenSea, make use of approved operators to facilitate the sale of NFTs.