NFT Sales Surge as Speculators Pile In, Skeptics See a Bubble
The non-fungible token (NFT) is one of the largest platforms in the fast-growing digital asset. The NFT sales will continue to rise in the future, betting on the growing interest in the sports, arts, and media world. The trading in NFT has increased rapidly as it is one of the decent niche crypto assets. Moreover, the Blockchain-based record of ownership of digital items blown up in early 2021. The OpenSea is the largest NFT trading platform, and its value reached $1.9 billion in August which is ten times than march recorded value $148 million. In January 2021, the monthly volume was $8 million on the platform.
OpenSea Statement about NFT:
The surge was driven by secondary market sales according to the statement of OpenSea. Different NFT collections have emerged in the last few weeks and have been successfully