big brands joining the momentum and selling NFTs. Gucci and Coca Cola were the most mentioned ones in this subject.<\/strong><\/span><\/p>\n<\/p>\n
Compared to the year 2020, the NFT industry grew considerably. The NFT sales volume in 2021 was $24.9 billion, while this market showed only $94.9 million in sales in 2020<\/strong>. This data is provided by DappRadar. Other data providers like CryptoSlam and NonFungible.com report different numbers. The former reports the sale of NFTs in 2021 at $18.3 billion, and the latter says $15.7 billion worth of NFTs were sold in 2021.<\/strong><\/span><\/p>\n\n
Another interesting piece of data in this report is about the number of traders who trade most of the NFTs in the market. Reuters says 10% of traders account for 85% of sales in this market.\u00a0<\/strong><\/span><\/p>\n\n
Various data sources show the price of NFTs are very different and volat8le. According to the report:<\/span><\/p>\n\n
\u201cWhile the most expensive known NFT sale was $69.3 million, a common price range was $100 to $1,000. Prices of the most sought-after NFTs were highly volatile. The average sale price of a CryptoPunk image rose from around $100,000 in July to nearly $500,000 in November. By December, it had fallen to around $350,000.\u201d<\/span><\/em><\/p>\n\n
As mentioned above, the growth of the NFT industry somehow slowed down in the last months of 2021.<\/strong> There can be many reasons behind this downtrend, but many believe 2022 has many more opportunities for this market.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"A fresh report from Reuters analyzes the NFT market in the past year and possible future outcomes. It focuses on the $25 billion records of NFT sales in 2021. The number looks very interesting for kind of a young market, but the report says there are some signs of slowing down in the growth of … <\/p>\n
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