NFT Sales Volumes Hit $2.5 Billion For First Half of 2021

Sales of NFTs have totaled 10,000 to 20,000 every week since March, with buyers still outnumbering sellers. NFTs are cryptographically unique tokens that can be linked to digital content such as art and music. This time last year, sales of NFTs stood at just $13.7 million. But in the first quarter of 2021, interest in the digital assets exploded as they burst onto the art world, with one NFT selling for a record-breaking $69 million at the height of the craze in February. Some predicted a bubble about to burst. Individual NFTs have continued to sell for millions of dollars; just last week, world wide web creator Tim Berners-Lee sold an NFT representing the web's source code for $5.4 million, while in late June, digital artist FEWOCiOUS sold a collection of NFTs for $2.1 million.