NFT sales hit $319 Million over the past week

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NFT sales hit $319 Million over the past week
31 Dec 2021
5 min read

News Synopsis

The crypto-currency boom over the past two years has also introduced the world to a new market, known as NFTs, the digital collectable tokens. This year however has played an important role in the breakthrough for digital tokens. The total sales volume in 2021 came out to be more than $14 billion.

NFTs also known as Non-fungible tokens are unique, irreplaceable items, which are most of the time available in digital form that is traded online by the users. 

Same as cryptocurrency, NFTs use blockchain technology to keep a digital record of their ownership. NFTs were launched on ethereum, the cryptocurrency blockchain which supports ether and most of the NFTs are available to be purchased on ether only. According to the data released from NonFungible.com, the sake of NFT hit $319 million in the past week only.

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