Over $100M in crypto collectible NFTs sold in last 30 days

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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS

CRYPTONAIRE LYWEEK

CRYPTO investment journal

Over $100M in crypto collectible NFTs sold in last 30 days

From NBA TopShots to Hashmasks to CryptoPunks, collectible NFTs are selling like hotcakes.

Non-fungible token sales are booming and top marketplaces are seeing record volume levels.

The milestone was noted by crypto asset investment firm Paradigm co-founder Matt Huang, who posted a screenshot from NFT marketplace and data tracker CryptoSlam.

CryptoSlam also reported that a large portion of trading is now taking place on secondary markets indicating that crypto collectibles are changing hands more often.

Over $100M+ in crypto collectibles (NFT) sales, last 30 days pic.twitter.com/72VTwc5Hg7

— Matt Huang (@matthuang) February 16, 2021

CryptoSlam reports that NBA Top Shot, a basketball based collection launched in October 2020, is the top-selling NFT platform with $5.8 million shifted over the past 24 hours and a whopping $68.5 million over the past 30 days.

Top Shot represents the first time the NBA has entered into a licensing deal backed by blockchain technology. Speaking to ESPN, NBA associate vice president for licensing, Adrienne O’Keeffe, said;

“Blockchain is unique. It can deliver value to intellectual property owners downstream. We do believe blockchain technology has staying power and a lot of promise for our business.”

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