The sales volumes of the non-fungible tokens (NFT) market stood at USD 2.5 billion during the first half of 2021. This is a considerably higher figure than the same period last year, when transactions were for USD 13.7 million.
This behavior of NFT sales was reported today, July 6, in a report prepared by the Reuters news agency . As CriptoNoticias has explained to its audience, non-fungible tokens are digital assets or tokenized versions of the real world that have the particularity of not being interchangeable with each other and can function as proof of authenticity and ownership within the digital world.
In the first quarter of 2021, interest in NFTs
It should be noted that, in the first quarter of 2021, interest in NFTs was piqued when the auction house Christie’s managed to sell a non-expendable token of Mike Winkelmann, known as Beeple, for 70 million of dollars. The work called “The First 5.000 Days”, is a digital collage that groups five thousand images designed day by day between May 1, 2007 and January 7, 2021.
However, Beeple himself expressed, shortly after , that the “fever” of the NFTs is “absolutely a bubble”. The millionaire artist specified this idea by comparing the NFT “bubble” with what happened at the time with the Internet: “It was a bubble and then it exploded and let out a lot of garbage, but it did not totally destroy the Internet. If the technology is strong, it will survive. ”
The idea that NFTs are a bubble was shared by Binance CEO Changpeng“ CZ ”Zhao, who said that collectibles could be successful, but the price of the majority will probably tend to zero in the future . The executive added that over time, the growth of this type of cryptoactive will decrease. Even so, Binance was not left out of this market and launched its own NFT marketplace.
Follow the NFT fever
Others are not at all skeptical about this industry . Recently, the FOX cable television network announced that it will have a series by the creator of Rick & Morty in its own NFT market , as this media outlined.
On that occasion it was also known that FOX Entertainment plans to enter the world of digital collectibles in style. This will be possible through the creation of a new company dedicated exclusively to the world of NFTs , in association with its animation studio, Bento Box Entertainment, called Blockchain Creative Labs.
This company will contribute USD 100 million for the creation of a support fund for creators and digital artists of NFT .
Also, visual artists, such as the Argentine José Delbo, continue to bet on the NFT through the sale of their works in this format. This is what the cartoonist recently did with his five pieces of Death on the Ethereum blockchain .
For fans of Major League Baseball , a tribute to baseball player Lou Gehrig is available as an NFT series on Ethereum. The collection can be purchased from July 4, when Gehrig said goodbye to baseball 82 years ago.
Motorsports are not far behind and the Formula 1 team, McLaren, recently joined this wave of NFT sporting its own tokens on the Tezos blockchain. The British team indicated that the goal is to launch “the most illustrious races and the most exciting driver line-ups” as NFT, to offer an engaging experience to motorsport fans
