NFT Trading Volume Up 400% in 2021: Report
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Dec. 29, 2021
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The volume of trading with non-fungible tokens (NFT) exceeded $13 billion in 2021, which is up 42,988% in comparison with 2020 ($33 million), according to data from The Block Research.

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Almost 90% of NFT trading volume (over $12.5 billion) this year was provided by OpenSea, a marketplace for NFTs founded in 2017, where users can create and sell their tokens.

Previously, iHodl reported that Sotheby's generated $100 million in auctions of NFTs. The British auction house made a whopping $24.4 million from selling a bundle of NFTs Bored Ape Yacht Club. The auction house also said its NFT marketplace called Sotheby's Metaverse brought new audience with 78% of NFT bidders at auction being new to Sotheby's.

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In total, Sotheby’s sold a record $7.3 billion worth of art and other collectibles so far this year, which is the most in its 277-year history. The top selling was a Botticelli painting, which brought Sotheby's $92.2 million.

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