Transaction Volume with NFTs Hits $6.86 Billion in January
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Jan. 31, 2022

The volume of transactions with non-fungible tokens (NFTs) exceeded $6.86 billion in January, The Block has reported.

It is worth noting that more than half (61.4%) of the indicator corresponded to the NFTs marketplace OpenSea with $4.21 billion. On January 17, the platform's trading volume surpassed $3.5 billion.

The second place goes to LooksRare, which was launched on January 10 with the help of the so-called "vampire attack." Developers distributed the native LOOKS token among OpenSea users.

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Compared to December, the trading volume of non-fungible tokens in January experienced an increase of 157%. For all of 2021, the figure reached $14.2 billion.

Nicolas Poire, vice president of innovation at video game developer and publisher Ubisoft, has previously spoken about the company's reaction to the strong criticism from gamers to the introduction of non-fungible tokens.

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