New report predicts NFTs will explode in popularity during 2021

NFTs are pumping right now, with a new report identifying more NFT sales in the last 24 hours than during the entirety of 2020. Canadian-based analytics company NonFungible has released a report predicting that 2021 is poised for “a new Bull Market in the NFT industry.” Although NFTs have been around since ERC-721 was invented by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs in January 2018, the sector largely remained an obscurity outside of hardcore crypto circles until the latter part of 2020.

NFT market top signal? Fake Banksy nets over $1 million in ETH sales

With a charity and some slapdash art theory as a cover, a copycat makes off with 512 ETH in NFT sales As the cryptoTwitter community debates the fair value of Cryptopunks and other NFTs rising to sky-high valuations, there’s at least one clear sign of the digital collectibles market growing irrational: an individual posing as Banksy, perhaps the most famous living artist, has netted over $1 million in ETH in NFT sales.  Starting on Sunday, Feb 14, frequent browsers of the NFT marketplaces Opensea and Rarible noticed an account named “Pest Supply” with branding and NFTs made in Banksy’s signature graffiti-stencil style.

Ethereum CryptoPunks Are Selling for Outrageous Sums of Money

A picture of a male “punk” sold for over 78 ETH (≈$136,000) this morning.

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

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

CryptoPunk Bounties: Ark.Gallery Rolls Out Blind Bids on 8-Bit NFT Collectibles

Ark.Gallery is adding liquidity to the market for CryptoPunks by letting people place blind bids on the NFTs.

NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week

While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020.

The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million

On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark.