Not long ago, NFTs or non-fungible tokens were called fads by the naysayers. But the monumental boom in the market might has witnessed high-profile investors supporting the purely digital art form.
Hence, NFT trade is beginning to take notice. In yet another milestone more than $100 million in crypto collectible non-fungible tokens was sold in the last 30 days. This was revealed by the crypto-asset investment firm Paradigm co-founder Matt Huang.
According to the above chart compiled by CrytptoSlam, NBA Top Shot dominated the charts. The basketball based collection was rolled-out last October, and four months later, is went on to become top-selling NFT platform.
Next up was the living digital art collectible, Hashmasks followed by CryptoPunks, Sorare, and Art Blocks leading the top five spots in terms of sales according to the NFT data provider.
NFTs and Celebrities
Non-fungible tokens’ space has become the latest craze in the cryptocurrency realm. While the industry has witnessed a substantial rise in terms of institutional interest, the NFT marketplace has also found its ardent support base.
In fact, for the past several months, this sector has been beginning to build up a head of steam as big names continued to join in.
TWJ had earlier reported that American rock band, Linkin Park’s Mike Shinoda sold his first piece of crypto art using the non-fungible tokens. With this, Shinoda joined other popular artists such as Lil Yachty, Carl Cox , and Soulja Boy.
In addition, the famous Winklevoss Twins, Swish DJ Alesso, and 76ers owner Michael Rubin just debuted digital artworks alongside an all-star celebrity lineup such as Belgian DJs Dimitri Vegas and Like Mike last week. They launched the first collection of non-fungible tokens as part of the celebrity art collective ‘Ethernity’.
For the uninitiated, non-fungible tokens are generally an on-chain representation of items such as digital art, collectibles, in-game items