Digital Revolution Inbound: NFTs Have Been Recognized as The Main Word of 2021 — November, 28
Sales in the Art category have halved and fallen in volume by as much as three times in the Collectibles category.
The situation on the OpenSea marketplace is unstable again. At the beginning of the week, on November 22nd, daily market volumes were leaning closer to $100 million ($91.37 million to be more precise). A decline followed, but the market began to recover by the end of the week on November 28th, and daily volumes amounted to $78.2 million, according to DappRadar.
The SuperRare project and the Hypermorph artwork by artist neurocolor managed to storm into the top of the list in the Art category after having beaten competitor ArtBlocks. The work was sold on November 26th for $92,942.05 (20.6 ETH at that time).
- neurocolor, Hypermorph, source: https://opensea.io/assets/0xb932a70a57673d89f4acffbe830e8ed7f75fb9e0/30543
The monkeys are back in the Top Collectibles category. Drop Bored Ape #9449 was sold on November 27th for $1,194,600.30 (285 ETH at that time).
2. Bored Ape #9449, source: https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/9449
Moving on to other news of this week, Collins Dictionary recognized the abbreviation ‘NFT’ as the word of the year 2021. According to British lexicologists, NFTs won the crown, as this type of token is associated with one of the main trends of 2021 — the digital revolution. And while NFTs are continuing their adoption throughout the world, the marketplaces are trying to facilitate communication between the representatives of the crypto community and are introducing new features. Rarible recently launched a message exchange function for marketplace users. The new messenger introduced onto the platform can even be used to communicate using a crypto wallet address.
