Going Digital: We Talk NFTs with Nanda
Exploring Digital Art with an Optimist
“You have to know how to find beauty in places you would call ugly.” -Nanda
NFT Market Update
The market for non-fungible tokens (NFTs) exploded in the past week, with trading volume reaching all-time highs.
NFT sales taking place on the Ethereum platform recently reached $171 million in the space of a week, blockchain technology company OKLink told CoinDesk in an article dated Aug. 2. This figure represented a more than 330% increase over the same week the month before.
OpenSea, one of the major NFT marketplaces, broke records when collectors traded $35 million and $49 million worth of these unique tokens on July 31 and Aug. 1, respectively, according to on-chain activity monitoring platform DappRadar. In July, daily trading volume averaged $8.3 million on OpenSea, excluding the last day of the month.
And last but not least, one of the famous CryptoPunk NFTs is being listed at $90.5 million. If the token fetches this amount, it will be the largest CryptoPunk sale in history.
This market is moving so fast, it is almost hard to keep up. That’s why I am excited to keep you in the loop and share today’s conversation with you. We’re going to virtually…
