The demand for non-fungible tokens (NFT) in the year 2020, has been exploding in the market. A week ago, at the time of the NFT sale, the volume of token escalated near $1 million dollars.
During the sale, the Sorare fantasy soccer card game which is based on blockchain experienced its value reached over $221,000.
As per the report, in the present year, the demand for NFT is increasing substantially. The verifiable digital scarcity concept of the token has been experiencing a huge inflow of the funds to the industry.
According to the data released by nonfungible.com, a total of 9353 NFT tokens had been sold in the last seven days. Also, the trading volume of NFT reaches $988,649.
As per the recent statistics, this week the average price of a single NFT has reached $105.
The report further stated that after the last week’s sale Sorare, Cryptopunks and Superrare are considered to be the three biggest players in the NFT space.
Sorare is a fantasy soccer game that allows the players to collect limited editions of it.
It is to be noted that during the last week’s sale the value of the token was $221,052.
Cryptopunks, which has 10,000 unique collectable characters, experienced its price after the sale of $182,619. Lastly, the value of Superrare, during the sale was $93,733.
Additionally, it has been reported that to date, Superrare has sold rare digital artwork in 178 countries around the world. With the help of that sale, Superrare was able to generate over $565,000.
After the sale _totemical, godfreymeyer, sveneberwein, coldie and giantswan are considered to be the trending artists.
Notably, a lot of sale of NFT has happened because of Foam Signal, Decentraland, Makersplace, and so on.
One of the twitter users named @Dclblogger has recently talked about metaverse growth and NFTs catching fire. In his tweet, he mentioned that non-fungible space is interrupting a total of 25 industries.