{"id":8730,"date":"2021-08-27T11:55:57","date_gmt":"2021-08-27T10:55:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8730"},"modified":"2021-08-27T11:56:05","modified_gmt":"2021-08-27T10:56:05","slug":"data-shows-896-million-has-been-spent-on-nfts-over-the-past-30-days","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/data-shows-896-million-has-been-spent-on-nfts-over-the-past-30-days\/","title":{"rendered":"Data shows $896 million has been spent on NFTs over the past 30 days"},"content":{"rendered":"\n
After spending about $900 million on nonfungible token<\/a> (NFTs) sales over the past 30 days, August is shaping up to be a record-breaking month for nonfungible token sales.<\/h5>\n\n\n\n
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NFTs \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>have received $896 million in spending over the past 30 days, according to data from the tracking portal Nonfungible. By the end of the month, the figure is expected to have surpassed $900 million, setting a new high for the rapidly expanding field.<\/p>\n\n\n\n

More than quadruple the previous greatest month for NFT sales in May, when $255 million worth of NFT was sold, this represents a record month for the NFT industry. Sales have skyrocketed in August, thanks largely to CryptoPunks and Axie Infinity, who have both contributed to the surge in popularity.<\/p>\n\n\n\n

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NFT sales in USD, past 30 days –\u00a0<\/em>nonfungible.com<\/em><\/use><\/svg><\/span><\/a>
<\/figcaption><\/figure>\n\n\n\n

A total of $397 million has been spent on CryptoPunk<\/a> merchandise so far this month, according to Cryptoslam's figures. Currently, the average sale price for the pixelated punks stands at a stunning $214,000. <\/p>\n\n\n\n

A unique alien punk wearing a face mask, number 7523, was one of the most expensive figures ever sold at auction, fetching a record-breaking $11.5 million at a Sotheby's sale in June.<\/p>\n\n\n\n

Visa, the world's largest credit card company, said earlier this week that it had purchased its own cryptocurrency, CryptoPunk, for 49.5 ETH, which was worth slightly under $150,000 at the time of acquisition. Credit Suisse's Cuy Sheffield is the head of cryptography.<\/p>\n\n\n\n

“With our CryptoPunk purchase, we\u2019re jumping in feet first. This is just the beginning of our work in this space.\u201d<\/p><\/blockquote>\n\n\n\n

According to the Chinese industry publication Wu Blockchain, Chinese investors are snapping up CryptoPunks like they're hotcakes these days. With 125 ETH, or around $387,000.00, Cai Wensheng, the founder of the smartphone software company Meitu, made an investment in CryptoPunk<\/a> 8236.<\/p>\n\n\n\n

With the purchase of $100 million in Bitcoin and Ethereum early this year, Meitu became one of the first publicly traded corporations in China to make a significant investment in cryptocurrencies.<\/p>\n\n\n\n

Chinese Internet investors have bought CryptoPunk one after another. Meitu founder Cai Wensheng bought CryptoPunk #8236 with 125ETH. Feng Bo bought CryptoPunk#7252 for 1600ETH (approximately US$5.33 million). pic.twitter.com\/LyGxNRORJX<\/p>\u2014 Wu Blockchain (@WuBlockchain) August 26, 2021<\/cite><\/blockquote>\n\n\n\n

Tezos, a cryptocurrency that rewards users for staking their coins, has also benefited from the use of NFTs. <\/p>\n\n\n\n

Based on information shared in an earlier blog post, Tezos NFT platforms have shown to be attractive for artists <\/a>because of low transaction costs and a proof-of stake consensus process that is more energy efficient, making it a favorite among eco-conscious artists.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

After spending about $900 million on nonfungible token (NFTs) sales over the past 30 days, August is shaping up to be a record-breaking month for nonfungible token sales. NFTs have received $896 million in spending over the past 30 days, according to data from the tracking portal Nonfungible. By the end of the month, the […]<\/p>\n","protected":false},"author":13,"featured_media":8731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4057,3969,470],"class_list":["post-8730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chinese-investors","tag-cryptopunk","tag-nfts"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/image-263.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8730"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8731"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}