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NFT sales top $2 billion in first quarter, with twice as many buyers as sellers – CNBC

Despite recent data showing a big drop in average prices from February, sales of NFTs at the start of the year showed an explosion of interest and buying.

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Sales of digital nonfungible tokens soared to more than $2 billion in the first quarter more than 20 times the volume of the previous quarter, according to a report from NonFungible.com.
There were $93 million in transactions in the fourth quarter of 2020, according to the website, which tracks NFT transactions and marketplaces.
Its first-quarter total does not include sales of NBA Top Shots the video highlights that are being turned into NFTs and traded. Those trade on the Flow platform and racked…

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