Peer-to-peer NFT sales surge as average purchase price increases 7X

Cointelegraph

Published Oct 20, 2020 11:08PM ET

Updated Oct 21, 2020 12:40AM ET

Non-fungible tokens and digital collectibles have been selling like hotcakes over the past couple of months as volumes on peer-to-peer marketplaces surge.

From NFTs representing NBA finals moments to crypto industry character cards, the total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million, according to crypto research firm Messari.

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