Non-replaceable tokens and digital collectibles such as hotcakes have sold out in the last two months as the volumes of the peer-to-peer market have grown.

From NFTs representing NBA Finals moments to character cards in the crypto industry, the total lifespan of NFTs on the Ethereum blockchain alone has exceeded $ 120 million, according to crypto research firm Messari.

Messari’s research tracked demand for NFT, which includes digital art, collectibles and in-game items, during the third quarter. It found that the cumulative number of users interacting with the NFT OpenSea peer-to-peer market exceeded 25,000, bringing the total size of the platform in September to a record high of $ 2 million.

Some of the most popular products on the market include cards with popular crypto industry insiders such as Hayden Adams from Uniswap and Ethereum founder Vitalik Buterin.

The average NFT purchase price also increased significantly in the third quarter, reaching an average of $ 161, the highest level since CryptoKitties was launched in 2017 and seven times the historical average. Al-Masari sa:

“Average NFT consumption exceeded the historical average of $ 23 for 150 consecutive days.”
The study reports that the market for Rarible digital art released its own incentives for contamination in the third quarter, resulting in sales of over $ 10 million when merchants bought and sold NFT to receive RARI tokens.

Non-financial symbol maker Dapper Labs also had a very successful week selling NBA Top Shot collectibles in minutes. The latest group, called the Finals, has nine rare events from the 2020 NBA Finals, culminating in a victory for the Los Angeles Lakers.

Collections of digitally tested rare collectibles, including trading cards and digital clips, sell for $ 230 per box. At launch, The Finals sold $ 163,530 in NFTs in about two minutes, with top buyers spending more than $ 5,000 each on NFT, according to cryptoslam.io.

A recent blog post noted that nearly 8,600 NBA acquisitions were sold by P2P for a total of $ 330,000 in the last two weeks.

The NBA Top Shot was launched earlier this month after generating more than $ 2 million in revenue in a closed beta test.

Source: CoinTelegraph

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