NFT Art is becoming the mainstream
In the end of 2020, we noticed that there was a huge increase in the NFT art market. According to Cryptoart.io data, sales of NFT-based art have taken off, reaching an all time high as time goes by.
Below chart shows the rapid increase in the NFT art market. You can notice that the market is growing really fast. In December of 2020, the total sale of NFT arts was around 820M USD.
(😀 CryptoArt.io tracks numerous digital art market places such as Async Art, KnownOrigin, MakersPlace, SuperRare and Nifty Gateway, which was acquired by Tyler and Cameron Winklevoss in 2019. You can see a lot of other interesting data on Crpytoart.io)
What amazed people all around the world happened on 14th December, 2020. On Nifty platform where people can bid in auction for artworks, a digital art work of artist “Beeple” was sold at 777,777 USD. This was the most biggest auction deal in NFT artworks.
The winning bidder praised Beeple for his digital NFT artwork, emphasizing the artist’s “precise attention to detail across the physical and digital spectrum”:
“His consistent work ethic, creative understanding & divine timing landmarked history for art & crypto and I’m just blessed to participate. My winning bid was not for him and myself only [ — ] I hope we were able to take [a] stand for the future of creativity, open collaboration, and self-sovereignty through digital signature.”
Even though this auction was the biggest deal in history of the NFT artworks, it was not the only one. In the last August 2020, Trevor Jones’ NFT “Picasso’s Bull” was sold at 55,555.55 USD.
NFTs are beginning to jump out of the digital domain and into the mainstream. More and more artists are now presenting their work in online showrooms and the NFT-based art scene is seeing increased interest.
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