We know NFTs have been booming, but a new report from NonFungible.com puts some data around that buzzy feeling.

Their report indicates that sales of digital nonfungible tokens were more than $2 billion in the first quarter.  That’s up from around $250 million in sales for the entire year in 2020. 

And the $2B dollar figure doesn’t even include sales of NBA Top Shots or the $69M Beeple art sale, two of the most prominent manifestations of the NFT boom.  Sales of NBA Top Shots were around $472M in the first quarter, so the adjusted figure of total sales would be around $2.54B including NBA Top Shots and Beeple’s sale.

Q4 2020 had sales of around $93M just to give you some additional context on how large the growth in sales has been.

More buyers than sellers
There were more than twice as many buyers than sellers in the first quarter:  73,000 buyers v. 33,000 sellers, per the report.

And there were nearly 150,000 active wallets in the first quarter — more than 1.5 times the number from a year ago.

You can get the report here: https://nonfungible.com/subscribe/nft-report-q1-2021

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