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NFT sales hit $246 million over the past week. These were the 5 best-selling digital collections.
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Rokas Tenys
The cryptocurrency boom over the past two years has helped propel a newer market to record heights: digital collectibles, also known as NFTs.
2021 has been a breakthrough year for NFTs, with total sales volume hitting more than $12 billion as both investors and entrepreneurs descend upon the nascent Web3 space.
NFTs, or non-fungible tokens, are unique, irreplaceable, mostly digital items that users buy and sell online.
NFTs use blockchain technology to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency ether, and to this day most NFTs can still only be purchased using ether.
In the past week alone, sales of NFTs hit $246
Read more on markets.businessinsider.comAbout this in other media
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