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NFT Trading Volume Reached Record $6.86 Billion This Month

ByLouis Adams

Jan 31, 2022 #NFTs
Reading time: < 1 minute

In January, the trading volume of non-fungible tokens (NFTs) transactions reached $6.86 billion, according to The Block.

More than half (61.4%) of the indicator was accounted for by the NFT marketplace OpenSea with $4.21 billion. On January 17, the trading volume of the platform exceeded $3.5 billion.

The second place was taken by LooksRare, launched on January 10 with the help of the so-called “vampire attack”. The devs distributed the native LOOKS token among OpenSea users.

Compared to December, the volume of trading in non-fungible tokens in January increased by 157%. For all of 2021, the figure reached $14.2 billion.

Earlier, Nicolas Poire, VP of innovation at video game developer and publisher Ubisoft, spoke about the company’s reaction to the sharp criticism by players of the introduction of non-fungible tokens.