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NFT sales rise, but ownership is highly concentrated by Cointelegraph

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The volume of trade in various vertical token (NFT) tokens has dropped this year.

The combined sales of the collection and art NFTs reached $ 7.4 billion in the quarter of 2021. The NFT art market went from $ 17.8 billion on January 1 to $ 1.8 billion on November 5, 2021. The NFT market started with a sales volume of $ 55.5 million. It has since risen to $ 5.6 billion. As reported Reuters reported that NFT’s total sales volume rose to $ 1.3 billion in the 2nd quarter from $ 10.7 billion in the 3rd quarter.