{"id":93981,"date":"2020-10-21T06:08:28","date_gmt":"2020-10-21T03:08:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/peer-to-peer-nft-sales-surge-as-average-purchase-price-increases-7x\/"},"modified":"2020-10-21T06:08:28","modified_gmt":"2020-10-21T03:08:28","slug":"peer-to-peer-nft-sales-surge-as-average-purchase-price-increases-7x","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/peer-to-peer-nft-sales-surge-as-average-purchase-price-increases-7x\/","title":{"rendered":"# Peer-to-peer NFT sales surge as average purchase price increases 7X"},"content":{"rendered":"

“# Peer-to-peer NFT sales surge as average purchase price increases 7X <\/strong>”
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Non-fungible tokens and digital collectibles have been selling like hotcakes over the past couple of months as volumes on peer-to-peer marketplaces surge.<\/p>\n

From NFTs representing NBA finals moments to crypto industry character cards, the total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million, according to crypto research firm Messari.<\/p>\n

Messari\u2019s research tracked the demand for NFTs, which includes digital art, collectibles and in-game<\/a> items, over the third quarter. It found the cumulative number of users who interacted with peer-to-peer NFT marketplace OpenSea surpassed 25,000, and that the platform saw a record $2 million in total volume in September;<\/p>\n

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NFT demand surged in Q3 as OpenSea reached new heights in both volumes and users <\/p>\n

In September, the cumulative number of users who interacted with OpenSea surpassed 25,000 with $2M in total volume pic.twitter.com\/3Fjdetwznh<\/a><\/p>\n

\u2014 Messari (@MessariCrypto) October 20, 2020<\/a><\/p><\/blockquote>\n

Some of the most popular items on the marketplace include cards featuring popular crypto industry insiders such as Uniswap\u2019s Hayden Adams and Ethereum founder Vitalik Buterin. <\/p>\n

The average NFT purchase price has also significantly increased over the third quarter reaching an average of $161, which is the highest since the early days of CryptoKitties in 2017 and seven times the historical average. Messari stated:<\/p>\n

\u201cAverage spending on NFTs has beaten the historical average of $23 for 150 consecutive days.\u201d<\/p><\/blockquote>\n

The research<\/a> noted that digital art marketplace Rarible had launched its own liquidity mining incentives in the third quarter which caused volumes to surge to more than $10 million as traders bought and sold NFTs to earn RARI tokens.<\/p>\n

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Our NBA Finals Legendary Packs are sold out.<\/p>\n

But the #NBATopShot<\/a> marketplace is <\/p>\n

Only 7\ufe0f\u20e39\ufe0f\u20e3 of each Legendary Moment will ever be minted. Own a unique part of NBA history with these Moments from the 2020 #NBAFinals<\/a> <\/p>\n

Shop now: https:\/\/t.co\/98CqyPM7cF<\/a> pic.twitter.com\/pyzspciC4V<\/a><\/p>\n

\u2014 NBA Top Shot (@nba_topshot) October 20, 2020<\/a><\/p><\/blockquote>\n

Non-fungible token maker, Dapp<\/a>er Labs, has also had a highly successful week with its NBA Top Shot collectibles which have been selling out<\/a> within minutes. The most recent set called “The Finals” included nine rare moments from the 2020 NBA finals which culminated with a Los Angeles Lakers win.<\/p>\n

The sets of digitally verified rare collectibles, including trading cards and digital clips, sold for $230 per pack. When launched, The Finals sold $163,530 worth of NFTs in roughly two mins and the top buyers spent over $5,000 each on NFTs, according to cryptoslam.io<\/a>.<\/p>\n

A recent blog post<\/a> noted that almost 8,600 NBA collectibles have been sold P2P for a combined sum of around $330,000 over the last two weeks. <\/p>\n

NBA Top Shot, launched in full earlier this month after clocking over $2 million in revenue in private beta. <\/p>\n<\/div>\n