Big Bounce Back
As stated in futurism.com, after a predictable crash following its initial hype, NFTs are back on top again — and in a very big way.
Sales of NFTs on OpenSea, an NFT buying and selling platform, hit a record high of $3.4 billion in August, according to CNN. September is on track to be the second-best selling month with nearly $500 million in sales reported on Friday.
NFT Influencer Surge
Many of the sales can be attributed to influencer and celebrity involvement, according to Danny Adkins, co-founder of NFT analytics platform MomentRanks. For example, Steph Curry recently bought a $180,000 NFT and even changed his Twitter profile pic to show off his purchase of a picture of a blue monkey in a tan suit (yes, really).
“Athletes and celebrities want to show them off,” Adkins said to CNN.