Marvion Inc (MVNC)

[dorismd2001]

NFT trading volume hit $10.7 billion last quarter

NFT, or nonfungible token, trading volume surged in the third quarter of 2021 to $10.67 billion, a report by analytics platform DappRadar found. That's a 704% increase from the previous quarter.

August, in particular, fueled this growth. It was a record-breaking month, according to DappRadar, with over $5.2 billion in trading volume. Though things cooled off slightly in September, it still accounted for over $4 billion in trading volume.

A current lucrative use for NFTs is in-game items, in which users can buy things like skins or accessories to be used in blockchain-based video games. In the third quarter of 2021 alone, in-game items generated $2.3 billion in trading volume, DappRadar found. This represents 22% of the total NFT trading volume.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/10/11/crypto-news-bitcoin-up-in-october-nft-trading-biden-executive-order.html