NFT trading volume in January hits a record $6.86 billion

In January, the volume of non-fungible token (NFT) trades exceeded $6.86 billion, according to The Block.

More than half (61.4%) of the figure was accounted for by the OpenSea NFT marketplace — $4.21 billion. On January 17, the platform surpassed $3.5 billion.

Second place went to LooksRare, launched on January 10 using the so-called ‘vampire attack’. The developers distributed the native token LOOKS among OpenSea users.

Compared with December, NFT trading volume in January rose by 157%. For the full year 2021, the figure reached $14.2 billion.

Earlier in January, Ubisoft’s vice president of innovation Nicolas Poir told about the company’s reaction to players’ sharp criticism of the deployment of non-fungible tokens.

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