The trading volume of non-fungible tokens (NFTs) in 2021 surged by 42,988% compared to 2020, The Block Research has learned. The volume surpassed the $13 billion mark with OpenSea generating 88% of the total trading volume (~$12.5 billion) this year. In 2020, NFTs had a trading volume of $33 million.
The biggest increase in trading volume registered in August this year when OpenSea generated almost 98% of all volume.
In the meantime, GameStop is readying the launch of a marketplace for NFTs that will compete with existing platforms in the space, like OpenSea and Rarible. According to reports, GameStop and AMC are in talks regarding a potential partnership as part of the NFT initiative.