While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during the last seven days.

When Satoshi Nakamoto created the blockchain, the innovative technology allowed for permissionless money, but also a number of tokenization features as well. One idea called the non-fungible token (NFT), also known as a ‘nifty,’ has gathered a lot of steam since the verifiable digital scarcity concept was first introduced.

This year, the popularity of NFTs has jumped considerably, as the concept is seeing a massive amount of funds flowing into the industry.

The top ten non-fungible token platforms this weekend according to nonfungible.com.

Data from nonfungible.com shows that during the last seven days, there were 9,353 sales total and $988,649 in NFT trade volume. The average U.S. dollar price for a single NFT…

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Source: https://news.bitcoin.com/nft-economy-grows-exponential-1m-in-non-fungible-token-sales-last-week/