Non-fungible tokens (NFTs) are unique, irreplaceable digital items that users buy and sell online. Similar to cryptocurrencies, they rely on blockchain technology to keep record of ownership.
2021 was a breakthrough year for NFTs, with sales volumes exceeding USD 14 billion. This trend continued in the first month of 2022, when the NFTs sales volume was more than USD 3.3 billion, up from 1.3 billion in December 2021, according to data from NonFungible.
Here are some major highlights from the NFT world in January 2022:
Monthly Overview NFTs – January 2022
- Total Number of Sales – 2,152,097 (up from 71,912 in January 2021)
- Total Sales Volume – USD 3,332,274,128.59 (up from USD 28,547,661.6 in January 2021)
Top 5 NFT Collections – January 2022
Top 5 NFT Sales – January 2022
Notable NFT Purchases – January 2022
Canadian singer Justin Bieber purchased Bored Ape #3001 for 500 ETH (about USD 1.3 million).
Alexandre Arnault, son of LVMV Chairman Bernard Arnault, purchased Punk 3167 for 160 ETH (around $416,400) on January 29. Another NFT was purchased from the same address on the same date. This is Doodle #9604, which was bought for 12.5 ETH (about USD 34,000). According to a Vogue Business article, LVMH confirmed that Arnault joined the Cryptopunks community. Nothing, however, was mentioned about the other NFT he acquired. The news came just a few days after Bernard Arnault said that though NTFs are a “thought-provoking” concept, “we have to be wary of bubbles”.