NFTs Are Dead? XCOPY Sells $23 Million Worth of Digital Art

by AryanArtnews
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Non-fungible tokens continue to be one of the most controversial topics within the crypto community. Some recent events seem to point in the opposite direction, but some claim that they are essentially running out of steam.

XCOPY sells $ 22 million worth of NFTs

XCOPY One of the most prominent NFT artists. This completely anonymous artist, sold for $ 7.09 million on December 10, 2021, was probably the best in the “Right Click Save as Man” NFT, which became one of the top 10 most expensive non-fungible tokens. is known.

Now, in collaboration with Nifty Gateway, the artist has sold an additional $ 22 million worth of art. The work in question was called MAX PAIN and sold a total of 7394 editions worth $ 3,100 each. That’s about $ 23 million worth of sales.

This is what art looks like:

Source: Nifty Gateway

Note that this is a still image. The original image is dynamic and is best visualized on the official website itself.

This work is currently held by 5255 unique owners and has already been on sale for nearly 140 secondary sales within 24 hours of its release.

Nevertheless, the overall NFT volume is on the decline

Despite the above, it is also true that the total number of NFTs sold seems to be declining overall.

img2_nftvol
Source: Nonfungible

It is also worth noting that there were multiple reports in 2021 that much of the volume swelled. Therefore, the drop may not be as great as it was when discussing the actual volume.

In addition, the growing interest in APE coins (a cryptocurrency initiated by the Bored Ape Yacht Club) continues to be one of the most preferred tokens for trading on large Ethereum wallets.

Overall, NFT hype doesn’t seem to be as big as it was at the end of last year, but as some have declared, this trend is by no means dying.

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