Trading in non-fungible tokens (NFTs) climbed to $10.7 billion in the third quarter, an increase of more than 700% on the previous quarter, according to a report by blockchain analytics firm DappRadar. Growth was powered by a record-breaking August, which generated over $5.2 billion in trading volume, the report said. DappRadar said “there is not a single but multiple reasons” for the surge. One of these is the way in which NFT projects are “becoming brands,” with celebrities such as Snoop Dogg and Shaquille O’Neal putting their name to communities,…
NFT Trading Volume Surges 700% to $10.7B in Q3
