Interest in the blockchain and crypto industry has been increasing. As reported by data tracker DappRadar, the sector's quarterly growth is 25%, and yearly growth is 509%. In total, the number of Unique Active Wallets reached 1.54 M daily.
Q3 was a diversified interval with the advancement of crypto gaming platforms, NFTs and DeFi. The sales volume of NFTs reached $10.67 bln, which means an increase of 704% from the previous quarter.
Per the report from art market information provider Artprice, NFTs boosted the contemporary art market growth with the actions surging to a new all-time high of $2.7 billion.Two-thirds of the value of online sales and 2% of the total art market came from the NFT sector.
The NFT sold at the highest cost was the digital collage from Beeple called "Everydays: The First 5,000 Days". The auction was held at Christie’s, and ended on March 11 with the piece sold at $69.3 million.