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author:Ketaki Dixit 

Translation Agency: DAOSquare

Article Source:https://coingape.com/much-bitcoin-btc-wall-street/

Non-homogeneous token industryIt has developed into a way we look at digital assets today. In 2018, almost a year after crypto was born, it became the most popular buzzword in crypto for the first time. This year, however, the market once again went hand-in-hand with the DeFi mania, revolutionizing the relationship users have with digital products. In the latest development, Richard Chen, a partner at encryption venture capital firm 1confirmation, revealed that October was another milestone for NFT digital art.

His tweet reads:

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Source: Richard Chen, Twitter 

SuperRare is known as an Internet digital art marketplace with a global network of digital artists, with nearly 700 artists, the platform enables artists to obtain new income streams, and provides collectors with a place to store or trade art assets for future added value. SuperRare 2017 builds on a new non-fungible token standard that has come a long way over the years.

disclosedisclose, plans to sell its first non-fungible token at an auction on September 23 this year. A week ago, a digital artwork that also leveraged a blockchain-based token that gave collectors a new kind of ownership sold for a record $100,000 at auction.

attract well-known artists

Gone are the days when digital art could not be monetized. With the advent of blockchain technology, the digital art market appears to be heating up, and the craze for collecting non-fungible token (NFT) art has caught on in the broader crypto market as well. In line with this trend, DC Comics face Jose Delbo (best known for his work on "Wonder Woman") has reportedly collaborated with crypto artist Trevor Jones on four NFT artworks last month.

NFTs

At the same time, according toNonFungible.comAccording to statistics, as of now, there have been 4.98 million transactions in the NFT market, with a transaction volume of approximately US$134.9 million. In just one month, there were 88,700 transactions, which equates to a volume of $8.42 million.

NFT- Primer

The field of NFT artwork and collections dates back to 2017. During this time, projects such as CryptoPunks paved the way for "rare" artworks on the Ethereum blockchain. Currently, NFTs account for more than 14% of total Ethereum network usage.