Market Measures - September 7, 2021 - NFTs and ETH's Relationship

published 1 week ago by tastytrade, Inc.

NFTs are gaining popularity at a rapid pace as one of the primary digital assets, with $830 million in daily sales on Wednesday, September 1st. This is up from $200 million in daily sales from August 1st.  Most NFTs are part of the Ethereum blockchain--therefore, Ethereum (ETH) is also the most popular currency used to purchase NFTs. As an effect, ETH has seen its price pushing back towards all-time highs from the July lows.

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