How 2021 became the year of NFTs

2021’s biggest headlines in the NFT world

Reminder: An NFT (non-fungible token) is a digital asset that uses blockchain technology to provide public proof of ownership

1// Sotheby’s sells the ‘first ever’ NFT for $1.47 million

‘Quantum’ was created by Kevin McCoy in 2014

Date: June 4, 2021

(SOUNDBITE) (English) SOTHEBY'S, VICE PRESIDENT OF CONTEMPORARY ART DEPARTMENT, MAX MOORE, SAYING:

"Kevin McCoy's piece 'Quantum' is the genesis NFT, the origin, the creation of this NFT movement. It's recorded on the blockchain as the first NFT ever minted,”

2// The original source code for the World Wide Web sells for $5.4 million

Date: June 23, 2021

CHAIRMAN OF SOTHEBY'S EUROPE, OLIVER BARKER: ‘’…The fact that this is the very first digital native NFT as opposed to being one attached to a digital artwork itself is a really meaningful moment.’’

3// A patch of virtual real estate sells for a record $2.4 million

The plot exists in the online environment 'Decentraland'

4// Bonhams announces the auction of the world’s first ballet NFTs

Date: November 29, 2021

(SOUNDBITE) (English) HEAD OF DIGITAL ART AT BONHAMS, NIMA SAGHARCHI, SAYING:

"Looking at the video, even saving the video on your computer, doesn't equal ownership. Ownership equals the creator allowing you to own the actual artwork. And that's what's revolutionary about NFs."

5// A digital artwork by humanoid robot Sophia sells for $688,888 as an NFT

The 12-second MP4 file was produced in collaboration

with Italian artist Andrea Bonaceto

Date: March 25, 2021

(SOUNDBITE) (English) HUMANOID ROBOT, SOPHIA, SAYING:

"So thank you very much for joining with me and supporting me today. The virtual, the real, the imaginal, and the literal, this kind of spirit of creativity and technology working together gives me hope that we can solve anything. "

6// Sales volumes of NFTs surge to $10.7 billion in Q3

Source: DappRadar

as the frenzy for crypto assets reached new highs

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