NFTs were a hot topic earlier in the year, with NFT trading volumes hitting record highs in January. In January, NFT trading volumes reached approximately $ 16 billion, with OpenSea being the leader in the NFT market. In early February, however, NFT trading volumes plummeted.
While trading volumes dropped in early February, there were some big names hitting the NFT space at the turn of the year.
Big names on the NFT market
Some big names have been driving investor interest in the NFT market. There have also been some innovative uses of NFTs, which connect the virtual world with the real one.
Earlier this year, Quentin Tarantino and Secret (SCRT) teamed up to sell 7 Pulp Fiction NFTs. At the end of January, the first of Tarantino's NFT collection was sold for $ 1,1 million. The sale of Tarantino's NFT wasn't the only movie news of the year. In late January, news broke that Blockbusters filed trademark applications in an effort to revamp the home entertainment space. Music, sports and the arts have also continued to embrace NFTs, and even the United Nations is planning an NFT exhibition to celebrate International Women's Day in March.
From the art world, Christies sold the most expensive NFT, EVERYDAYS: The First 5,000 Days for a staggering $ 69,3 million. Sotheby's is also on the NFT scene with 104 CryptoPunk NFTs going under the hammer later this month.
Trump and digital assets are no strangers
With so much interest in NFTs, digital asset advocate Melania Trump has also entered the NFT space. In December, the former first lady launched her own NFT platform called Melaniatrump on the Solana blockchain (quotation SOL). She launched the platform with her first NFT, a self-portrait titled Melania's Vision.
Following the sale of Melania's Vision, the platform hosted the sale of the Head of State Collection, 2022 NFT. This is a Head of State Collection NFT that Melania Trump allegedly bought for $ 170.000. Trump announced the Head of State Collection auction on Twitter.
While the former first lady is a crypto advocate, President Donald Trump has been a critic of the crypto market. Last month, Eric Trump also hit the news, labeling TrumpCoin (TRUMP) as fraudulent. Following the threat of legal action, TrumpCoin appears to have changed its name to Freedomcoin (FREED).
