Canadian Singer, Grimes, Entering the NFT Scene; Volume Jumps 2.6x This Month

Canadian musician and singer Grimes is ready to join the NFT space with her collection WarNymph on digital art platform Nifty Gateway.

“Big NFT News: Grimes is coming to Nifty Gateway! She will be dropping the #WarNymph collection on February 28th. This is going to be bonkers. Especially if Elon Musk starts bidding. To the Mars!” tweeted Tyler Winklevoss, co-founder of Gemini.

One of the more prominent platforms in the NFT space, Nifty Gateway, is owned by cryptocurrency exchange Gemini and has hosted the sale of several NFT arts in 2021 alone. One of the artwork was sold for $373,000 earlier this year.

Last month, animator and video producer Justin Roiland, the co-creator and voice of Rick and Morty, released his collection of non-fungible tokens (NFT) on the digital art platform.

NFTs, however, is not limited to art, but about digital goods, which are gaining immense traction lately as they record nearly $9 million per week now, up from under $500k in early January, and about $3 million at the beginning of this month, after the likes of Mark Cuban, Lindsay Lohan, Mike Shinoda, and other jumped on the NFT bandwagon.

Ethernity is a project that is auctioning digital artwork featuring well-known names from the world of sports and crypto. Recently, the success of Hasmasks underscored the potential of NFTs.

NFTs were also the talking point at the annual ETHDenver event, which was held online this year due to COVID-19.

The popular NFT marketplaces in terms of the volume include NBA TopShot, CryptoPunks, OpenSea, Rarible, Super Rare, and Axie Marketplace, as per Dapp Radar.

In terms of traders as well, the list is pretty much the same with some shuffling around with NBA TopSHo at the top with over 10k traders OpenSeat around 1,000, Rarible just over 500, Cryptopunks over 100, and Axie Marketplace with less than 100 traders.

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