NFT sales surge to $10.7 billion in Q3 as crypto asset frenzy hits new highs

London: Sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar, as the frenzy for crypto assets reached new highs.

NFTs use blockchain to record the ownership of digital items such as images, videos, collectables and even land in virtual worlds.