{"id":292,"date":"2021-11-02T08:56:30","date_gmt":"2021-11-02T08:56:30","guid":{"rendered":"https:\/\/mejoresapuestas.com\/en\/?p=292"},"modified":"2021-11-02T08:56:30","modified_gmt":"2021-11-02T08:56:30","slug":"combined-market-cap-of-top-5-nft-collections-hit-10-2-billion-in-november-cryptopunks-make-half-of-that-value","status":"publish","type":"post","link":"https:\/\/mejoresapuestas.com\/en\/2021\/11\/02\/combined-market-cap-of-top-5-nft-collections-hit-10-2-billion-in-november-cryptopunks-make-half-of-that-value\/","title":{"rendered":"Combined Market Cap of Top 5 NFT Collections Hit $10.2 Billion in November, CryptoPunks Make Half of that Value"},"content":{"rendered":"

Non-fungible tokens have revolutionized the art and the entertainment worlds, especially around the way people invest in art, music, and sports. As the popularity of NFTs continues surging, an increasing number of investors are willing to put their money in NFT collectibles.<\/p>\n

According to data presented by Mejores Apuestas<\/a>, the combined market cap of the top five NFT collections hit $10.2bn this week, and CryptoPunks make half of that value.<\/p>\n

CryptoPunks Hit $5.1B in Market Cap<\/strong><\/h3>\n

Three years ago, the world was introduced with CryptoKitties, the NFT collectibles that caused a global hype and are being sold for millions of dollars today. The second major spike in NFT users happened in March this year after media reporting the largest NFT sales to date.<\/p>\n

That month, the digital artist Mike Winkelmann, known as Beeple, sold an NFT of his work for a staggering $69 million at Christie\u2019s and became one of the top three most valuable living artists.<\/p>\n

However, most NFTs, including crypto-art, photos, newspapers articles, and video clips, sell for less than $200, bringing the possibility of art ownership to the masses, which has always been reserved only for the wealthy.<\/p>\n