Global Fan Tokens Surpass $90B in Sales Despite Bearish Market

2022-8-25 21:30

Fan Tokens are on a path towards the $100 billion milestone after seeing renewed interest in August, despite the downturn of the entire non-fungible token (NFT) market.   

Fan Tokens have joined total value locked (TVL) in decentralized finance (DeFi) as the areas in the current crypto climate that continues to soar. 

As of Aug. 24, Fan Token sales for the month were roughly $6.9 billion. The latest metric has made a massive contribution to the total global fan token sales volume of around $92.7 billion, per Be[In]Crypto Research, based on data from NFT industry data aggregator CryptoSlam. 

Compared to global NFT sales from mainstream collections such as Axie Infinity, Bored Ape Yacht Club (BAYC), CryptoPunks, Mutant Ape Yacht Club (MAYC), NBA Top Shots, Otherdeeds, and Azuki among others, Global Fan Tokens have generated $50 billion more in sales volume. 

Source: All-Time Sales Rank by CryptoSlam

Months that made significant contributions to the latest statistic are May and August 2021 and March of this year.

In May 2021, sales were in the region of $9.4 billion and coincided with the climax of the European season.

After going through a period of decline during the offseason (June and July), sales were up again to about $8.43 billion as global soccer icon Lionel Messi joined Paris Saint Germain (PSG) in France from FC Barcelona in Spain. This move boosted PSG’s token sales from $646 million in July to $4.2 billion in August.

Source: PSG Fan Token Sales Chart by CryptoSlam

This resulted positively in the overall global fan token sales of $8.43 billion during the eighth month of 2021. In the middle of the European season where continental competitions reached the knockout stages, fan tokens crossed the $9 billion milestone again in March of this year, reaching $9.43 billion.

Source: Global Fan Token Sales Volume Index by CryptoSlam

Apart from PSG, other global football clubs that played a major role in the new landmark were Lazio, Santos FC, Arsenal, Atletico Madrid, Juventus, FC Barcelona, Manchester City, AC Milan, and Inter Milan.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post Global Fan Tokens Surpass $90B in Sales Despite Bearish Market appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Fanfare (FAN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0030094 (-100%)

market tokens fan despite global bearish sales

market tokens → Результатов: 126


Top 3 Metaverse Tokens With a Market Cap Under $24 Million (April 2022)

There are dozens of Metaverse tokens on the market, some have tremendous long-term potential, and others will die out within a few months as they are fueled by hype and provide no real utility. This article looks at our pick of the top three Metaverse tokens with a market cap under $24 million to watch […] The post Top 3 Metaverse Tokens With a Market Cap Under $24 Million (April 2022) appeared first on NullTX.

2022-4-6 21:10


Фото:

Popular Smartphone Apps Are Adding Crypto Capabilities

News of Japan messaging giant Line’s September 17 launch of an app-connected crypto exchange is captivating lots of attention in the crypto and tech industries this week. Other initially non-crypto apps are also entering the market, adding native tokens, tipping functions and cryptocurrency wallets, illustrating a growing trend toward mainstream crypto acceptance and awareness.

2019-9-20 03:45


GRAM Set To Be Released On Blackmoon Crypto Exchange Once Telegram Open Network (TON) Goes Live

Since Telegram’s ICO completed its private ICO process (raising $1.7 billion USD in a year), retail investors are eager for the tokens to be released on the secondary market. Well, a report on Finance Magnates confirms the social messaging app’s GRAM token will first be launched on Blackmoon cryptocurrency exchange. It seems strange but the […]

2019-9-10 20:19


Nexo Tokens Could Make Dividends Sexy Again

Debts products and dividends-paying stocks hardly have the same sex appeal as surging equities, but Nexo could soon change that in the crypto landscape. Today’s negative interest rates, pressure on traditional equities, crypto volatility, and a prolonged bear market are playing into the hands of what is becoming one of crypto’s best bets: high interest […] The post Nexo Tokens Could Make Dividends Sexy Again appeared first on Crypto Briefing.

2019-9-10 23:17


SDAT Exchange ICO ICO

SDAT Exchange is the world’s first Ultra-High-Speed Decentralized Exchange focused on partnering with institutional investors to solve traditional business tokenomics utility needs! SDAT builds an orderly private placement process, utilizing SDAT token as the medium to fairly disseminate investment quota to members and allow members to have appropriate access to roadshows and due diligence.

2019-9-7 21:33


Gominer ICO

Gominer Token is a Peer-to-Peer token that has a sophisticated level of security for a multi-functional digital currency and for all future use expansion. The token is created to help our user to interact and expand the way of their earning in Cloud mining.

2019-7-28 17:33