Tokenization of physical assets is gaining traction in the digital collectibles market. The last week recorded unusual activity in the non-fungible token (NFT) segment. Assets traded on the Polygon network reached $22.3 million in sales volume, surpassing Ethereum's $19.2 million.
The data, compiled by the CryptoSlam platform on April 22, reveals that 24% of weekly transactions were concentrated on Polygon. The network also recorded over 39,000 unique buyers, an increase of 81% compared to the previous period.
Growth driven by RWAs
Polygon's performance is directly linked to the adoption of NFTs based on real-world assets, known as RWAs (Real World Assets). These assets represent physical goods—such as real estate, artwork, and collectibles—that are converted into digital tokens and tradable via blockchain, a process known as tokenization. The Courtyard NFT collection was responsible for $20.7 million of the weekly volume, highlighting the growing interest of investors in this type of digital asset backed by tangible goods.
Meanwhile, other blockchains remain below this new level. Mythos Chain ranked third, with $14.3 million in sales, followed by Bitcoin-based NFTs, which totaled $14.1 million in the same period. These results suggest that the digital collectibles market is diversifying beyond traditional Ethereum projects.
Polygon NFTs surpass Ethereum in sales with boost from real asset collection | Photo: Disclosure
The phenomenon of RWAs is also being analyzed by executives in the sector.
This milestone reinforces the growing relevance of utility NFTs and the use of blockchain technology to represent tangible assets, expanding the boundaries between the physical and digital worlds,” evaluates Manuel Echanove, Business Development Director for Tokenization and Real World Assets at Polygon.
Marco Aurélio Camargo, CIO of Vault Capital, also spoke on the subject.
The initiative by Courtyard, the company behind the NFT collection that drove all this volume on the Polygon blockchain, is incredible […] I believe that ideas like this always have an easy time bringing together a large number of users. Courtyard is promising and Polygon can benefit greatly from the volume generated by the collections, he stated in an interview with BeInCrypto.
The article 'Polygon NFTs surpass Ethereum in sales with RWA collection boost' was first seen on BeInCrypto Brazil.
