This number is to grow in view of the exponential evolution of this market. NFT’s sales were estimated at $10.7 billion for the third quarter of 2021 (Source: DappRadar). From crypto art to collectible digital assets, NFTs have become a new asset class attracting both artists and collectors alike. The market for NFTs has exploded in recent years, with record-breaking sales reaching billions of dollars. Non-fungible tokens have taken the art world by storm, revolutionizing the way we think about and value digital art. Overall, the understanding and appreciation of NFTs is evolving, making them more valuable than ever before. This has expanded the possibilities of what can be created and sold as an NFT. Additionally, the increased interest in the intersection of art and technology has led to more experimentation and innovation in the NFT space. Known to be secure ownership, provenance tracking, and programmability, their value as a unique asset class continues to grow.
People become more aware of the underlying technology and benefits of NFTs. Luckily, NFTs are still valuable since the reason why they exist is more taken into account as of now. It goes without saying that NFT were the crypto world’s darling back then, as well as the metaverse. Everyone was talking about it, and everyone wanted to get started with NFTs, celebrities or artists as well as ordinary people. There were few things as popular as expensive NFTs last year.
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