For instance, 2021 stands witness to the explosive growth of blockchain-based games that primarily rely on NFTs. One of the most critical factors behind this surge in demand for NFTs is that an increasing number of blockchain companies (and traditional businesses) are integrating these non-fungible tokens within their existing business models. And with still one month to go, NFT sales volume has already crossed USD 9 billion this year.
In 2020, the total sales volume of NFTs reached USD 340 million. That said, even compared to 2020, the growth of NFTs in 2021 is overwhelming. Even though non-fungible tokens have been around for some time, sales grew from just USD 41 million in 2018 to a staggering USD 2.5 billion during the first half of 2021, amounting to nearly 60x growth in three and a half years.
What’s Next?ĭisclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of .Ī new report published by Cointelegraph Research, “ Non-fungible Tokens: A New Frontier,” suggests that NFT sales may cross USD 17 billion in 2021.Ģ021 has been a breakthrough year for NFTs.
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