The world of NFT is developing and growing day by day. Digital paintings, JPEGs, wearable digital devices found buyers for tens of millions of dollars.
Former auction houses that sell blockchain-based artworks and accept cryptocurrencies for payment competed against each other. So 2021 has literally been the year of the NFTs!
According to data from DappRadar, the NFT market had its best year yet, generating over $23 billion in trading volume.
According to data shared by the Lithuania-based Blockchain analytics company, the number of unique active wallets interacting with NFTs on a daily basis has skyrocketed from 5,000 at the beginning of the year to 140,000 at the end of the year.
Many famous names seem to have kept up with this crazy world of NFTs. Among them, there are many names from athletes to movie stars, from rappers to first ladies.
Luxury fashion giants such as Gucci, D&G and Burberry launched their first virtual wearables; on the other hand, VISA purchased one of the 10,000 24×24 pixel images of the CryptoPunks NFT collection.
Auction houses like Christie’s and Sotheby’s quickly adapted to NFT sales and began accepting cryptocurrencies for payments.
According to DappRadar, games using NFT and profiting for their players represent 51% of industry usage, while Blockchain virtual worlds such as The Sandbox and Decentraland have generated over $500 million in transaction volume and reached a market capitalization of $3.6 billion.