Everyone knows that the Non-fungible token space was one of the best performing crypto niches last year, a new report from Nonfungible, an NFT data company reveals the extent of the growth.
NFTs rise to stardom in 2021
According to the report, the space saw sales of above $17 billion which represents a 21,000% increase compared to 2020, when the trading volume was only $82 million. L’Atelier research firm, which conducted the actual study, reported that the total trading volume for NFTs was $17.6 billion.
NFTs, which started 2021 as just digital arts, expanded to mean a lot of things as the year progressed. The concept got to include avatars, gaming items, collectibles, and more.
This record growth became more pronounced when Beeple sold one NFT for $69 million, making him one of the most expensive artists alive. The space also led to the growth of collections such as Bored Ape Yacht Club which has gone on to cement itself as a cult figure in the burgeoning space.
Available information shows that Nonfungible.com has one of the most conservative estimates of NFT trading volume for…