The NFT ecosystem has magnetized huge sales volumes since the start of 2021. Exploring the use cases of blockchain technology brought NFTs into existence as it presented a transparent solution to monetize unique assets such as art, music, etc. The growth can be estimated from the fact that NFT trading activity increased to $24.9Bn in 2021 as compared to $94.9Mn in 2020 resulting in a meteoric rise of 26,000%.
The following diagram represents the top 5 NFT categories in the last quarter of 2021.
To know more about the NFT sector, access our TradeDog Sectoral Watch in which you will find detailed information and analytical aspects including:
- Report Introduction
- Key Analytics
- Top marketplaces
- OpenSea: Leader of NFT marketplace
- Top NFT Categories
- Metaverse NFT
- Current Trends
- Analyst’s Remark