NFTs surged significantly in 2021, heading for a total market capitalization of $17 billion

NFTs surged significantly in 2021, heading for a total market capitalization of $17 billion in December 2021. According to the DappRadar’s Dapp Industry Report 2021, the market cap of NFT collectibles is currently $13.12 billion, while the Metaverse market cap is $3.61 billion.

What are Non-Fungible-Tokens (NFTs)?

NFT stands for “Non-Fungible Token” and refers to a cryptographic token on the blockchain that cannot be replicated or replaced. NFTs act as certificates for the authenticity and uniqueness of a digital asset and give the owner proof of ownership. Especially in the art and music scene, digital works have recently been offered as Non-Fungible-Tokens. In March 2021, Twitter CEO Jack Dorsey’s first tweet was auctioned off as a NFT for $2,9 million.

How do I buy Non-Fungible-Tokens (NFTs)?

You can buy Non-Fungible Tokens (NFTs) on different marketplaces like Opensea, Binance NFT or Rarible

Table & Chart Data

Source

Survey/Poll by

Published by

Source link

Region

Worldwide

Release date

December 2021

Survey time period

2021

Additional Notes

Top 100 NFT Collections, DappRadar. Last updated December 07, 2021.

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