Total NFT market cap grows 11,664% in 2 years

1 year ago

Total NFT marketplace headdress recorded a maturation of 11,664% successful 2 years, expanding to astir $10 cardinal from $85 cardinal connected December 2020, according to NFT Valuations information shared by crypto influencer 6529.

 punk6529Source: punk6529

The awesome two-year maturation complaint was inactive recorded contempt the dense conditions of the carnivore market. On precocious December 2021, the full NFT marketplace headdress was astir $20 billion, which is 50% higher than today’s measurement and 23,429% higher than successful precocious December 2020.

Dozens of NFT platforms were launched successful the past mates of years arsenic giants similar Apple, Reddit, Starbucks, Winamp, and MetaMask entered the NFT field. The NFT sphere was 1 of the astir resilient areas of crypto. It remained much oregon little intact during the coldest carnivore marketplace the crypto past has witnessed, portion immoderate areas similar Sports NFTs recorded awesome maturation rates.

Moreover, caller studies bespeak that the NFT marketplace volition turn adjacent more. A caller report estimates that the NFT manufacture volition turn steadily successful the African and Middle Eastern regions during the 2022-2028 period, with a Compound Annual Growth complaint of 34.3%. The existent NFT walk value, which is astatine $3.42 billion, connected the different hand, is apt to spot $18.22 cardinal by 2028.

The station Total NFT marketplace headdress grows 11,664% successful 2 years appeared archetypal connected CryptoSlate.

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