NFTs Are Poised To Overtake Crypto For The First Time Ever
Updated: Aug 5, 2022
As the world desperately battles rising inflation, many investors are increasingly thinking about which sectors of the economy they can best invest in. If you are one of those smart investors, this article will help you unlock the potential of the NFT market in 2022.
Why NFT Mania?
The market for NFT-assets — unique tokens used to acquire rights to digital objects — has shown explosive growth this year. According to DappRadar, the NFT market grew eightfold in Q3 this year. According to other data, NFT turnover for the current year reached $22 billion, while in 2020, token sales brought in only $100 million. That is, the market has grown 220 times in just two years. Experts note that the potential is just beginning to develop, and the market has yet to experience a massive influx of users and full public adoption.