New report predicts NFTs will explode in popularity during 2021
NFTs are pumping right now, with a new report identifying more NFT sales in the last 24 hours than during the entirety of 2020. Canadian-based analytics company NonFungible has released a report predicting that 2021 is poised for “a new Bull Market in the NFT industry.”Although NFTs have been around since ERC-721 was invented by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs in January 2018, the sector largely remained an obscurity outside of hardcore crypto circles until the latter part of 2020. The second half of 2020 saw NFT sales increase by 200% to more than $9....
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The Big Bang of NFTs and the Metaverse Although the concept of Non-Fungible Tokens (NFTs) was first coined in 2014 by digital artist Kevin McCoy, the popularity of NFTs exploded in 2021. Prestigious and well-established auction houses such as Sotheby’s and Christie’s contributed to the boom of NFTs when they started selling NFT art themselves. […]
As Non-Fungible Tokens (NFTs) continue to explode in popularity and trading volume, Leonicorn Swap, the all-in-one Decentralized Finance (DeFi) platform has partnered with Ulti Arena. The partnership with the NFT marketplace and community-driven platform for game Artists, Developers, and Players is an important step in Loenicorn’s continuous move into the world of NFTs. The partnership […]
PRESS RELEASE. NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content creators alike have been able to profit immensely from NFTs, and many traders have also been able to benefit from buying, selling and trading these non-fungible tokens. However, one project in particular is looking to change the way we look at NFTs, and that is Vincent Peter’s ‘Inheritance Art’, provided by Inheritance AI. What is the issue with the current generation of NFTs? NFTs are one-of-a-kind digital assets which may be used to demonstrate....
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result.
Nansen Puts 2021 in Review
Nansen, a blockchain analytics firm backed by Coinbase Ventures and a16z, has presented a report about the behavior and growth that decentralized finance and NFTs experienced in the last year. The....
The past few years have seen NFTs explode onto the blockchain scene, progressing from a relatively unknown technology to one that’s been papered across the front pages of seemingly every crypto publication. Alongside the increase in both understanding and trading in NFTs, the global market has continued to rise, predicted to reach an incredible $122.43 billion by 2028. With the expansion of NFTs beyond just digital art, also integrating into Play2Earn blockchain gaming projects and metaverse creations, this digital medium is set for a dazzling future. While progress has been impressive....