NFTs have been spreading through the market like wildfire, and investors are ready to jump on the bandwagon. The digital assets market, estimated at $2.14 trillion as of October 2021, has witnessed rapid growth over the past three years.
According to Defi Llama, the total value locked (TVL), representing the total amount of collateral locked in DeFi, has surpassed $200B.
The entire NFT market grew by 2800% in just 2020. This value tripled in less than 3 months of 2021, making the NFT growth an aggregated 6,000% from 2020. The value of NFTs is derived from the nature of these tokens that are authentic, transferable, and provide ownership. The top 3 NFT spots are held by collectables, art, and sports, accounting for 48%, 43% and 3%, respectively.
This has led to an influx of users penetrating the NFT market, but the mainstream is still far from it. NFT Global is here to change that. They made sure to include features that would be helpful for anyone dipping their toes into the crypto
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