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A new report published by Cointelegraph Research, “Non-fungible Tokens: A New Frontier,” suggests that NFT sales may cross USD 17 billion in 2021.
Yes, you heard that right!
2021 has been a breakthrough year for NFTs. Even though non-fungible tokens have been around for some time, sales grew from just USD 41 million in 2018 to a staggering USD 2.5 billion during the first half of 2021, amounting to nearly 60x growth in three and a half years.
That said, even compared to 2020, the growth of NFTs in 2021 is overwhelming. In 2020, the total sales volume of NFTs reached USD 340 million. And with still one
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