The NFT market topped $40 billion in 2021

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Still virtually unknown at the beginning of 2021, the market for NFTs has grown tremendously. According to a report from blockchain specialist Chainalysis, $40.9 billion was spent on NFTs last year. The equivalent of $40.9 billion was spent on non-fungible tokens (NFTs) in 2021 — almost unreal growth for an industry that generated barely a billion in 2020. It’s clear that NFTs have taken on a particular significance as society continues to go digital. NFTs are tokens with an associated digital property certificate, based on blockchain technology. For the holder, this provides proof that they …

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