In the blockchain universe, 2021 would most likely be known as the year that non-fungible tokens (NFTs) were introduced to the masses as transaction volume crossed $ 23 billion – a growth of 230 times a year. compared to just $ 100 million in 2020, according to a report from decentralized application discovery and analysis platform DappRadar. Thanks to multiple trends in the NFT space, including randomly generated collectibles, mainstream celebrity involvement, and the rise of NFT games up for grabs, digital images have become a major investment gamble for enthusiasts. from NFT this year.

The top-selling NFT of 2021 was The First 5000 Days by digital artist Beeple which sold for $ 69.3 million. The digital image was essentially a giant collage of 5,000 images that Mike Winkelmann, known as Beeple, began creating on May 1, 2007. For the next 13 and a half years, he posted a photo every day online. . Beeple’s latest NFT Human One sold for $ 29 million in November of this year and was the second-best-selling NFT in 2021.

The third was Bored Ape Yacht Club – a 10,000 NFT collection that was purchased for $ 26.2 million at an auction by UK-based auction house Sotheby’s. As of February, according to the report, Dapper Labs’ NBA Top Shot had generated $ 226 million in transactions. This represented 46% of the record volume of NFT transactions. “The floor market capitalization of the Top 100 Collections is now estimated at $ 16.7 billion,” said DappRadar.

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“The entry of celebrities like SouljaBoy (American rapper), Steve Aoki (DJ) and Rob Gronkowski (soccer player) into the NFT space at the start of the year paved the way for the category’s most crucial period. until now. In the months to come, the mainstream media was filled with NFT headlines after Paris Hilton, Eminem and Stephen Curry joined the space, ”said DappRadar. Additionally, the number of blockchain addresses engaging daily with NFTs has grown from 5,000 at the start of 2021 to around 1,40,000 by year-end.

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