NFTs Will Explode In Popularity According To New Report
Last Updated: 23 February 2021
NoneFungible stands as an analytics firm based in Canada. Recently, the firm has issued out a report about the NFT industry predicting that 2021 stands poised for a new bull market in the NFT space.
Rising New Trend For NFTs
Non-fungible tokens (NFTs) have long since been part of the crypto space, integrated into the Ethereum network through ERC-721. The concept itself was developed in 2018 by four individuals: Dieter Shirley, William Entriken, Nastassia Sachs, and Jacob Evans.
However, the NFT space had always been an obscure corner in the crypto space up until the year 2020, when all sorts of crazy things just suddenly started to happen in general. The second half of 2020 was the time of NFTs, and the market saw a 200% increase in sales, recording a volume of $9 million.