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New Delhi [India], March 11 (ANI/ATK): According to a recent report released by DappRadar, a web3 data platform, NFT trading volume reached 2 billion dollars in February. Though the NFT sales in the market decreased by 32% from January, the trading volume saw a whopping rise of 120%. In 2014, Kevin Mckoy, a digital artist, made a video clip and registered it on the Namecoin blockchain. He then sold it to Anil Dash, an American technology executive, for 4 dollars. It was the first ever NFT created and sold. Now, the global market size of the NFT is expected to reach more than 211 billion dollars by 2030. The global market capitalization of the NFT market has seen a massive hike in the last year. In 2020, the NFT market cap was at 85 million dollars, and it jumped to a whopping 20 billion dollars, a 23,449% rise in 2021. But, the market started to fall in 2022. In September 2022, NFT trading volume collapsed by 97% since the beginning of the year. The terrible fall of Terra and its UST,
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