“NFTs are digital assets that are not associated with any specific issuer. They can be anything from songs to video games, and they can be traded peer-to-peer without the involvement of financial institutions. NFTs emerged as a new asset class in 2017 when CryptoKitties became popular on Ethereum blockchain.
The first NFT was CryptoKitties on Ethereum blockchain in 2017. The game allows users to collect and breed virtual cats which have unique features or attributes such as fur patterns, eye colors, and tail types. With each cat”
NFTs are mainly used in the digital content industry. Content creators see their profits increase as the creators retain ownership of their content when NFTs power an economy that rewards and incentivizes creators.
Rarible – It’s a democratic marketplace for artists & creators to issue and sell NFTs. Holders can also vote on features like fee rates and community rules
OpenSea – To start using OpenSea, simply create an account on our website and you can browse NFT collections or discover new artists. This platform is a great place to find rare digital items and collectibles.
Foundation – You need to get invited to post your art on this platform. This website is for higher quality artwork, assuming that the demand for NFTs stays at the same level or even rises over time.”
“Digital transformation and adoption of blockchain technology, means that the employment landscape is changing. People are already working more with NFTs, blockchains, and cryptocurrencies than ever before and it will become an increasingly common practice.
In 2021 alone, crypto jobs on Indeed jumped by 118%. Blockchain and non-fungible tokens will bring more transparency to the digital sphere by proving ownership with digital bits. This will act as an economic incentive for their adoption. Younger generations like Gen Z are more likely to invest in cryptocurrencies and NFTs than stocks. This will fuel the growth of these markets as they become increasingly mainstream. Their investments can be compared to those of the older generation with assets, which have steadily increased in value over time.”
|NFT||ETH||USD (in 1,000)|
|Beeple Everyday: The First 5000 Days||38,474.82||69,346.25|
Annual market cap of NFT: $ 338m
Number of unique wallets that either bought or sold an NFT asset
|1st||Hong Kong SAR|
United Arab Emirates
|NFT marketplaces||Sales in Million $|
|NBA Top Shot||728.23|
|BSC (Binance Smart Chain)||8.19|
|Axie Infinity||2.8 million daily active players|
|Alien Worlds||1.1 million users|
|Dapper Labs||5-year search growth: 1900%||Funding: $607.5M (Series D)|
|Yield Guild||5-year search growth: 2000%||Funding: $22.4M|
|Rarible||5-year search growth: 2200%||Funding: $16M (Series A)|
5-year search growth: 133%
Funding: $10M (Seed)