The explosion in popularity of non-fungible tokens (NFTs) topped its sales to some $25 billion in 2021, data from market tracker DappRadar showed.
Reports showed that prices of some NFTs rose at high-speed last year that speculators sometimes ‘flipped’ them for a profit within days.
Although the growth of NFTs was monumental, DappRadar also reported that there were signs of growth slowing towards the end of 2021, which raises questions about the performance of the speculative crypto asset in 2022.
NFT sales volume totalled $24.9 billion in 2021, compared to just $94.9 million in 2020, said DappRadar – a company that collects data across ten different blockchains, which …
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