Bull or bear market, 2020 and 2021 will forever be cemented in NFT history. Reports have shown that NFTs garnered the most profit ($17.7 billion) in the crypto space in 2021 – the market exploded by over 20,000 percent from the year prior. The total value of transactions jumped from $82.5 million to over $17 billion. …
Few predicted NFTs would suddenly become the talk of the town in 2021 when they were first introduced in 2014. Reports show that NFT trading volume was around $10 million in Q3 2021, a massive 704% increase from the previous quarter. This was just the start. To many, NFTs add a visually appealing and creative …
There are quite a bit of misunderstandings around NFTs. Many people think NFTs are minted on the Ethereum blockchain through a platform like Rarible and — voila! — the art is non-fungible and lives forever in a decentralized manner on the blockchain. But that’s not entirely the case. NFTs, or “non-fungible tokens†are really only …
