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The NFT ecosystem has exploded in 2021 and 2022 is off to a great start. A huge winner of this phenomenon is marketplace OpenSea, which has seen its trading volumes reach $3.25 billion in December...
With over a million users, NBA Top Shot is among the most successful NFT projects. By February 2021, $230 million had been spent on the platform trading and buying digital collectibles.
NFT sales volume totalled $24.9 billion in 2021, compared to just $94.9 million the year before, DappRadar, said on Monday. DappRadar collects data across ten different blockchains, which are used ...
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [46] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [47]
In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [40] The OpenSea NFT marketplace banned both projects in December 2021. [40]
In the first three months of 2021, NFTs worth US$200 million were traded. [3] One of the earliest NFT projects, CryptoPunks, [4] has provided several of the most expensive NFTs. [5] There were some NFT-like projects or "proto NFTs" that pre-date CryptoPunks; Rare Pepes, for example, was released on Counterparty in 2014. [citation needed]
In August 2021, Dolphin Entertainment announced a partnership with West Realm Shire Services, owner and operator of FTX.US, to create an NFT marketplace for major sports and entertainment brands. [4] In March 2022, Dolphin Entertainment entered into a strategic partnership with The Flower Girls, a fine art NFT collection by artist Varvara Alay. [5]
It could take time before NFT marketplaces come into their own, but once they do, stocks like Takung Art, which currently trades at just $0.74 a share, could really take off. 10. Jiayin Group (JFIN)