NFT Market Place Composition

2021 has turned out to be the year of NFTs, with sales and volumes reaching new and record heights. In 2018, the market value of the entire NFT space was less than $50 Million, and now it is well into the billions.

The digital asset market, estimated at $32 billion, has grown significantly over the past three years. This explosion introduced decentralized application platforms (DApps), which use smart contract protocols and ensure digital asset management. Platforms drive blockchain technology adoption, with digital assets coming into action in the 370 billion markets generated by collectibles.

2017-2021 NFT Total Market Capitalization and Forecast (in US$)