NFT Virtual Worlds market Growth
Since the beginning of the year, the crypto market has opened its eyes to the (non-fungible token) NFT market. Movie stars, famous artists, crypto-whales, traders and investment funds have built a large portfolio of NFT Tokens. Lately, Elon Musk wife, Grimes has created her own collection with a debut auction that sold in 20 minutes for 5.8M.
As a result, the market has gained momentum and there is still plenty of space for potential growth because it is small compared to the overall crypto market of 1.4 Trillion USD (as the time we write).
“In fact, the non-fungible token (NFT) market tripled in 2020, with the total value of transactions increasing by 299% year on year to more than $250m, according to a new study released by NonFungible.com, an NFT market analyst firm. Developed with support from foresight business L’Atelier BNP Paribas, the report — the third annual study of the NFT market — finds that NFTs are primed to become a leading emerging asset class for the Virtual Economy in the years ahead, both in terms of their financial value and their practical uses, and a major driver of economic activity in virtual worlds…” see more
Virtual Worlds account now for more than 25% of the market of Non-fungible tokens. With its unique NFT token, Etherland is a new blockchain combining art building design, wiki-style information website and virtual land NFTs of real-world places. In just 2 weeks the project has reached the top 10 of OpenSea in the Virtual Worlds category!