Between 2020 and 2021, the development of nonfungible tokens saw significant growth and billion-dollar expansion across various sectors.
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In the tumultuous landscape of the digital age, where trends come and go at the speed of a click, one phenomenon has risen to prominence like few others: nonfungible tokens (NFTs). The years 2020 and 2021 marked a period of unprecedented growth and widespread adoption of these digital assets, reshaping the way we perceive ownership, art and the internet itself. In fact, in 2021 alone, the NFT market saw approximately $25 billion in trading volume, compared to an almost non-existent metric just a few years prior.
Related: The different types of NFTs: A beginner’s guide
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Source: https://cointelegraph.com/news/nft-mania-art-collectibles-digital-ownership