Emerging NFT Platforms Endorse Sustainable Ecosystem Growth
The recent growth in cryptocurrencies and decentralized finance protocols has led to the rise of another category of digital assets: the NFTs or non-fungible tokens. During the first three months of 2021, the combined market capitalization of significant NFT projects grew nearly by 1,800%. Another report showed that users spent more than US$2 billion on NFTs, during Q1 2021. Compared to the sales figures of Q4 2020, the growth was nearly 2,100%. Q1 2021 hedge fund letters, conferences and more These four-digit growth numbers stand testimony to the traction that NFTs have gained of late. NFTs a...