NFT Market Status

As of the first quarter of 2021, There are about 140,000 active wallets and more than 70,000 buyers in NFT Marketplace. Trading volume has increased by about 131 times from the first quarter of 2020 and 20 times from the fourth quarter of 2020. Growth across the NFT sector has been achieved in a short period of time.​

NFT can incorporate a lot of things, and it is expected that applications and related technologies will develop. Therefore, it will be a more attractive market for those familiar with the digital age. According to NonFungible.com, NFT's total market capitalization was $210 million in 2019. And also We found that it grew 50% to $320 million in 2020. In 2021, it was estimated to have increased by 125 percent to 710 million dollars.​

Search volume for NFTs increased dramatically in 2021. According to Google Trends, search queries for "NFT" and "Non-fungible talk" keywords have increased worldwide in 2021. This proves that many people are starting to be interested in NFT.​

NFT developed with the creation of a blockchain-based technology that gives digital assets markers. You can get value for NFT ownesrship to provide payment and related platforms. Statistics show that the top three NFT applications in the global NFT market are tading for collection for 48%, art for 43%, and sports for 4%. he market size was $960 million, $860 million, and approximately $90 million, respectively.​

Modern artists are expanding the art market using cryptocurrency and NFT. In addition to art, NFTs are useful for verifying the authenticity of assets ranging from real estate, gold, and collections. The artist Roy Lichtenstein also passed a bill that legally protects tokens for real products.​