Still virtually unknown at the beginning of 2021, the market for NFTs has grown tremendously. According to a report from blockchain specialist Chainalysis, US$40.9bil (RM171bil) was spent on NFTs last year.
The equivalent of US$40.9bil (RM171bil) was spent on non-fungible tokens (NFTs) in 2021 – almost unreal growth for an industry that generated barely US$1bil (RM4.19bil) in 2020. It’s clear that NFTs have taken on a particular significance as society continues to go digital.
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