Last year, something astonishing happened in the non-fungible tokens (NFT) realm: Market size reached $41 billion —just as valuable as the art world’s market. 2021 became, no doubt, the year of NFTs as they went from a sub-billion-dollar industry to a multi-decabillion business, as Messari’s analyst Mason Nystrom put it.
Collections such as CryptoPunks and Bored Ape Yacht Club became viral and made their owners build a barrier of status around them. But more than that, NFTs have become a crypto world proxy for retail investors with under-$10,000 transactions representing over 75% of the market.
