Nonfungible tokens trading hit $17 billion in 2021. Total users’ profits in NFTs reached 5.4 billion.
Last year’s increase in NFT trading is 21 000% from 2020, Nonfungible.com reports.
BNP Paribas-owned research firm L’Atelier’s study said trading in NFTs hit $17.6 billion last year, which is a tens of thousands of times increase from 2020′s total of $82 million.
“We’ve seen exponential growth over the past year”, – Nonfungible.com Gauthier Zuppinger co-founder told CNBC.
The record-breaking NFT-collage by the digital artist Beeple was sold for $69 million at a Christie’s auction. World celebrities, including Jimmy Fallon and Snoop Dogg, also bought popular NFT-collections like the Bored Ape Yacht Club.
According to the report, more than 2.5 million crypto wallets belonged to people holding or trading NFTs in 2021. It’s an 89,000 increase from the previous year. The number of NFT buyers rose to 2.3 million from 75,000.
Generally, NFT investors got $5.4 billion in profits from token sales, and over 470 wallets succeed to earn $1 million.
So-called Collectibles appeared as the most popular NFT-category, which accounted for $8.4 billion worth of sales. The second-largest NFT-category, which generated up to $5.2 billion in sales, is Gaming such as Axie Infinity, Decentraland, The Sandbox, and others.
There was also a shift in focus later in the year to the so-called metaverse, with sales of digital land and other projects in the space reaching $514 million.
“What is interesting is that we are seeing less people, less buyers, less sales. The global community may have decreased because of speculation and a loss of interest in collectibles. But the global market is still really high and the value of some of these assets has continued to increase”, – Zuppinger said.