1.3 Market size
According to Bloomberg.com, NFT marketplace had been the center of attention from the beginning of last year (2021) to mid-December. Total trading volume on NFT was US$ 0.338 billion in 2020 and grew to US$ 41 in 2021; the data provided is the trading volume on Ethereum platform only, the entire data should be much more astonishing if to include other blockchain platforms.
It might be difficult to comprehend how much US$ 40 billion really is, let’s say, global artwork market volume in 2021 was US$ 50.1 billion, that said, NFT has caught up with the long-lasting artwork market and possibly about to overpower it.
Currently, it is expected that NFT will reach a market volume of over US$ 100 billion in 2025, and many celebrities, industries, banks joining this Red Sea have just strongly validated this assumption. For instance, Adidas just bought in large amount of lands from blockchain game “The Sandbox” for US$1.78 million and sold 30,000 NFT while their competitor Nike announced to purchase virtual shoemaker RTFKT.
Last updated
