NFT 2021 year-end recap: niche culture to sweep the world

A year at NFT is like 7 years elsewhere, and if you don't listen, you will be missing out on important work. 2021 is the NFT road trip, as we do every week. Today, let's take a look at some key data from NFT 2021.

If the NFT market experiences strong growth in 2021, that would be amazing. This domain made headlines in the first half of the year as it moved from hidden niche communities to the mainstream.

Let's look at all the changes in the NFT industry in 2021

Q1 and Q2: Leap Start of NFT

The NFT boom started in the first quarter, mostly with moderate activity, most notably the NBA Top Shot, which started to increase in February and March. In March, OpenSea's revenue exceeded $ 100 million per month for the first time, and NFTs refused to start attracting more cryptocurrency users.

At the time, this was already documented in Genesis, after NFT sold around $ 8 million in December 2020.

Until March 2021, not only will sales increase, but developers will also begin to create a real identity for their online business.

Digital designer Beeple broke the news and his "Daily NFT" set the record for the most expensive device at a price of $ 69 million.

Christie's also started selling NFTs in the first half of this year, sparking continued interest in the store, with more and more NFT auctions starting since then.

From May, we create weekly newsletters. At the end of the first half of this year, NFT's sales increased further, and in June, NFT's sales exceeded $ 2.5 billion, and in the first half of 2020, sales were only 13.7 billion. millions of dollars. .

T3 and T4: the NFT is in full swing

In the second half of the year, NFT and Metaverse hosted the Crypto community.

According to the cryptocurrency research firm, OpenSea is starting to gain traction, rising from $ 33 million in July to $ 3.4 billion in August. In August, the volume of NFT transactions exceeded the first and second quarter. Companies are just starting to get involved, and in August Visa bought its first CryptoPunk.

Social media platforms like Twitter are receiving more and more information about NFTs, and game companies like Ubisoft, Epic Games, and EA will start discussing NFT in-games topics later this year.

Other public channels have started to enter the mainstream, and the proliferation of Solana-based NFTs other than Ethereum is the first, followed by other chains such as Polygon, Cardano, and Avalanche. This shift is exacerbated by the excessive Ethereum oil prices.

According to Arcane Research, NFTs perform very well compared to the annual exchange rates between Ethereum and Bitcoin.

In December, people started talking more about the benefits of DTVs and the ecosystems around them. Kraken, for example, recently focused on an infrastructure that will allow users to use NFTs for loans.

By the fall, NFTs had become prominent, and by the first half of this year not only did crypto artists find their way, but design creations from a variety of media natures began to emerge. From legendary director Quentin Tarantino to classic teams like the Beatles to football stars like Shaq, everyone wants a cookie.

In the second half of this year, this type of engagement started out of passion. Brands such as Nike, Adidas, Budweiser, Disney and other brands have also set up NFT business.

2022: what's in the NFT store?

NFT in 2022? Don't be surprised to see more and more names entering this space. The underdeveloped areas of the NFT include the music industry and the entertainment industry which are urgently needed for reconstruction.

In addition, the online NFT community discusses ideas that NFTs in NFTs were inspired by good art "not just art". Arts-based NFTs can continue to thrive, and more NFT users still need more work to grow and specialize.

How all of this will play out, time will tell, and NFTs could still be a hot topic of community discussion in 2022.