A look back at NFT growth in 2021: market consolidation is $21.5 billion.

This passage is part of the annual wage.

Introduction: If DeFi invests in crypto, NFTs attract people to crypto.

2021 is known as the first year of NFT, and all major industry players, such as artists and performers from all walks of life, have access to the NFT experience and are investing one after another. The concept of NFT has been talked about since 2014, but the price of NFT, which has reached all-time highs by 2021, continues to grow in popularity and popularity.

What is NFT?

The full name of NFT is Non-Fungible Token in English, and when translated into Chinese, Non-Fungible Token is a non-profit digital asset. It is important to note that NFTs are a blockchain-based technology to represent members who prove that you are the owner of a unique digital product.

The new development of NFT is that it provides the ability to represent members of digital assets in a decentralized manner. Due to its anti-counterfeiting and transparent manufacturing process, it has been loved by people from all walks of life.

2021 NFT Data Overview and Review

2021 will be the NFT carnival march that has attracted the attention of many entrepreneurs, which project will be the best? Let's take a look at some important NFT data for 2021.

According to data from Footprint Analytics, since 2021, the NFT exchange volume was $21.5 billion, and the exchange rate before 2021 was only $120 million, and the exchange rate increased by 200 million once a year. The number of exchanges has increased 50 times, from less than 1.3 million in 2021 to 65.4 million.

NFTs have gone from small unknowns to unknowns, and are still facing external situations and changing more and more. Let's look at the improvement by connecting to data.

Q1 & Q2: NFTs with platforms for sports, entertainment and the arts have started to emerge.

In February 2021, Dapper Labs' NBA Top Shot sold a collection of movie stars in the form of NFTs, which ultimately became digital devices in the hands of consumers, generating $226 million in value, increasing the rate of exchange of the entire NFT market. . On. Last year.. NFTs inadvertently started attracting more cryptocurrency users.

Artists and performers are always surfing in the NFT room. Crypto artist Beeple's digital artwork "First 5000 Days" sold for $69 million at Christie's auction on March 11, making it the third-biggest competition for a living, creative artist of all the crypto world.

On March 23, 2006, Twitter CEO Jack Dorsey's first tweet in 2006 sold over $2.9 million in the form of NFTs, continuing to fuel the NFT craze.

Other avatar projects such as 2D CryptoPunks and 3D Meebits launched by Larva Labs have also started to gain popularity.

Q3: NFT content expansion, GameFi increase, more stars enter NFT.

NFT, which accounts for nearly half of its 2021 annual trading volume in Q3, announced its share of the global cryptocurrency market with a volume of $10 billion.

Axie Infinity made its first foray into the NFT and GameFi craze as the creator of the "Play-to-Earn" game in the blockchain arena, and launched blockchain games into a frantic development phase over the past few years. last months. Monthly sales in August were $1.8 billion, up 1500% from January 2021, and the exchange rate reached 2.8 million.

During the mourning period for the entire financial world from May to July this year, AXS showed an upward trend, breaking the existing circumstances in which all global currencies are also traded with BTC. ETH. industry.

Art Blocks' August packaging industry, an art design project, also surpassed all-time highs of $587 million and 20,000 units, making it a worthy NFT in terms of sales. and availability. work of art.

Another NFT function, Loot, is TXT, which differs from most other formats such as JPEG and GIF. The 8 rows of letters are filled with 8 randomly generated adventurer gear. Thinking together is best for NFT support. In September, the exchange rate also became a gold topic.

When ordinary people join the NFT, it can be considered a guess, and joining the cast is a big deal for the NFT. Avatar NFT Bored Ape Yacht Club (BAYC) is very popular in Star Circle. Last August, NBA star Stephen Curry paid $180,000 for Boring Ape's NFT avatar. There are also other stars like Jimmy Fallon, Logan Paul and Shaq O'Neal who are also Boring Monkeys fans.

Q4: Real estate speculators are entering the prosperity of the metaverse and virtual real estate.

On October 28, Facebook, with over 3 billion monthly active employees, announced that it had changed its name to meta, and announced that it would be "fully" future metaverse. Again, the idea of ​​a metaverse is pushed to the public.

As the level of attention increases, the metaverse constantly challenges public opinion, and now the craze for the metaverse extends to the real estate sector. Over the past couple of months, more and more investment firms have started "stealing" real estate from virtual worlds such as "The Sandbox" and "Decentraland." On November 23 (Tuesday, ET), a digital land was sold at a high value of US$2.43 million (approximately 15.52 million yuan) on virtual global platform Decentraland, raising human awareness of the virtual asset.

2021 NFT Theme: Infinite Landscape, Frequent Hotspots, No Project Importance

Throughout 2021, NFTs have evolved into a new place in the crypto world, despite being selected Word of the Year 2021 by the Collins Dictionary. At the start of the year, in the third quarter, the fortunes of Game Pie provided a powerful force, following virtual gardens as a threat. It attracts the public.

However, if you carefully watch the progress of each project, the noise of each project will be diluted by the next temperature of the project in the short term. Behind the hotspot, it is always for projects with a sharp drop in volume and staff.

Preview for 2022: How will NFTs change?

2021 is the year people get excited and excited about NFTs. How will the NFT industry improve in the quietly approaching 2022?

1) More and more companies and brands will be involved.

In the second half of 2021, many brands will start joining NFT. Brands such as Nike, Adidas, Budweiser and Disney have also set up NFT operations. It is believed that more and more brands or companies will join the new medium to promote business development.

2) The NFT ecosystem is more mature and more effective at solving problems.

NFTs are a very young place in the crypto industry. Over time, the packaging industry, value-added products and new customers have developed rapidly, the processes and solutions necessary for global change such as legalization bridges and digital artifacts are developing rapidly. It's a real problem.

3) A lot of non-fungible material is deposited on the chain.

In real life, toys, old songs, movies, photos, and even real estate can be broken down into heterogeneous assets. There are still many innovative companies or people who are just starting to use blockchain technology to facilitate this chain of assets.

If NFTs were the foundation of the next generation of the Internet, they could end up in the middle because they represented the members of our digital lives and united in our lives, where everything works just fine.