Blog post: NFT - trends and applications - experts guide
The hype around Non-Fungible tokens (NFT) innovation is not going to stop as its sales volume is climbing year on year. NFTs come with excellent opportunities for the digital content authors to make profits while safeguarding intellectual property. They do so by representing unique intangible items in the form of 3D models, songs, videos, memes, images, GIFs etc. This has resulted in creating an increasing number of NFT creators and growing number of customers for the same. Considering the growing popularity and prominence of NFTs, eminent brands are focusing on having their own non-fungible tokens. Companies like Nike, Adidas, Coca Cola, Pepsi have already released their own NFTs. Recent statistics of NFT market According to Chainalysis, a blockchain data company, the NFT token market accounted for 41 billion dollars at the end of 2021. Capitalization of NFT transactions experienced a tenfold increase between 2018-20 from 40.96 million dollars to a little more than...