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Nonfungible Tokens: A New Frontier

nonfungible tokens a new frontier

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Nonfungible tokens have become one of the integral parts of the Decentralized Finance (DeFi) world. Cointelegraph Research provides an insight into the industry, evaluating the NFT ecosystem alongside, enterprise use cases, their pricing cases, valuation models, challenges and projected market growth.

nonfungible tokens a new frontier this report covers nft ecosystem business breakthroughs creation of nfts pricing and valuation regulation and challenges future growth nonfungible tokens a new frontier

nonfungible tokens a new frontier this report covers nft ecosystem business breakthroughs creation of nfts pricing and valuation regulation and challenges future growth nonfungible tokens a new frontier cointelegraph research presents the nonfungible tokens a new frontier report which discusses one of the main topics of 2021 and one of the centrepieces of the current cryptocurrency market landscape this report covers nft ecosystem business breakthroughs creation of nfts pricing and valuation regulation and challenges future growth elevated interest in nfts coincided with the overall bull market in 2021 leading to over 9 billion in sales on ethereum so far this year total sales this year are expected to achieve at least 17 7 billion by the end of the year as new traders enter the market as the nft market continues to develop and thrive a complete ecosystem has evolved comprising infrastructure dapps and marketplaces the number of nft projects has been growing extensively over the last three years figure 1 number of nft projects on ethereum source cointelegraph research cagr calculated on data from nonfungible com from january 1 2018 to august 31 2021 the collectibles and art nfts dominated in 2021 with a 91 sales volume share nevertheless games virtual worlds and other nft related markets are still thriving with multiple projects launched in the recent past figure 2 major nft dapps source cointelegraph research

Cointelegraph Research presents the “Nonfungible Tokens: A New Frontier” report, which discusses one of the main topics of 2021 and one of the centrepieces of the current cryptocurrency market landscape. This report covers:<ul><li>NFT Ecosystem </li><li>Business breakthroughs</li><li>Creation of NFTs</li><li>Pricing and Valuation</li><li>Regulation and Challenges</li><li>Future Growth</li></ul>Elevated interest in NFTs coincided with the overall bull market in 2021, leading to over $9 billion in sales on Ethereum so far this year. Total sales this year are expected to achieve at least $17.7 billion by the end of the year as new traders enter the market. As the NFT market continues to develop and thrive, a complete ecosystem has evolved, comprising infrastructure, DApps and marketplaces. The number of NFT projects has been growing extensively over the last three years:Figure 1 / Number of NFT Projects on Ethereum

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nft figure 1

Source: Cointelegraph Research, *CAGR calculated on data from <a target="_blank" href="http://NonFungible.com">NonFungible.com</a> from January 1, 2018, to August 31, 2021The collectibles and art NFTs dominated in 2021 with a 91% sales volume share. Nevertheless, games, virtual worlds and other NFT-related markets are still thriving, with multiple projects launched in the recent past:Figure 2 / Major NFT DApps

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nft figure 2

Source: Cointelegraph Research

This report covers, NFT Ecosystem, business breakthroughs, creation of NFTs, pricing and valuation, regulation and challenges, future growth.


Cointelegraph Research presents the “Nonfungible Tokens: A New Frontier” report, which discusses one of the main topics of 2021 and one of the centrepieces of the current cryptocurrency market landscape. 
This report covers:

NFT Ecosystem 

Business breakthroughs

Creation of NFTs

Pricing and Valuation

Regulation and Challenges

Future Growth
Elevated interest in NFTs coincided with the overall bull market in 2021, leading to over $9 billion in sales on Ethereum so far this year. Total sales this year are expected to achieve at least $17.7 billion by the end of the year as new traders enter the market. 
As the NFT market continues to develop and thrive, a complete ecosystem has evolved, comprising infrastructure, DApps and marketplaces. The number of NFT projects has been growing extensively over the last three years:
Figure 1 / Number of NFT Projects on Ethereum 
Source: Cointelegraph Research, *CAGR calculated on data from NonFungible.com from January 1, 2018, to August 31, 2021
The collectibles and art NFTs dominated in 2021 with a 91% sales volume share. Nevertheless, games, virtual worlds and other NFT-related markets are still thriving, with multiple projects launched in the recent past:
Figure 2 / Major NFT DApps 
Source: Cointelegraph Research