Nonfungible Tokens: A New Frontier

The "Nonfungible Tokens: A New Frontier" report by Cointelegraph Research provides a comprehensive analysis of the NFT market, which has been a focal point in the cryptocurrency ecosystem in 2021. The report discusses the evolving NFT ecosystem, key business breakthroughs, pricing strategies, regulatory challenges, and the potential for future growth. By 2021, NFT sales on Ethereum alone reached over $9 billion, with a projection of at least $17.7 billion in total sales for the year as more traders enter the market. Collectibles and art NFTs dominate with a 91% sales volume share, although other sectors like gaming are growing.