What if 2021 was NFTs? 2021 Cryptocurrency Market Review – Money Times

“What are NFTs?”. The first signs of market adoption were the craze for non-fungible tokens, and money-by-play games that used the technology to attract an audience of gamers. (Image: Freepik)

The cryptocurrency market has gained strong traction globally. This year, we could see some steps towards “mainstreaming”, or popularization, of this technology. Evidence points out that the question is no longer “if” this market will catch on, but “when.”

In this sense, the issue and adoption of blockchain technology has changed a lot in 2021.

We see these movements involving NFTs, Metaverso, El Salvador and even the gaming industry. Check out the top facts about expanding this market this year.

“What is an NFT?”

One of the questions that popped up in the trending topic on Twitter and Google itself was: “What is an NFT?”. The first signs of market adoption were the craze for non-fungible tokens and earn-by-play games that used the technology to attract an audience of gamers.

The first popular game, Axie Infinity from the Ethereum (ETH) network, launched in 2018 but really exploded between the end of last year and the beginning of this year. Its governance token, AXS, appreciated more than 18,800% in a year.

The game surpassed $1 billion in token and NFT sales in August, making room for others to adopt the technology, such as Decentraland, The Sandbox, and future releases. like a star map and Iluwim.

In addition to games, the NFT market as digital art has solidified a lot. Collectibles are sold at very high prices, such as the “cryptopunks” case sold by the Ethereum OpenSea marketplace, reach $1 billion On sale at the end of August.In the same month, the company Visa acquires cypherpunk 7,610 for about $150,000.

Solana Network NFTs follow. The “Degenerate Ape” series is the network’s first millionaire series. In September, blockchain consulting firm Moonrock Capital, Bought one of the NFTs from Degenerate Ape Academy 5,980 soles (approximately $1.1 million).

Check out the best-known NFTs on the market:

The most expensive NFTs in 2021 (Image: Money Times)

The most expensive and talked about NFTs infographic in 2021

NFTs have reached the famous

The factor driving the growth of the NFT market is the adoption by well-known and established companies.The situation is this NBA star Stephen Curry, He purchased an item from the Ethereum network’s Bored Ape Yatch Club collection for about $180,000.

Dapper Labs, a blockchain technology startup, has partnered with the North American Basketball League to create “NBA Top Shot,” a collection of NFTs featuring videos of the NBA’s most memorable games. Due to its success, the company extended the concept to American football and created “NFL All Day”.This Marvel also released its first series Official NFT on the Veeve platform, which also contains hero comics.

Still within the confines of big companies sticking to digital collectibles, TikTok launched a series of non-fungible tokens in October, bringing together major creators of content with big creators of NFTs.

Top TikTok Moments The debut featured six “culturally significant TikTok videos” in NFT format from creators including Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka, Jess Marciante and Gary Vaynerchuk.

Not even football was left behind. Vasco partnered with broker Binance, Launched its own collection of NFTs At the end of November. A special series of NFTs aims to commemorate the date and their debut in the non-fungible token space.

The technology is even being used in pre-sales marketing for the new Spider-Man 3 movie, which will be released in December.

The initiative is a Sony Pictures partners with North American theater chain AMC, to keep your customers. Buying a ticket to the Marvel Heroes’ third movie premiere special ticket guarantees an NFT.

86,000 NFTs were offered in the promotion. The success was so great that, in addition to selling out tickets in less than 24 hours, there was instability on the site where tickets were purchased.

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