The beginning of this year has seen a meteoric rise and interest in the NFT space as more celebrities turn their attention and their fans’ attention to the up-and-coming direction, and more creative minds look for new ways to unleash the potential of the NFT space. In addition, major brands from various sectors of the economy are beginning to take over the space by registering trademarks for their use in the NFT world and the metaverse. As a result, community awareness is also growing rapidly.
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According to analytics platform IntoTheBlock, which recently released data related to the NFT market, total sales of NFT tokens have surpassed 18 million ETH (or $54 billion) at the time of writing.
Several months have passed since the beginning of the year, and the annual chart already shows that sales rose from $16.94 billion to $54.58 billion by April 17th. Since the beginning of the year, there has been an increase of 222.2%.
On April 13, the analytics platform released another chart that characterizes the NFT adoption curve as “just beginning.” At the moment, 4.5% of Ethereum addresses contain NFT tokens.
The NFT space seems to have a growing list of supporters . For example, among them is Gate.io CMO Marie Tatibue, who at the recent Paris Blockchain Summit agreed that NFTs will soon become more important than bitcoin, as tokens will surpass this cryptocurrency in market capitalization.
At the same time, despite the fact that Amazon does not plan to add cryptocurrency as a payment system in the near future, the company’s CEO Andy Jassi still expressed his admiration for the NFT space, hinting that the company may give tokens a chance.
