How big is the NFT industry in terms of dollars?

The NFT (Non-Fungible Token) industry has witnessed explosive growth in terms of dollars over the past few years. In 2020 alone, NFT sales amounted to approximately $250 million, which was a significant increase from the previous year. However, the real boom came in 2021 as the industry gained widespread attention and adoption. In the first half of the year, NFT sales surged to an astounding $2.5 billion, showcasing the immense potential and popularity of this digital asset sector. With the involvement of renowned artists, musicians, celebrities, and even global brands, NFTs have generated astronomical prices for unique digital collectibles, artwork, music, virtual real estate, and more. As the NFT market continues to evolve and expand, it is clear that the industry holds considerable financial value and is poised for further growth in the coming years.

This mind map was published on 18 September 2023 and has been viewed 59 times.