Although a number of people tend to concentrate on decentralized finance (defi), demand for the non-fungible token (NFT) industry also exploded in 2020. NFT revenues jumped nearly $ 1 million in volume last week as the blockchain-based Sorare fantasy soccer card game saw revenues of over $221,000 over the past seven days.
Although a number of people focus on decentralized finance (defi), demand for the non-fungible token industry (NFT) also exploded in 2020. NFT sales soared nearly $ 1 million in volume last week when over the past seven days the blockchain-based Sorare fantasy soccer card game saw sales of over $221,000.
This year, the popularity of NFTs has jumped considerably, as the concept is seeing a massive amount of funds flowing into the industry.
Overall, the non-fungible token (NFT) market continues to develop and the industry has been shown to be much more robust by 2020. People are starting to realize that NFTs can represent almost everything in the virtual world and that even NFTs can be connected to the real world with things such as tickets for events and raffles.
A whole new universe of NFT collectibles, rare art pieces, extensible in-game objects, and large virtual worlds are being developed by crypto developers so far. The growth of the non-fungible token economy shows no signs of slowing down any time soon.