France adopts softer approach to digital asset regulation

France is adopting a softened approach to digital asset regulations that will give virtual asset service providers (VASPs) more time to comply with...

Total NFT market cap grows 11,664% in 2 years

- Advertisement -


Total NFT market cap grows 11.664% in 2 years Total NFT market cap grows 11.664% in 2 years

Total NFT market cap grows 11.664% in 2 years

- Advertisement -

The current NFT total market cap is around $10 billion, which is 50% less than the total market cap in December 2021.

Total NFT market cap grows 11.664% in 2 years
- Advertisement -

Cover art/illustration via Cryptooshala

- Advertisement -

Total NFT market cap recorded a growth of 11.664% in two years, increasing to around $10 billion from $85 million on December 2020, according to NFT Valuations data shared by crypto influencer 6529.

Source: punk6529
source: punk6529

The impressive two-year growth rate was still recorded despite the heavy conditions of the bear market. On late December 2021, the total NFT market cap was around $20 billion, which is 50% higher than today’s volume and 23.429% higher than in late December 2020.

Dozens of NFT platforms were launched in the last couple of years as giants like Apple, Reddit, Starbucks, Winamp, and MetaMask entered the NFT field. The NFT sphere was one of the most resilient areas of crypto. It remained more or less intact during the coldest bear market the crypto history has witnessed, while some areas like Sports NFTs recorded impressive growth rates.

Moreover, recent studies indicate that the NFT market will grow even more. A recent report estimates that the NFT industry will grow steadily in the African and Middle Eastern regions during the 2022-2028 period, with a Compound Annual Growth rate of 34.3%. The current NFT spend value, which is at $3.42 billion, on the other hand, is likely to see $18.22 billion by 2028.

Read Our Latest Market Report

How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them

DCG as Grayscale trusts face steep discounts and increased competition from ETFs.

How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them





Credit : cryptoslate.com

- Advertisement -