Market Size
With $370 billion dollars at stake for physical collectibles alone - including trading cards, games, toys and collectible cars. NFTs will not only continue but also expand into other industries such as video gaming or books where digital tokens can replace traditional centralized approaches. These decentralized blockchain are here to take full advantage of the concept of the open economy and give participants true ownership over their digital goods. โ In 2020 global transaction volume for NFTs reached about 338 million, while sales numbers are steadily growing across some major marketplace places. NASDAQ's article on the global NFT market states that it could grow 1,000 times bigger over the course of just 10 years. And with all this newfound wealth available in cryptocurrency markets - you might as well set up camp on the dark side of the moon in order to prepare for this lunar landing.
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