Recently, the trading volume of NFT has seen a steady increase. there are many reasons for this, raising public awareness of the existence of non-fungible tokens and the metaverse is one of them. Especially after transitioning a number of celebrities and brands there.
According to the data from IntoTheBlock, the cryptocurrency market analytics platform retrieved on April 18, the total volume traded in NFTs has recently exceeded 18 million ETH or $54 billion in aggregate value.
The global trading volume of NFTs grew from $16.94 billion on the first of January 2022, to $54.58 billion on April 17. That represents a 222.2% increase since the year’s turn.
On April 13, the platform said that the NFT adoption curve was actually “just starting”. Only 4.5% of ETH addresses were linked to holders of NFTs.
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Although this percentage is increasing slowly as per IntoTheBlock data, it is kind of stable over time.
However, the believers in the future boom of NFTs in the crypto community are a lot. Including Marie Tatiboue, Gate.io’s chief marketing officer (CMO).
Tatiboue said that she agreed with Shark Tank’s Kevin O’Leary in his view that NFTs can one day outshine Bitcoin in terms of market capitalization.
“Absolutely. I think 100% because the NFT market can be so many different things. And I really do think for example all of the art pieces will have NFTs. Or fractionalized NFTs as well associated with them every single piece of art for short not now. But 10 years from now I’m almost certain.” She said.