Saturday, October 1

NFTs Found Real Use With The Arrival Of The Metaverse In 2021 By CoinTelegraph

© Reuters NFTs found real use with the arrival of the Metaverse in 2021

The growth of NFTs has exploded to the next level in terms of popularity and finding acceptance from the crypto community and the general public alike. Non-fungible tokens (NFTs), which were initially considered a bubble, are expanding their coverage in the cryptocurrency universe.

According to a report by DappRadar, the NFT market has had its best year, generating more than $ 23 billion, with a minimum market capitalization of the top 100 NFT collections of $ 16.7 billion as of December 17, even earlier. to close the year.

  • Chilean chess player launches NFT collection

The biggest move for NFTs and the metaverse space has been Facebook’s (NASDAQ 🙂 announcement to change its name to Meta on October 28, in an attempt to expand its reach beyond social media and enter the metaverse. In fact, in the last week of October, it was revealed that more than $ 106 million worth of Metaverse land was sold in seven days.

Read the full article on Cointelegraph

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Reference-es.investing.com

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