Cross-Chain NFTs: Road to Interoperability
Posted by EdwinHoover on October 4, 2023, 2:41 pm
Even though non-fungible tokens (NFTs) have been around since 2014, they did not gain steam till the pandemic hit. NFT sales in 2020 went through the roof, shattering all previous records. But it was 2021 that really cemented NFTs as a highly promising utility-based asset. NFT sales surpassed $25 billion in 2021, particularly catalyzed by the widespread interest in collectibles of all kinds – in this case, digital portraits of apes and pixelated characters (Source: Decrypt). The interest from top brands and sports teams also helped, with giants such as Nike, Adidas, Gucci, the NBA and McLaren joining the bandwagon.
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