MarketToken

In 2021, NFTs will be worth $40 billion

According to new calculations, there are a staggering amount of combined NFT share prices.

Non-fungible tokens had a remarkable surge in popularity in 2021. Even though they have been around for a long time, they witnessed a significant increase in popularity last year. According to a recent Bloomberg story, their entire market worth is staggering.

Their estimate is based on data from blockchain analytics firm Chainalysis Inc., which verifies that two Ethereum contracts linked to NFT collections collected about $41 billion in cryptocurrencies.

The staggering figure further solidifies NFT’s market position, with celebrities such as Shawn Mendes, Paris Hilton, and, most recently, former First Lady Melania Trump endorsing it.

The support does not stop there, as gaming behemoth GameStop recently revealed plans to incorporate NFTs and develop a platform for selling and buying game artifacts. A homepage devoted to this platform has already been revealed.

Unsurprisingly, the company’s stock has soared by 31% in the last 24 hours.

As more celebrities and companies join the NFT bandwagon, it appears that predicting the next celebrity or corporation to join has turned into a game of global Bingo. And, as the recent GameStop example demonstrates, proclaiming your NFT support pays financially.

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