{"id":8259,"date":"2022-01-31T10:07:05","date_gmt":"2022-01-31T08:07:05","guid":{"rendered":"https:\/\/tet.lt\/?p=8259"},"modified":"2026-10-09T15:43:51","modified_gmt":"2026-10-09T12:43:51","slug":"nft-market-generated-over-23-billion-in-2021","status":"publish","type":"post","link":"https:\/\/tet.lt\/lt\/blog\/nft-market-generated-over-23-billion-in-2021\/","title":{"rendered":"NFT rinka 2021 m. generavo daugiau nei 1 600 000 000 JAV doleri\u0173 (1 600 000 JAV doleri\u0173)"},"content":{"rendered":"

NFT rinka 2021 m. generavo daugiau nei 1 600 000 000 JAV doleri\u0173 (1 600 000 JAV doleri\u0173)<\/h1>\n

\"NFTJPEGs assemble for tens of millions of dollars, auction houses selling blockchain-based works and accepting cryptocurrency for payment, fashion brands release digital items… 2021 marked a historic period of growth for non-fungible tokens (NFTs). According to DappRadar’s 2021 industry report, NFT trading volume exceeded USD 23 billion, compared with less than USD 100 million in 2020. NFTs are unique crypto-assets that may represent digital collectibles, artworks or other rights. However, NFTs should not be described as entirely unregulated. Under Regulation (EU) 2023\/1114 (MiCA), crypto-assets that are genuinely unique and not fungible with other crypto-assets are generally excluded from its scope. Nevertheless, NFTs issued in large collections or possessing characteristics of fungible crypto-assets may fall within MiCA, while other financial services, consumer protection, intellectual property and anti-money laundering requirements may still apply.<\/p>\n

The Lithuania-based blockchain analytics company, which tracks more than 30 networks that support decentralized applications, estimates that the number of unique active wallets engaging with NFTs on a daily basis went up from 5,000 in the beginning of the year to around 140,000 at year\u2019s end.<\/p>\n

During the NFT market expansion of 2021, OpenSea emerged as one of the leading NFT marketplaces and attracted substantial venture capital investment. At the beginning of 2022, the company announced a funding round valuing it at approximately USD 13.3 billion. This valuation reflected investor expectations during the NFT market boom and should not be interpreted as the company’s current market value. NFT marketplace valuations and trading activity have fluctuated substantially since 2021.<\/p>\n

Let us summarize some of the factors that led to the explosive growth of the industry this year:<\/p>\n

Celebrities: Paris Hilton, Eminem, Naomi Osaka, Tom Brady… name a celebrity who hasn\u2019t been a part of the NFT in the last 12 months. From simply buying these assets to launching their own specialized platforms, the rich and famous have helped to pave the way for the digital collection to get into the mainstream.<\/p>\n

Brands have also invaded this space massively. Luxury fashion houses such as Gucci, D&G, and Burberry introduced their first virtual wear; VISA bought one of the 10,000 24×24 pixel images of CryptoPunks NFT, fixing its blue chip status, and Nike went to buy virtual sneakers and a collectible startup, and these are just a few!<\/p>\n

Auction houses, including Christie and Sotheby, embraced digital art and began accepting cryptocurrencies for payment. In March, digital artist Mike Winkelmann, known as Beaple, joined the club of the world\u2019s most valuable living artists when his symbolic work “Everydays – The First 5000 Days” was sold for $69 million.<\/p>\n

During 2021, blockchain-based gaming, commonly referred to as GameFi, became one of the fastest-growing segments of the decentralised application industry. Play-to-earn games such as Axie Infinity attracted substantial user activity and investment. According to DappRadar’s 2021 industry report, blockchain games accounted for approximately 49% of unique active wallets interacting with decentralised applications by the end of the year. These figures describe historical activity in 2021 and should not be presented as current market shares.<\/p>\n

The hype, particularly around GameFi<\/a>, lured venture capital investors, who poured an estimated $4 billion in the category.<\/p>\n

Following Facebook’s rebranding to Meta in October 2021, investor interest in metaverse-related blockchain projects increased significantly. According to DappRadar’s 2021 industry report, blockchain-based virtual worlds generated more than USD 500 million in trading volume and reached an estimated market capitalisation of USD 3.6 billion during that period. These figures reflect the market conditions of 2021 and should not be interpreted as current valuations. Investments in metaverse-related NFTs remain subject to substantial market volatility, liquidity risks and potential loss of capital.<\/p>\n

Company in Lithuania UAB<\/strong> is a team of specialists who will help to atidaryti \u012fmon\u0119<\/a> and develop business in Lithuania.<\/p>\n

In addition to the establishment of companies<\/a>, apskaitos paslaugos<\/a> and legal services, we offer our clients assistance in obtaining finansin\u0117s licencijos<\/a> and recruiting personnel.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

NFT Market Generated over $23 Billion in 2021 JPEGs assemble for tens of millions of dollars, auction houses selling blockchain-based works and accepting cryptocurrency for payment, fashion brands release digital items… 2021 marked a historic period of growth for non-fungible tokens (NFTs). According to DappRadar’s 2021 industry report, NFT trading volume exceeded USD 23 billion,…<\/p>","protected":false},"author":1,"featured_media":8265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8,7],"class_list":["post-8259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-business","tag-crypto"],"acf":[],"_links":{"self":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/8259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/comments?post=8259"}],"version-history":[{"count":8,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/8259\/revisions"}],"predecessor-version":[{"id":8270,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/posts\/8259\/revisions\/8270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/media\/8265"}],"wp:attachment":[{"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/media?parent=8259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/categories?post=8259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tet.lt\/lt\/wp-json\/wp\/v2\/tags?post=8259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}