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There are close to nine different verticals in the NFT space, including avatar collections, DeFi NFTs, collateralized NTSs, virtual worlds, trading marketplaces, play-to-earn games, music Nfts, and many more streams being created utilizing different forms of utility. The total trading volume observed on marketplaces combined with games like Axie Infinity is over $16 billion to date. The Bored Ape Yacht Club just crossed $1 billion in trading volume on OpenSea.