Too Long; Didn't Read
There has been an explosion of interest surrounding NFTs in the past few months. The total value of the NFT market is over $250 million; with the volume of NFT transactions tripling in 2020. While virtual worlds make up around 25% of the market, digital art is catching up fast. At the high end, you have artists like Beeple (aka Mike Winklemann), who recently sold the unique digital piece Everydays: The First 5,000 Days at auction for $69m. The most compelling developments have been taking place in the gaming space.