Mapping out the non-fungible token (NFT) ecosystem

Quick Take

  • Non-fungible tokens (NFTs) are tokenized, blockchain-based provably scarce, non-divisible collectible items
  • Advocates of NFTs believe that this technology can disrupt the gaming industry, create new markets for in-game items, digital art/collectibles, and even revolutionize markets for physical items sold by creators to capture their products’ resale value
  • In total, the NFT ecosystem has amassed at least 73 startups, games, collectibles, and protocols across 9 verticals, which The Block has mapped out.
Non-fungible tokens (NFTs) are tokenized, blockchain-based provably scarce, non-divisible collectible items. The first well-received game utilizing NFTs, CryptoKitties, boomed in popularity at the end of 2017. After Dieter Shirley of AxiomZen proposed the ERC-721 non-fungible token standard, there was an eruption of games, collectibles, and infrastructure built around the NFT ecosystem. Advocates of NFTs believe that this technology can […]

This report is for Research Members

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Learn More Already a Research Member? Sign In

Related Reading

More