NFT market growth in 2020

Quick Take

  • The NFT market was stagnant in the first half of 2020
  • Trends of digital collectibles were often seasonal or hype-driven
  • Overall trading volume is increasing despite a lack of growth in unique traders on NFT marketplaces
Non-fungible tokens (NFTs) are tokens that have unique attributes and are often indivisible. NFTs are usually an on-chain representation of digital art pieces, collectibles, or in-game items. The Block Research have recently mapped out the current landscape of the NFT ecosystem across 9 verticals, including marketplaces, collectibles, games, domains, infrastructure, virtual reality (VR), etc. We […]

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