Nonfungible.com: NFT game sales hit $5.17B in 2021
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Nonfungible tokens (NFTs) took off in 2021, and Nonfungible.com is reporting that NFT game sales hit $5.17 billion during the year.
L’Atelier BNP Paribas and NonFungible.com released a report about the entire NFT market, and they said the larger NFT sales for all markets hit $17.6 billion in 2021, up 200 times from $82 million in 2020.
That means a lot of people believed that NFTs, which use the transparency and security of the digital ledger of blockchain to authenticate unique digital items, are the next big thing. But perhaps an equal number believe that NFTs are full of scams, pump-and-dump schemes, money laundering, and other things that are bad for consumers.
The thing about blockchain is that it’s transparent, and so it’s not hard to do this kind of accounting. L’Atelier BNP Paribas and NonFungible.com found that there are more than 2.5 million digital wallets holding or trading NFTs, up from just 89,000 wallets the year before. If every one of those wallets participated in NFT purchases last year, that means the average purchases of NFTs during the year was $7,040. The actual number of NFT buyers rose from 75,000 in 2020 to 2.3 million in 2021.
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“2021 was an incredible year. For many, the explosion that surrounded the Collectibles segment is considered a “bubble,'” said Dan Kelly, CEO of NonFungible.com, in a statement. “On the contrary, we believe that today, every community that was created in 2021 has a digital identity. It is essential that there are strong values carried by strong communities as we start to build a whole new web3 industry.”
Kelly added, “Even if the figures are
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