• NFTs ballooned to a $41 billion market in 2021 and are catching up to the total size of the global fine art market

    15 days ago - By Business Insider

    Hands holding NFT against purple background. Getty Images stock photo
    The market for non-fungible tokens surged to $41 billion in 2021, according to the newest metric.
    By comparison, sales in the conventional art market were about $50 billion in 2020.
    Traditional art auction houses like Christie's have begun selling NFTs to get in on the hype.
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    The market size for digital collectibles known as NFTs is catching up to that of the traditional art market. By the end of 2021, the marketplace for non-fungible tokens, which...
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