Almost $41 billion value of cryptocurrency was despatched to 2 kinds of Ethereum good contracts related to NFT marketplaces and collections from the start of 2021 by mid-December, in accordance with a brand new estimate from blockchain analytics agency Chainalysis Inc.
The metric revises an estimate the agency included in a December report on NFTs that was based mostly on knowledge by mid-October, stated Maddie Kennedy, a spokeswoman for Chainalysis.
The recognition of NFTs, or non-fungible tokens, exploded in recognition final 12 months with recording-breaking, multimillion-dollar gross sales and celebrities, equivalent to singer Shawn Mendes, socialite Paris Hilton, and former first woman Melania Trump leaping on the bandwagon.
Supply: Live Mint