Increased adoption of Metaverse NFTs will power the next NFT growth cycle

Metaverse and blue-chip nonfinable tokens are the driving force behind the dramatic growth in the NFT market. Projects like Board Apps, Crypto Punks, Azuki, Clone X and Doodles Collection have consistently attracted the interest of collectors over the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate of over 20,000% and an estimated $ 17 billion in sales.

For an industry that once occupied a small sliver of attention in the crypto blockchain world, it is clear that NFTs are here to stay despite previous criticism of their transient nature. However, given the recent stagnation in the NFT market, investors and collectors alike are now looking for new frontiers where they can capitalize on the innovative application of NFT technology in a variety of applications.