With $37 billion in transaction volume in 2022, collectors managed to close in on the $40 billion they sent to non-fungible token NFT marketplaces in 2021, according to proprietary Chainalysis data shared with FinanceAsia. So far this year, NFT sales have generated over $2 billion.
In the digital art space, the last two years saw the rise of profile picture or PFP collections, including Bored Ape Yacht Club BAYC and Pudgy Penguins, according to Amy Zhao, executive director and lead of the Ocular Fund by Openspace.
This year, she is looking forward to “wider use cases for NFTs which are still in early stages”,...
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