The non-fungible tokens (NFT) celebrated their big breakthrough in 2021. According to research by Cointelegraph, the volume of NFTs traded last year was over $ 18 billion. What were the biggest NFT trends of the past 12 months?
1. NFT collaborations with celebrities
The rise of the NFTs and the fact that a lot of money can be made with digital works of art has not escaped many celebrities. They have the opportunity to top up their accounts with their own NFT collections . Celebrities who published their own NFT collections or entered into partnerships with major platforms through NFT Drops included actress Mila Kunis, rapper Snoop Dogg, NBA star Kevin Durant and cult director Quentin Tarantino.
2. Play-to-earn NFT Games
Another big trend in 2021 was the play-to-earn principle (P2E). Participating players can also earn and trade NFTs within P2E Games . The best known example of such a P2E NFT game is Axie Infinity. There the players can acquire digital creatures, the so-called Axies, breed them and fight with them. Each Axie is a unique NFT, which is based on the Ethereum blockchain. In the past 30 days, Axies have been traded valued at around 125,000 ETH.
3. Metaverse NFTs
The metaverse was also one of the biggest topics on the crypto market in 2021. In particular, the renaming of the Facebook parent company to Meta triggered an insane hype about the decentralized metaverses. NFTs play an essential role in the metaverse to guarantee the uniqueness of the virtual assets in these virtual worlds. Big brands like Adidas and Nike have announced plans to design NFT collections in their name in the Metaversum.
4. Non-profit and philanthropic causes
More and more donation organizations are accepting donations in the form of cryptocurrencies. The Giving Block platform raised 100 million in donations in 2021. This has also entered into a partnership with NFT platforms. So go numerous sales proceeds from the sale of NFTs in the donation account of Giving block. Virtual auctions have also brought in large amounts in other ways this year. For example, in one case a school was built in Uganda and in another case health care workers received financial support.
5. NFT revolution in the art world
With traditional works of art, artists still have to travel around the world to participate in major auctions. With virtual NFT artworks, auctions are accessible to far more people . With that, NFTs revolutionized the art world in 2021. In the meantime, the virtual works of art bring in amounts of several million dollars. If you want to get into NFT art, stop by Opensea !
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