Cryptocurrency bonanza in 2021, all thanks to these heavyweight events

2. $69.3 million worth of NFT

When digital artist Mike Winkelmann's (aka Beeple) NFT work "Everydays: The First 5000 Days" sold for a whopping $69.3 million in March of this year, the eye-popping figure shocked the traditional art world. Although NFT has become increasingly popular, this event has made the concept of NFT even hotter, not only giving rise to the crypto art market, but also causing various industries to compete for the NFT market, whether it is movie characters, music products, or game IPs, art collections, NFT products are "flying into ordinary people's homes". .

Although there are still many problems in terms of internal advantages and relative value, NFT seems to have staying power. Some industry experts say the potential of NFT is far greater than what we can see at this point. Industry veteran William Quigley said that NFT will become ubiquitous in the next 10 years and will become a revenue model for the meta-universe.