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NFTs are virtual tokens that represent ownership of something inherently distinct and scarce, whether it be a physical or digital item, such as artwork, a soundtrack, a collectible, an in-game item or real estate. Unlike regular cryptocurrencies like bitcoin or fiat money like the U.S.
The NFTs is a one-trick pony that climbed the ladders of success in recent years. The growth of NFTs is tremendous, and according to Pymnts.com, the total sales volume of NFTs has nearly crossed $2.5 billion in the last six months of . Surprisingly, the total sales volume of NFTs was $13.7 million in 2020. On comparing both the values.