NFT Market Surpassed $40 Billion in 2021, New Estimate Shows

41000
Present Value (M$)
2021
Forecast Value (M$)
CAGR (%)

Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis Inc.