{"id":36880,"date":"2021-02-23T12:15:42","date_gmt":"2021-02-23T10:15:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36880"},"modified":"2025-08-29T08:35:48","modified_gmt":"2025-08-29T05:35:48","slug":"opinion-nft-market-to-grow-severalfold-in-2021","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-nft-market-to-grow-severalfold-in-2021\/","title":{"rendered":"Opinion: NFT market to grow severalfold in 2021"},"content":{"rendered":"<p>The Canadian analytics firm NonFungible predicted substantial growth in the NFT market in 2021.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udd25\ud83d\udd25 THE 2020 EDITION OF THE NFT YEARLY REPORT IS LIVE!!! \ud83d\udd25\ud83d\udd25<\/p>\n<p>140 pages of exclusive insights, metrics and analysis, in partnership with <a href=\"https:\/\/twitter.com\/latelier?ref_src=twsrc%5Etfw\">@latelier<\/a>.<\/p>\n<p>FREE or PRO?<br \/>\nPick your Edition now!<br \/>\n\ud83d\udc49<a href=\"https:\/\/t.co\/INoDvwkS2A\">https:\/\/t.co\/INoDvwkS2A<\/a> \ud83d\udc48 <a href=\"https:\/\/t.co\/UfXQqddszD\">pic.twitter.com\/UfXQqddszD<\/a><\/p>\n<p>\u2014 NonFungible.com (@nonfungibles) <a href=\"https:\/\/twitter.com\/nonfungibles\/status\/1361240422366994434?ref_src=twsrc%5Etfw\">February 15, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the report, the total market capitalization of NFTs reached $338 million by the end of 2020. Mason Nystrom of Messari Research suggested that in 2021 this figure could grow twofold or even fourfold.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">2\/The overall Ethereum NFT (ERC 721s only) market capitalization currently sits around $338 million and IMO will easily double if not quadruple in 2021.<\/p>\n<p>Note: this just includes NFTs by project and doesn\u2019t include tokens of NFT projects or NFT marketplaces like AXS, RARI, etc. <a href=\"https:\/\/t.co\/SIZGWatyQh\">pic.twitter.com\/SIZGWatyQh<\/a><\/p>\n<p>\u2014 Mason Nystrom (@masonnystrom) <a href=\"https:\/\/twitter.com\/masonnystrom\/status\/1363283897769943051?ref_src=twsrc%5Etfw\">February 21, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to CryptoSlam, on February 22, users spent more than $60 million on NFTs, not counting high-end lots.<\/p>\n<div id=\"attachment_125692\" style=\"width: 891px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-125692\" class=\"wp-image-125692 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-105.jpg\" alt=\"NFT sales graph\" width=\"881\" height=\"723\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-105.jpg 881w, https:\/\/u1f987.com\/wp-content\/uploads\/1-105-300x246.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-105-768x630.jpg 768w\" sizes=\"auto, (max-width: 881px) 100vw, 881px\" \/><\/p>\n<p id=\"caption-attachment-125692\" class=\"wp-caption-text\">NFT sales on February 22. Data: CryptoSlam.<\/p>\n<\/div>\n<p>The CryptoPunk NFT was sold for 400 ETH. For other NFTs in the same series, buyers paid from 55 ETH to 98 ETH.<\/p>\n<div id=\"attachment_125693\" style=\"width: 895px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-125693\" class=\"wp-image-125693 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-69.jpg\" alt=\"Most valuable NFTs sold on Feb 22\" width=\"885\" height=\"823\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-69.jpg 885w, https:\/\/u1f987.com\/wp-content\/uploads\/2-69-300x279.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-69-768x714.jpg 768w\" sizes=\"auto, (max-width: 885px) 100vw, 885px\" \/><\/p>\n<p id=\"caption-attachment-125693\" class=\"wp-caption-text\">The most valuable NFTs sold on February 22. Data: CryptoSlam.<\/p>\n<\/div>\n<p>In January 2021, Topps Digital <a href=\"https:\/\/u1f987.com\/en\/news\/bernie-sanders-mitten-meme-immortalised-in-collectible-nft-cards\">introduced 18 NFT cards<\/a> featuring Senator Bernie Sanders in mittens.<\/p>\n<p>In early February, actress Lindsay Lohan sold an NFT <a href=\"https:\/\/u1f987.com\/en\/news\/lindsay-lohan-sells-bitcoin-nft-at-auction-price-tops-70000\">named \u201cLightning\u201d<\/a> on the Rarible auction for $70,000.<\/p>\n<p>On February 17, Christie\u2019s <a href=\"https:\/\/u1f987.com\/en\/news\/christies-to-auction-beeple-nft\">first put up for auction<\/a> an NFT. The work Everydays: The First 5000 Days was created by Mike Winkelmann, known as Beeple.<\/p>\n<p>On February 21, the popular meme GIF <a href=\"https:\/\/u1f987.com\/en\/news\/nyan-cat-meme-animation-sells-for-300-eth-at-foundation-auction\">Nyan Cat<\/a> was sold at a Foundation auction for 300 ETH.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/litecoin-creator-predicts-nft-crash\">predicted an NFT crash<\/a> by Charlie Lee, the creator of Litecoin, due to the \u201czero cost\u201d of their creation.<\/p>\n<p>Subscribe to ForkLog\u2019s news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian analytics firm NonFungible predicted a significant rise in the NFT market in 2021.<\/p>\n","protected":false},"author":1,"featured_media":36881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1138,1252],"class_list":["post-36880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-opinions","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36880"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36880\/revisions"}],"predecessor-version":[{"id":36882,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36880\/revisions\/36882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36881"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}