NFTs explode into $27B phenomenon as investors with ‘bigger bags’ put them to work

The non-fungible token (NFT) market has exploded this year into a $27 billion segment of the crypto market according to a new report from Chainalysis, which underscored what separates the most profitable digital collectors from the rest.

NFTs are a family of crypto assets that hold ownership of unique data linked to a blockchain — most often Ethereum (ETH-USD). They can be packaged as digital collectibles, works of art, music, video game items, real estate of virtual reality platforms, and…


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