The Expected Future Growth of NFT Marketplace
NFT Market Growth
The unusual rise in NFT trading shows the immense potential of the NFT marketplace. The evolution of the VR/AR gaming market, speculative investor interest, the relative stability of gas prices (particularly on Ethereum), and the possible emergence of dedicated NFT-focused blockchains. NFTs haven't yet demonstrated their ability to retain value over time. Volume is relatively low (but growing), and NFTs remain highly illiquid.
We recently heard the news regarding a smash hit in the NFT marketplace when a buyer paid $1.5 million for nine virtual land plots. It's a collective mania shared by an increasing number of crypto-savvy investors. Capitalism is a social aspect, and crypto investors understand maximizing the utility of monetizing all things within the cyber world.