$22 B. Spent on NFTs in 2021: Market for Burgeoning Medium Rapidly Expanded, Report Says

In 2021, collectors and traders spent $22 billion on NFTs, up from $100 million in 2020, reported the Guardian. The data comes from DappRadar, which regularly offers trade reports and maintains a leaderboard of the top NFT sales.
The NFT scene made a splash in early 2021 with Beeple’s landmark $69 million sale of his NFT Everydays: The First 5,000 Days (2021). To many at the time, the NFT craze seemed confined to a highly energized but fairly insular group of traders who did not