This year, there are over $9 billion in NFT sales on Ethereum so far. Total NFT sales are expected to achieve at least $17.7 billion by the end of the year, as new traders look to boost secondary market activity. Historically, the NFT’s dependence on cryptocurrency has been quite high. NFTs waned in popularity during the 2018 bear market in cryptocurrency and again in June and July of 2021 when the cryptocurrency market pulled back. Elevated interest in NFTs has coincided with the overall upt...

This year, there are over $9 billion in NFT sales on Ethereum so far. Total NFT sales are expected to achieve at least $17.7 billion by the end of the year, as new traders look to boost secondary market activity. Historically, the NFT’s dependence on cryptocurrency has been quite high. NFTs waned in popularity during the 2018 bear market in cryptocurrency and again in June and July of 2021 when the cryptocurrency market pulled back. Elevated interest in NFTs has coincided with the overall upt...