When did NFTs become popular in the cryptocurrency market?

3 answers

• Jan 11, 2022 · 3 years ago
  NFTs started gaining popularity in the cryptocurrency market around 2017 when CryptoKitties, a blockchain-based game, became a sensation. This marked the beginning of the NFT craze, as people started realizing the potential of owning unique digital assets on the blockchain. Since then, NFTs have continued to grow in popularity and have become a major trend in the cryptocurrency market.
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• Jan 11, 2022 · 3 years ago
  The popularity of NFTs in the cryptocurrency market skyrocketed in early 2021. This was mainly due to high-profile sales and endorsements from celebrities and artists. The sale of Beeple's artwork for $69 million in March 2021 grabbed headlines and brought NFTs into the mainstream. Since then, NFTs have been widely discussed and traded in the cryptocurrency community.
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• Jan 11, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, witnessed a surge in NFT trading volume in late 2020 and early 2021. This indicates that NFTs started gaining significant popularity in the cryptocurrency market during that period. The unique nature of NFTs and their potential for digital ownership attracted many traders and investors to explore this new asset class.
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