Why NFTs?

LET'S LOOK AT NFTS AND THE IMPACT ON GAMEFI

In 2017, the cryptocommunity was introduced to one of the first blockchain games, Crypto Kitties, which gives the opportunity to buy unique NFT cats. Their value lies in the fact that each crypto-cat has a certain set of characteristics, in addition, users can crossbreed them with the cats of other players.

Non-Fungible Tokens have certainly been an inspiration in the emergence and high-profile growth of GameFi. By today, NFT technology has literally turned the contemporary art industry upside down, enabling ordinary users, collectors, investors and authors to make huge financial gains in the cryptocurrency world.

During the last week, according to Nonfungible.com, NFT sales totaled over $1.6 billion!

And in August of this year, sales on one of NFT platforms, OpenSea, were over $3.4 billion, according to Dune Analytics. The number of NFTs sold in a month was over 1.7 million. The total number of active users on OpenSea exceeds 700,000.

According to a DappRadar report, NFT trading volume rose to $10.67 billion in the third quarter of 2021. August was the peak point with trading volume of over $5.2 billion. And despite a brief downturn in September this year, trading volume was maintained at $4-5 billion. DappRadar noted that for the entire NFT segment, the third quarter of 2021 was a record trading volume and reached 38.060% growth, times higher than the previous year.

In September 2021, about 1.71 million Unique Active Wallets connected to various dApps daily. The average for the quarter was 1.54 million, a 487% increase over the previous year.

The high popularity of non-fungible tokens is confirmed by the search query in Google, which is at a record level today in contrast to "Ethereum" and "Blockchain". Over the past month, users around the world have become more interested in NFT technology.