NFT sales hit $25bn in 2021, but growth shows signs of slowing

From cartoon apes to video clips, sales of non-fungible tokens reached about $25bn in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar show, though there were signs of growth slowing towards the end of the year.

Prices of some NFTs, crypto assets representing a digital item such as an image, video or even land in virtual worlds, rose so fast last year that speculators sometimes “flipped” them for a profit within days...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

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