The Dark And Bright Side Of NFTs – Here’s Top Five Gainers And Losers In NFT history
Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens are speculative, similar to other digital assets like Bitcoin and Ethereum. Since their supply and demand drive their market volatility, these digital assets are subject to severe and astonishing price swings, making big gains followed by enormous losses sometimes within a matter of hours. Rise of NFT Popularity The timeline of NFT history started way back in 2014 with the first NFT, Quantum, created by Kevin McCoy. During this time, most unique non-fungible token collections emerged on the foundations of the Ethereum chain before coming into the limelight sometime in 2017. In 2021, the non-fungible token market experienced the highest market hype in the history of crypto. At the time, the market hype left many digital collectibles reaching new all-time highs. The NFT market reached a trading sales volume of $2.9 billion in late 2021. But unfortunately, the NFT market has suffered a b...