• Trading in nonfungible tokens hit $17.6 billion last year, an increase of 21,000% from 2020, according to a report from
  • NFTs entered mainstream consciousness in a big way, with celebrities and major companies increasingly warming to the market.
  • People also got better at making money from NFTs, generating a total $5.4 billion in profits through sales of the tokens in 2021.
People walk by a Bored Ape Yacht Club NFT billboard in Times Square on Jan. 25, 2022.

Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new report from NFT data company

The study, developed with BNP Paribas-owned research firm L'Atelier, said trading in NFTs hit $17.6 billion last year, reflecting an eye-watering 21,000% surge from 2020's total of $82 million.