Increased use of Metaverse NFTs will drive the next NFT growth cycle of Cointelegraph

Increased use of Metaverse NFTs will drive the next NFT growth cycle

Metavers and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth of the NFT market. Projects such as Bored Apes, Crypto Punks, Azuki, Clone X and the Doodles collections have steadily attracted the interest of collectors over the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate of over 20,000% and a sales volume of approximately $ 17 billion.

For an industry that once occupied a little bit of attention in the crypto / blockchain world, it is clear that NFTs have come to stay despite previous criticisms of their volatile nature. However, given the recent break in the NFT markets, both investors and collectors are now looking for new frontiers where they can benefit from the innovative application of NFT technology in various application cases.

Constantin Kogan is a co-founder of BullPerks and GamesPad, partner at BitBull Capital, founder of Adwivo and former CEO of Wave Financial as well as entrepreneur, meta-connector, influencer, blockchain technology enthusiast and digital asset investor and a top-thinking leader in hedge funds, IT startups, venture capital , healthcare, agriculture, real estate and media / entertainment. Constantin holds a Ph.D. in sociology, and M.Ed. and speaks fluent five languages.