2021
ETHERIA FINALLY SELLS
2022
2020
GAINING MOMENTUM
In 2020 , the NFT market experienced rapid growth with its value tripling compared to 2019 figures . The US Patent and Trademark Office also received three trademark applications for NFTs – an indication that creators were taking the space seriously and wanted to protect their assets .
For the first five years , the majority of Etheria ’ s ‘ purchasable , tradeable , hexagonal assets ’ remained unsold . But in 2021 , renewed interest in the space resulted in what experts have called a buying frenzy . According to reports , within 24 hours , all tiles were sold for a total of US $ 1.4mn , cementing the success of the NFT space .
MARKET INSTABILITY SEES NFTS CRASH
NFTs are now among the
most speculative digital assets of the crypto scene . In May 2022 , for example , reports of the NFT market collapsing saw daily sales drop by a massive 92 %. Already this year , however , the market value for NFTs has surpassed the US $ 40bn milestone of 2021 , suggesting it is simply experiencing a typical crypto bounce and will continue to mature and expand as regulatory practices and new technologies stabilise the space .