Hype, hope and a promising future for NFTs?

Non-fungible tokens (NFTs) performed surprisingly well in 2022, but will they continue to draw interest this year following controversies in the broader crypto sector? Regulation is the biggest unknown for the industry and while regulators determine rules, a landmark case in Singapore could support progress.

Liza Tan

March 28, 2023

With $37 billion in transaction volume in 2022, collectors managed to close in on the $40 billion they sent to non-fungible token (NFT) marketplaces in 2021, according to proprietary Chainalysis data shared with FinanceAsia. So far this year, NFT sales have generated over $2 billion.

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