The rise in demand for non-fungible tokens (#NFTs) has not gone unnoticed by venture capital (VC) investors, who are investing millions in NFT firms to build avatars, gaming platforms, and collectibles.
GlobalData’s latest report, ‘Towards Next-Generation Asset Class: Can NFTs Outlive Hype As the New Gold of Crypto Economy?‘, highlights VC deals in the NFT space have remarkably increased in 2021. VCs see NFTs as a good investment opportunity, and they are investing in firms that are developing NFT solutions that are primarily related to collectibles.
According to the report, NFTs are evolving as a potential digital asset investment platform for investors across the globe. With better regulatory standardization, infrastructure development, and legalization, NFTs have the potential to become the next crypto revolution.
GlobalData’s latest addition to the FutureTech series is a data-driven report highlighting the current state of play and the future potential of NFTs across key applications.
Get your hands on the latest copy of “Towards Next-Generation Asset Class: Can NFTs Outlive Hype As the New Gold of Crypto Economy?”