Total NFT market cap grows 11,664% in 2 years

Total NFT market cap recorded a growth of 11,664% in two years, increasing to around $10 billion from $85 million on December 2020, according to NFT Valuations data.

A recent report estimates that the NFT industry will grow steadily in the African and Middle Eastern regions during the 2022-2028 period, with a Compound Annual Growth rate of 34.3%. The current NFT spend value, which is at $3.42 billion, on the other hand, is likely to see $18.22 billion by 2028.