The boom in Non-Fungible Tokens (NFTs) is advancing faster than ever, reaching new price and volume records in 2021:
Digital artwork “Everydays — The First 5000 Days,” sold for $69 million at a Christie’s auction in March. Sales of NFTs surged 700%+ to $10.7 billion in Q3 2021 over Q2 2021. The overall value of NFTs globally has surpassed $43 billion.
The proliferation of NFT gaming is adding more fuel to the fire – Axie Infinity, one of the most popular NFT metaverses, is on track to generating $2.7 billion in 2021, almost only from sales of character and in-game NFTs.
In such an unprecedented and dynamic market, NFT buyers and collectors often face a set of challenges:
Hidden Fees – Most of