The excitement over this space has been accompanied by the birth of a new niche: NFT Metaverses. Sales of NFTs surged to $10.7 billion in Q3 2021, up a staggering 700%+ from the previous quarter, while the total value of NFTs has rocketed to a new record high of $43 billion in October 2021. If the crypto sector can be called dynamic, the NFT market can be considered to be on fire. While the global market cap of cryptocurrencies continues to rise, investors are witnessing an unprecedented investment interest in Non-Fungible Tokens (NFTs).
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