Introduction

In 2021, the non-fungible token (NFT) space generated more than $23 billion in trading volume, with single digital assets commonly fetching prices in the millions of dollars.

Source: nyan.cat

For example, an animated image of the rainbow-shooting "Nyan Cat" sold for $660,000 in a blockchain sale, while musician Steve Aoki released his music video Hairy as an NFT and sold for $888,888.88.

Source: YouTube