NFT Adoption Market Analysis Report from Blockchain App Factory
Non-fungible tokens (or NFTs) are digital tokens that represent digital and real-world assets on the blockchain that have been changing things for the better in various industries worldwide. It relies on transparency and censorship resistance ensured by intermediary-less smart contracts powered by immutable layer-1 and layer-2 blockchain networks.
NFTs have formed a new-age ecosystem that connects creators, fans, collectors, investors, brands, entrepreneurs, and governments and lets them interact with one another via digital assets. The NFT market in 2023 has been resurgent post the prolonged bearish trend. This NFT adoption market analysis report from Blockchain App Factory emphasizes the trends we can witness in the current NFT space.