Then came the rise of NFTs. From CryptoPunk to BAYC, and then Sandbox and Decentraland, we saw how the market evolved from speculation with avatars to virtual land, and finally towards the cryptocurrencies associated with these projects.

During this time, AXS experienced another round of significant increases. Towards the end of the year, projects like People and PhantaBear emerged, marking a new chapter in the NFT craze.