According to Odaily, data from NFTScan Multichain reveals that as of May 29, more than 3.88 million Non-Fungible Token (NFT) collections have been deployed on the blockchain. The total issuance of NFTs has reached 1.84 billion, with an overall market value of approximately $273.3 billion. The trading volume has hit $1,046.5 billion.
NFTs, unique digital assets that represent ownership of a specific item or piece of content, have seen a significant surge in popularity and usage. The data indicates a robust and growing market for these digital assets, with a substantial increase in the number of NFT collections deployed on the blockchain.
The total market value of these NFTs, standing at $273.3 billion, demonstrates the substantial economic impact of this digital asset class. Furthermore, the trading volume reaching $1,046.5 billion underscores the high level of activity and interest in the NFT market.
This data provides a snapshot of the current state of the NFT market, highlighting the significant growth and potential of this digital asset class. As the blockchain technology continues to evolve and mature, the NFT market is expected to continue its upward trajectory.