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Daily Times
July 3, 2021
There is an old story of a man with a long beard. He lived in a village where somehow his neighbours did not like him. They all wanted to expel him from the village. However, they could not find any valid excuse. One day, a genius came up with a genius idea. He assured villagers that the man with the beard would now have to leave the village. He raised the objection that whenever that man spoke, his beard moved, which was a great sin. So, the man should immediately leave the village. All the villagers applauded his wisdom. In a nutshell, this is what happened with FATF’s recent verdict on Pakistan.
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Wallets allow users to send, receive, and spend cryptocurrency. This row indicates the # of wallets that have interacted with an NFT Smart Contract, including buyers, sellers, and anyone who has played a game or interacted with a project using NFTs
And that trend has continued during 2021. Indeed, one report shows that NFT sales in the first quarter of 2021 grew to more than $2 billion, over twenty times the volume of the previous quarter.
9 On one major marketplace, NFT sales grew from $8 million in January 2021, to $95 million in February, to almost $150 million in March.
10 While sales volume dropped to $94 million in April, the larger trend shows a marked increase from last year, during which the same marketplace had an average sales volume of only $1 million per month.