Blue Chip and Metaverse NFTs propel growth of NFT Market, says Nansen report By Cointelegraph

Blue Chip and Metaverse NFTs propel growth of NFT Market, says Nansen report By Cointelegraph

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Blue Chip and Metaverse NFTs propel growth of NFT Market, says Nansen report

On Tuesday, blockchain data analytics platform Nansen released its quarterly report on the state of nonfungible tokens, or NFTs. The report highlighted the rapid growth of the NFT market over that of the cryptocurrency market year-to-date, and it predicts of an $80 million market cap by 2025.

As Cointelegraph previously reported, Nansen recently released six NFT indexes weighted by market capitalization denominated in Ether (ETH): Nansen NFT-500, Nansen Blue Chip-10, Nansen Social-100, Nansen Gaming-50, Nansen Art-20 and Nansen Metaverse-20.