In 2020, the NFT market hit $100 million. In 2021, it exploded to $24 billion, said Alex Salnikov, Co-Found of Rarible. And we’ve seen growth since then ... as well as some contraction.
“Somebody said that [the] digital signature is one of the greatest inventions of the 20th century,” Alex Salnikov, Rarible chief product officer,. “And we actually see the aftermath of that, because all NFTs, everything that exists on the blockchain, it is attached to your private key and to your digital identity, to just to your digital signature that you created for yourself.
. It’s just the digital universe we exist in every day that is rapidly replacing or augmenting the physical universe we breath and eat and move in. “The NFT and the whole blockchain revolution is about the attempt to rebuild that world, ground up, and to create the level of ownership that is detached from platforms — that you own your digital items directly on the blockchain, attached to your wallet,” Salnikov says. “This core concept of the freedom over the private property never existed in the internet. And now we have the private property that is free and open with NFTs, and that can represent ownership in anything.
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