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The last year or so has witnessed the emergence of many novel offerings from within the crypto sector. However, the growth of one asset class in particular, i.e. non-fungible tokens (NFTs) has left investors all over the globe completely spellbound.
To put things into perspective as to how meteoric the rise of NFTs has been, a recently released report by blockchain analytics firm DappRadar noted that between Q2 and Q3 2021 alone, the sales of these unique digital tokens rose by more than 700%. In fact, over the course of August alone, the total trade volume of NFTs rose as high as $5.2 billion
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