NFTs also utilize blockchain technology to create a truly unique identifier for a digital product like an image or a video that can be traded and owned.
To better understand how we arrived here, PennyWorks compiled this list of 10 statistics about digital assets using research from across the internet, including CoinMarketCap, CoinGecko, and PitchBook.
In Bitcoin alone, $23 billion worth of the currency changes hands every day, according to CoinMarketCap data. Ethereum is the next most-traded cryptocurrency in the world, seeing $17.8 billion in trades daily.