In 2020, the NFT market is growing rapidly. In September, the trading volume of the NFT market successfully exceeded 7 million U.S. dollars, a surge of more than ten times within the month; in October, the trading volume exceeded 8 million U.S. dollars, and the rising trend has not stopped; The total volume of market transactions has exceeded $136 million, and 5 million NFTs have been sold, with an average price of about $27.3. The overall transaction data has shown a significant growth trend in recent months. Relaying the DeFi boom, NFT may become the next outlet.

2020 is coming to an end, but the popularity of NFT has only increased. From game assets, encrypted artworks to cooperation with multi-party entities, NFT is constantly looking for a broader market space. As a non-homogeneous token, NFT has unique, scarce, and indivisible attributes. And linking virtual and reality, through compliance improvement, can realize the concrete representation of intellectual property, real estate, etc.

Starting from industry case analysis, Hashpower Think Tank sorted out and studied the value of cooperation between NFT and multiple industries. Although NFT has attracted most of the attention of the market, there are still more or less problems in terms of transactions, technology, and user volume. In the future, whether the NFT sector can continue to maintain its popularity and tap the potential of the market explosion will be more worth looking forward to.