NFT has opened a new path to the digital world with a technology that can distinguish between original and copy work. According to a new report at NonFungible.com, more than $2 billion was spent on non-fungible tokens, or NFTs, during the first quarter of 2021 — representing an increase of about 2,100% from Q4 2020. There were twice as many NFT buyers as sellers during the first three months of 2021. Therefore, you can also believe that this NFT market has great potential for K-content creators. When someone buys an NFT he/she own that contained content. What he/she has is an certification — a digital certificate — that makes it extraordinarily scarce or rare.

NFT market is still in its infancy, but with the massive number of people participating globally and many big institutional investors coming into this field. The NFT market will grow faster than ever in both transaction volume and market capitalization.

According to NonFungible.com, there were 73,000 NFT buyers and 33,000 NFT sellers in Q1 2021.

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This disparity helped drive prices higher. Furthermore, it is a signal of massive interest in newcomers and the desire of current owners to keep their assets, which creates a phenomenon of scarcity in the market.

In addition, according to Forbes, Year-to-date, within less than three months early 2021, the combined market cap of major NFT projects has increased by 1,785%.

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The NFT market sees significant investments from companies, funds, exchanges, and traditional venture capital firms from both the crypto and tech sectors.

Based on these current growth rates, the NFT market will certainly account for a huge portion of the virtual goods economy worldwide.