2020 saw the ascendence of the still-nascent non-fungible token (NFT) economy: sales of the tokens ... [+] tripled and the crypto bull run of the past quarter has only added fuel to the booming market. “We really look at what is emerging out there and are trying to inform the strategic direction of BNP Paribas,” says Nadya Ivanova, COO of L’Atelier, sponsor of the report. “People that we see currently are actually truly profiting from non-fungible tokens. The GameStop GME saga has underlined the importance the community sentiment is already playing in the economy and financial markets, so the NFT market is poised well for the coming year. Editor’s Note: This article was updated to clarify that L’Atelier is an independent subsidiary of BNP Paribas.

Source: Forbes February 15, 2021 05:10 UTC