NFTs, an acronym for "Non Fungible Tokens", are one of the most interesting phenomena to have exploded in the digital world over the past year, in terms of players, applications and media attention.
Data collected and shared by NonFungible.com indicates that thousands of NFTs are bought and sold every day, with up to 50,000 sales per week. This number is steadily increasing, leading to the growth in value of NFTs: sales now range between $10 million and $20 million per week.
According to the Financial Times and Chainalysis, there are about 360,000 NFT owners holding about 2.7 million "Non Fungible Tokens", but only 9% of the total are responsible for about 80% of the market value.
This massive increase in NFTs is igniting the curiosity of many companies in different industries looking for opportunities.
It is precisely the field of Blockchain - a set of technologies in which the ledger is structured as a chain of blocks containing transactions, and in which consensus is distributed across all nodes of the network - that is evolving ever faster, from cryptocurrencies to NFTs. According to the Blockchain and Distributed Ledger Observatory, in Italy, investments by companies amount to €28 million in 2021, stable compared to €23 million in 2020, and €30 million in 2019. The most active sectors are finance and insurance, with 50% of investments, followed by the public administration (15%), which is growing strongly also thanks to the development of the Italian Blockchain Service Infrastructure, agri-food (stable at 11%) and utilities (10%).