Blockchain

NFTs: Remember Them?

While many of us were forced to at least try to understand what an NFT is at some point in 2021 or 2022, the latest figures from Google Trends suggest that this research has not led to a sustained interest in the topic.

For those that didn't quite get around to it at the time, here's Wikipedia to the rescue: "A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain, and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded."

Still not clear? Then have fun delving down this particular rabbit hole. Though if the trend shown by Google's search data is anything to go by, combined with the countless NFT-based scams that have been uncovered, that might turn out to be a monumental waste of your time.

Description

This chart shows Google Search interest in 'NFT' from 2000 to 2023.

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Total value of sales involving a non-fungible token (NFT) in the art segment worldwide over the previous 30 days from April 15, 2021 to February 15, 2025 (in 1,000 U.S. dollars)
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Value of sales involving a non-fungible token (NFT) in gaming, art, sports and other segments from 2018 to 2021 (in million U.S. dollars)
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Share of adults that said they would be interested in acquiring, investing in or trading non-fungible tokens (NFTs) in the future in the United States as of March 2021, by collector type
NFT-related game awareness among NFT-aware adults in the United States as of October 2022
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Amounts of the largest NFT sales worldwide in 2021 (in millions of U.S. dollars)
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Global non-fungible token (NFT) market revenue from 2018 to 2028 (in millions of U.S. dollars)

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