Is the NFT Market Worth $10 Billion? A new report shows the NFT market is worth $10 billion. The data is based on a Lithuania-based company that tracks over 30 networks and decentralized applications. As of the end of 2017, the number of unique active wallets engaging in NFT transactions has grown from five thousand in January to 140,000 by the end of the year. Venture capital investors estimate the value of the dominant market at $10 billion, with OpenSea as the new unicorn. Doge is the most valuable NFT meme If you’ve been following the cryptocurrency market for any length of time, you probably know about the Doge meme, a non-fungible token based on the Shiba Inu. This meme was turned into an NFT, essentially a digital deed to ownership. It was sold for $4 million in June and has since been valued at more than $220 million. The non-fungible tokens are stored on the Ethereum blockchain, a digital ledger that stores cryptocurrency transactions. They are valued based on their rarity, just like the original currency, so the more rare they are, the higher their value. The ‘Doge’ meme, which features a Shiba Inu with an odd smirk, has gone on to become the most valuable NFT meme, and the winning bidder paid 1,696.9 Ethereum, or about $4 million, for the meme. According to Know Your Meme’s Don Caldwell, the ‘Doge’ meme has become one of the most iconic images on the internet. The meme has reached a stage […]