NFT Infrastructure Will Become the Next Competitive Battleground

Summary Since 2021, NFT total market cap and trading volume have grown rapidly. Some ultra-high-priced products and celebrity effects have successfully brought NFT into mainstream attention, with more and more institutions, celebrities, IPs, and ordinary players flooding into this emerging market. Currently, competition in the NFT space can be said to be just beginning. From the initial development of single NFT projects (games, trading platforms, etc.) to seeking highly usable NFT underlying infrastructure, many major project parties or IPs are developing customized blockchain networks for their own NFT issuance, making the ecosystem increasingly sophisticated.