NFT Infrastructure Will Become the Next Competitive Battleground

Summary Since 2021, NFT total market value and trading volume have grown rapidly. Some ultra-high-priced products and celebrity effects have successfully brought NFTs into the mainstream, with more and more institutions, celebrities, IPs, and ordinary players flooding into this emerging market. The competition in the NFT track 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, there are quite a few major project parties or IPs developing customized blockchain networks for their own NFT issuance, making the ecosystem increasingly complete.