According to a research report by Deutsche Bank, NFTs may become widespread with the planned support of Instagram.
Deutsche Bank published a research report on Sunday. The report emphasized that NFTs could become widespread with the planned support of Instagram. It was underlined that the platform will simplify the process of buying and selling NFT, thereby reducing barriers to entry. As it is known, the leading social media platform announced that it would bring NFTs to Instagram.
The report also states that the NFT market is currently in “hyper-growth mode” with trading volume of approximately $25 billion last year, an increase of approximately 250 times compared to the total volume of approximately $95 million seen in 2020. .
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