Therefore, it is not surprising that during quarantine, when museums, auctions, and other events went online, young talents and artists found an opportunity to make money on their work, and invest.com/investing-in-ukraine/service-for-investors/" rel="dofollow">investors opened a new promising niche in the cryptocurrency market. The non-fungible token is a unique digital certificate and is not interchangeable. Due to its uniqueness, NFT is used to claim ownership of a product online, such as a photo, picture, or audio track.
In 2020 alone, the NFT market grew fourfold to $250 million. This is because artists and artists from all over the world have started selling their work on specialized platforms. Eventually, Ukrainians began to join this trend. Artists, businessmen, and collectors began to make good money on NFT.
According to the Ministry of digital transformation, Ukraine is a leader in using virtual assets among the population.
The ministry explained that such high results in the virtual currency market in Ukraine came from one of the largest communities of blockchain developers in the world. It was also reported that Ukrainians have higher digital education and public awareness level. Ukrainians have developed the Proof-of-Love platform, both a place for NFT and a social network.
In general, with such rapid growth in the popularity of NFT, more and more artists, singers, and ordinary people will earn good money on their work. With the development of Web 3.0 and the MetaUniverse, they will become an integral part of everyone's life.