VC activity in NFT startups 2017-2022
The NFT market grew significantly in 2021, with both collectibles - like Bored Ape Yacht Club, virtual pictures of randomly generated monkeys - and games - such as "play to earn" game Axie Infinity, which allowed players to earn and trade cryptocurrencies in-game.
Global VC funding invested billions of dollars in NFT startups in 2021, a value nearly 40 times higher than in 2020. On top of that, the early months for 2022 reveal both a deal count as well as an investment value that was already higher than the annual figures for 2017 through 2020 combined.