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1. Summary 1.1 Background NFTs where born with Crypto Kitties in 2017 and went mainstream in 2020. It is certainly not news that people are crazily in love with cats, but such an obsession with digital kittens may still be surprising to some. Since then, NFTs have seen explosive growth with evolving technologically and have been earning a passionate user-base. NFT market cap from 2017-2020 400 350 300 250 200 150 100 50 30 0 2017 338.04 40.96 141.56 2018 2019 2020 Source: Statista 2021 • In 2017, the NFT industry market cap was measured at just over $30 million. • In 2018, the crypto winter hit the market and was notably a down year for the blockchain industry. However, the NFT market cap rose by 33%, weighing in at $40 million. • In 2019, the market cap continued on its path of growth. At the end of the year, it was at roughly $141.56 million. market cap in million U.S. dollarsPDF Image | Blocksport NFT Platform Whitepaper
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