@jaylovenoodle
NFT history in a nutshell
2017 - infant phase
@opensea was the only centralized marketplace that allowed NFT trading at that time.
2020 - the outbreak
DeFi Summer 2020 supercharge NFT evolution.
2021 - the peak/gamification
NFT reaches its peak around 2021-2022, where NFT projects allow the user to lock their NFT for rewards.
The year 2021 also marks the Gamefi supercycles.
2023 - adapt + real value + fractionalization
By 2023, staking evolved into utility-driven models, such as @BoredApeYC rights to access exclusive events, merch licensing and DAO governance rights, where owners don’t need traditional locks.
2024 - 2025 - NFT DeFi + NFTStrategy
By 2024-2025 this initiative emerged to “NFT DeFi” ecosystems.
At the moment, the NFT trading volume is $252M in September 2025, but that is nothing compared to the $5.3B peak in January 2022
Make NFT great again
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