According to bitcoinist.com, the NFT Craze has been reaching new levels across the world, as many big companies and players jump into the scene. Investment firm Sino Global Capital believes the sector is “growing rapidly”, predominantly in China.
Companies based in the Asian Giant, such as Alibaba, visual content media agency Visual China Group (VSG), NetEase, a major internet technology company, and ByteDance, the parent company of social media platform TikTok, already announced a stake in the NFT market.
This has coincided with an equally amount of participation from western companies, and high net worth individuals. The payment giant VISA recently purchased one of the NFTs that comprised popular collection CryptoPunks. This could lead to another wave of mass adoption, driven a new stage in the NFT Craze.