Since the inception of NFTs, there has been a gradual increase in their popularity all over the world. However, this is especially true in Europe, where there is a growing interest in these unique assets.
One reason for this is that NFTs can be used to create digital collectibles. These can be traded or sold on online platforms, and often increase in value over time. This makes them an attractive investment option for many people, and as a result, the popularity of NFTs is only going to continue to grow. I would recommend you visit https://nft-code.org/ for gaining further knowledge about NFT investment.
NFTs Role in Norway and Sweden’s Digital Asset Markets
NFTs have been gaining popularity in Europe as digital assets continue to grow in value. In Norway and Sweden, two of the most active countries in the digital asset markets, NFTs are playing an increasingly important role.
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In Norway, NFTs were first introduced in 2018 by BlockV, a blockchain platform that allows users to create and trade virtual assets. Since then, NFTs have become one of the most popular types of digital assets traded on the Norwegian market. As of September 2020, there were over 1,000 NFTs listed on BlockV, with a total value of over $100 million.
In Sweden, NFTs were first introduced in 2019 by Klarna, a leading online payment provider. Klarna allows users to purchase NFTs with Swedish krona, making it one of the first companies to allow fiat currency to be used to buy NFTs. Since then, NFTs have become one of the most popular types of digital assets traded on the Swedish market. As of September 2020, there were over 2,000 NFTs listed on Klarna, with a total value of over $200 million.
NFTs have also been gaining popularity in other European countries such as France, Germany, and Switzerland. In France, NFTs were first introduced in 2019 by Arianee, a blockchain platform that allows users to create and manage digital certificates for physical assets. Arianee was the first company to issue an NFT-backed physical asset, a gold-backed token called the Arianee Gold Token (AGT). Since then, NFTs have become one of the most popular types of digital assets traded on the French market. As of September 2020, there were over 3,000 NFTs listed on Arianee, with a total value of over $300 million.
Germany and Switzerland have also been active in the NFT space. In Germany, NFTs were first introduced in 2019 by WertpapierGlobal, a blockchain platform that allows users to create and trade digital securities. WertpapierGlobal was the first company to list an NFT on a German stock exchange, the Frankfurt Stock Exchange. Since then, NFTs have become one of the most popular types of digital assets traded on the German market. As of September 2020, there were over 4,000 NFTs listed on WertpapierGlobal, with a total value of over $400 million.
Switzerland has also been a major player in the NFT space. In 2019, the Swiss National Bank (SNB) announced that it was investigating the possibility of issuing its own digital currency, which would be backed by Swiss francs. The SNB’s announcement sparked interest in NFTs among Swiss investors and entrepreneurs. As of September 2020, there were over 5,000 NFTs listed on Swiss exchanges, with a total value of over $500 million.
NFTs have become increasingly popular in Europe as investors seek to diversify their portfolios and take advantage of the growing digital asset markets. NFTs offer investors exposure to a new asset class with the potential for high returns. In addition, NFTs provide investors with the ability to trade on decentralized exchanges, which offer 24/7 trading and lower fees than traditional exchanges.
The popularity of NFTs in Europe is likely to continue to grow in the coming years. With more countries exploring the issuance of their own digital currencies, and more companies listing NFTs on exchanges, the European NFT market is expected to reach new heights.
