The NFT market dates all the way back to 2014. It was here that some of the first prices of digital art were sold to eager investors. Since then, the demand for NFTs has grown substantially year on year, and in 2021 the NFT markets exploded in popularity.
After seeing explosive growth over the last few years, the use of cryptocurrencies to pay for real estate has practically come to a standstill in the aftermath of a precipitous decline in the value of digital assets.
Crypto firms are beginning to buy up NYC real estate as they choose their future corporate headquarters. Yahoo Finance Senior Reporter Jennifer Schonoberger explains further.
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