The traditional global art market is estimated to be ~$50 billion dollars.
The NFT floor market cap is ~16.7 billion dollars.
The NFT market is currently ~33% of the traditional art market that consists of centuries-old masterpieces from art legends.
This won't end well. lol
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Most of that NFT floor isn't fine art. If you want something closer, limit to @withFND and . Most of the NFT market cap is collectibles (pfps, digital baseball cards), club membership badges, domains, wearables/land for virtual worlds/games.
that's a good point Jesse, the global collectibles market is probably more accurate which was estimated at ~372 billion so not as crazy, but still kind of crazy.
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