“In February, Dapper Labs’ NBA Top Shot generated $226 million in trades, accounting for 46 percent of the record NFT trading volume,” DappRadar wrote in its annual industry report published in December. “Although the next wave of Ethereum NFT collectibles caused the robust metrics, it is essential to highlight that Flow’s collection was a critical NFT catalyst for the rest of the year and a sign of things to come.” Overall, NFT projects across all categories did $21-$23 billion, per industry tracking reports, up from about $100 million in 2020 sales and trades.