NFT is growing but it's still is around 1% of the market size of global crypto currency market cap. It's ok to think that global NFT market cap may grow more 100x, but in that case, how that market cap will be distributed?
Today only two large collections (with about 10k items) have a floor price near or above 100 ETH: BAYC and Cryptopunks. So, in that case of NFT market cap grows 100x, will the number of new collections growth exponentially as well and each item having an average floor price around 0-10 ETH? Or will have multiple collections with floor price above 100 ETH?
If that's the case, I'm just wondering how sustainable it would be, thousands of jpeg minted as NFT worthing more than 1 million usd (at that time Ethereum probably has passed 10k, so 100 eth = 1 million usd).
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