> For the complete documentation index, see [llms.txt](https://www.digitalnations.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.digitalnations.xyz/web3-overview/the-web3-ecosystem/nfts/nft-ecosystem.md).

# NFT Ecosystem

According to NFTGo, as of late May 2022, the market capitalization of the NFT space is $25.78B, or around 2% of the crypto space as a whole. 

<figure><img src="/files/a9Ze1U6oDBzVrCYewV0e" alt=""><figcaption><p>Source: NFTGo as of 5.28.22</p></figcaption></figure>

The space is broken down into 6 key verticals which include:

* **Art:**  Digital art, profile pics and collectibles
* **Virtual Worlds:**  Virtual land and goods
* **Gaming:**  Play-to-Earn games
* **Intellectual Property:**  Patents, trademarks, copyrights, domain names, etc…
* **Social:**  Online social clubs and access NFTs
* **Music:**  Recorded music and memorabilia

A more detailed analysis of each category is provided in the coming sections :point\_right: