As of May 2022, the NFT market is worth around $11 billion, and new projects are launched every day. These NFT projects are based on a variety of blockchains, ranging from Ethereum, Solana to Cardano and Polygon. What initially started off as a way to record and store the ownership of a digital asset has slowly grown to become so much more, with NFTs being used for everything from concert tickets to game characters. However, there is still a distinct gap in the market in terms of quality projects, both in terms of those that have good artwork and those that provide real utility to their holders.