Crypto users spent $2.7B minting NFTs in first half of 2022: Report
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong. According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io. Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted....
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Almost 1 million ETH were spent to mint NFTs on the Ethereum network in the first half of 2022, according to a Nansen report. In this week’s newsletter, read about how Binance started its nonfungible token (NFT) ticketing service by partnering with a sports club. Check out the NFT exchange-traded fund (ETF), which was released by trading platform KuCoin and how Google AI was able to paint BAYC-inspired NFTs.In other news, learn about how much the NFT community spent in minting NFTs in the first half of 2022 and check out the upcoming NFT album by British rock band Muse. And, don’t forget....
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In a recent report, nonfungible.com noted that over $2 billion was spent on NFTs during the first three months of 2021, marking a 2,100% increase over the fourth quarter of 2020. Per DappRadar, NFTs generated more than $1.2 billion in sales in July 2021 alone, more than half of the cumulative sales volume between January and June of 2021. The milestones mentioned above are just the tip of the iceberg as the NFT ecosystem continues to expand, setting new records with every passing day. Between 2020 and 2021, NFTs have established themselves as one of the most prominent sectors within the....
The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022. Despite the ongoing market slump, the crypto sector has already raised $30.3 billion in funds, outpacing an entire year of fundraising in 2021, a new report shows. In a report on Aug. 2 by crypto analytics firm Messari and Dove Metrics, the data shows that the $30.3 billion raised in centralized finance (CeFi), decentralized finance (DeFi), nonfungible tokens (NFTs), and infrastructure was achieved through 1199 funding rounds in H1 2022.The total amount of raised funds in the....