Fans have spent $2.7 billion in NFTs so far in 2022
Categories: Crypto News US
Fanshave spent $2.7 billion in NFTs so far in 2022
NFT market activity remains strong according to a report byNansen which found that US$2.7 billion was spent on NFT mining in the firsthalf of 2022 alone. This figure is the product of the activity of over 1million unique wallet addresses.
User preferenceschange
Industry-leading blockchain data and analytics platform Nansen found thatmost of these transactions took place through OpenC. Itsreport again highlights the shift in the preferences of crypto users, with NFTcreators now choosing to retain and reinvest funds in the ecosystem, indicatingthat they have become more mature and conscientious. A total of 28,986 NFTcollections were mined and sold on Ethereum during the first six months of2022.
Of these, Pixelmon-Generation 1, Genesis Box, World of WomenGalaxy, Moonbirds and WeFriends Series 2 accounted for 8.4 percent of the totalmining. To the best of Nansen's knowledge, half (50.7 percent) of the fundsraised by these creators remained with NFT projects, while 45.7 percentoperated in non-unit wallets.
It should be noted that Nansendoes not have the ability to track transactions of other counterparties.Overall,the improvement in the utilization and productivity of the NFT mining sector isclearly visible as compared to the results of the previous report.
Recent NFTDevelopments
Last month saw two exciting new announcements for the NFTsector in just under two days. First, OpenSea expressed its excitement about a"multi-chain future," thanks to the introduction of Solana Launchpad.The platform will reportedly guide users through the process of pre-mintactivity, and allow inventory mint and post-mint and secondary sales.
This means that creators will be able to easily adapt newprojects from scratch. Meanwhile, Australia has its first NFT gallery. Locatedin Baringa near Caloundra on Queensland's Sunshine Coast, the gallery aims tocreate a hub for digital artists and tech enthusiasts within the popularleisure sector.