21/04/2022 NFT global sales decline by half: Here’s what the numbers say

It seems that almost half of the NFT buyers have vanished from NFT marketplaces.

Tech Desk

The emergence ofnon-fungible-tokens (NFTs)have made it easier for blockchain artists and digital creators to gain recognition and make quick profits from selling their artwork. However, a new data by CryptoSlam reveals that half of theNFTbuyers have vanished from the NFT marketplaces.

According to the data obtained from CryptoSlam NFT tracker, in January the sales in NFT plunged to $4.6 billion. By the end of March, the NFT sales stood at $2.44 billion, a decline of 53 per cent in NFT sales. The data further shows that the number of unique buyers dropped from 9.98 lakhs in January to 6.4 lakhs in March and currently stands at 3.81 lakhs for the month of April, a decrease of 66.5 per cent unique buyers.

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An average NFT in January was sold at $623 , which has dropped to $425, a decline of nearly 68 per cent.

But there is some good news for artists utilising Ethereum networks. According to blockchain intelligence firm IntoTheBlock, the number of NFT collections on the Ethereum network has increased by over 100 per cent in 2022. In 2021, only 15,500 NFT collections were available, and now more than 80,000 NFTs are available on the Ethereum network, making it the most preferable choice for ‘minting’ an NFT.

Further, among all the Ethereum based NFT collections, Bored Ape Yacht Club is owned by 6,422 addresses, making it the most valuable NFT project. The ape avatar collection has recorded $3.18 billion in sales—and is classified as the biggest NFT series in terms of valuation. CryptoPunks and MutantApeYachtClub are the second and third biggest NFT series by valuation, respectively, worth 471,000 ETH and 456,000 ETH.

Meanwhile, Solana based digital collectibles have also recently caught artists’ attention. Transaction fee or ‘gas fee’ while operating on Solana is less than a dollar. Therefore, many NFT projects and collectors have migrated to its blockchain for scalability and cheap transaction costs.

Degenerate Ape Academy, a hugely popular collection of 10,000 unique NFT Apes only available on the Solana blockchain, had its highest sale for one single Ape at $1.1 million in September 2021. Earlier in 2021, NFT sales jumped to more than $17 billion in 2021, according to NFT data company nonfungible.

Arts

https://indianexpress.com/article/technology/crypto/nft-global-sales-decline-by-half-heres-what-the-numbers-say-7876693/

Interesting NFTs
#90297
By OthersideDeployer
CAM 2D 1914 176/990
Em 1914, foi realizado o primeiro torneio oficial de futebol de Minas Gerais: a Taça Bueno Brandão. O Atlético Mineiro disputou quatro partidas, ganhou três e empatou uma, tornando-se campeão invicto, o primeiro título de sua história. Esta camisa é parte da coleção de 13 camisas icônicas do Galo. Complete a coleção 2D e ganhe um NFT exclusivo, que não estará à venda, e um vídeo de agradecimento de um craque do Galo.
Death Dip
#XCOPY #GIF #death #dip #lurking
Right Place & Right Time (bitcoin hourly price offset)
Each day, a new composition for the Master is generated autonomously using a data feed of Bitcoin's last 24 hours of price action. Each hour's price programmatically controls rotation, scale, and position of a correlating layer. Astute viewers will surmise the day's price volatility simply by examining the artwork. While the daily image generation is the result of autonomous API calls, utilizing an algorithm the artist wrote, the artist has chosen to retain a control token. This token allows him to fine-tune variables associated with his algorithm, in addition to addressing aesthetic concerns within the life-cycle of the artwork. Layer state, alpha, hue, saturation, and brightness are elements the artist has retained control of in order that this artwork remain a living work-in-progress. An earlier iteration of this artwork was featured as a nightly projection mapping video on the face of the Daniels Fisher Clocktower, as part of ETH Denver 2020. Access to this and additional exclusive content awaits the master token owner at the artist's NFT Portal: https://collect.mattkane.com/minted-works/right-place-right-time-bitcoin-hourly-price-offset/
CryptoPunk #9052
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.