05/08/2022 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.

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.

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Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansensaid. In comparison, about $107 million worth of NFTs were minted on BNB Chain and $77 million for Avalanche. A total of 263,800 unique wallet addresses were involved in NFT minting on the two blockchains.

Sixty-nine NFT collectionslaunchedon May 22 alone, resulting in daily minting volume surpassing 120,000 ETH. The total number of NFT collections minted and sold on Ethereum during the first half of the year was 28,986. Over two-thirds of the NFT projects raised less than 5 ETH, although 140 collections raised well over 1,000 ETH. Cumulatively, the top five NFT collections on Ethereum accounted for 8.4% of overall minting. These include Pixelmon-Generation 1, Moonbirds, VeeFriends Series 2, Genesis Box and World of Women Galaxy.

About half the amount raised stayed with NFT projects, while the other half circulated to non-entity wallets. However, Nansen could only trace direct transfers from the NFT projects’ addresses to the immediate transaction addresses. Subsequent transactions to other counterparties were not captured, thus limiting possible conclusions on how funds were used after NFT drops.

Aside from research,Nansen is also known for index aggregates, such as the NFT-500, that track the performance of the top 500 NFT collections on Ethereum for both the ERC-721 and ERC-1155 token standards. The firm secured$12 million in investmentsfrom Andreessen Horowitz last year.

Arts

https://cointelegraph.com/news/crypto-users-spent-2-7b-minting-nfts-in-first-half-of-2022-report

Interesting NFTs
Christmas Sleigh
First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.
"Hi, my name is..."
MICAH JOHNSON (B. 1990) "Hi, my name is..." smart contract address: 0xb6dae651468e9593e4581705a09c10a76ac1e0c8 token ID: 1979 wallet address: 0x7A3379959148025461d8BFfc8131C984F559c2f3 born-digital, generative image 1080 x 1920 pixels Executed in 2021. This work is unique and is accompanied by a master non-fungible token and an additional token that controls the helmet layer.
#19468
By OthersideDeployer
2.0
2.0
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.