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.

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.

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
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
Pink Panther
Shalom! I'm Pink Panther. I've never told anyone this, but I once loved a dog. When my owner isn't watching, I steal their oversized sweaters and use them for litter paper. I'm not sorry. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
Crypto Toy Coin
This piece represents the creation of a new "Visual Toy", a term created by me to encompass my unique and exclusive GIF-Arts. The latter, "Crypto Toy Coin" is the only and first in the cryptocurrency theme. In it I represent the fast-paced world of finance in the virtual environment, the Internet with its universe of colors and infinite visual impact, an optimistic and exciting future, a world of possibilities that opens before us. These "Visual Toys" invite you to imagine, that is their function, that is the game. The ultimate goal is that you imagine, that it is you who gives it meaning. There are no good or bad answers, just the projection of each one. I've only created the trigger, the piece where you can project your imagination and let it fly.
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By OthersideDeployer