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
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
Annie are you ok - Sweet Planets #001 / 100 - Edition of 1
"Are you ok Annie? Why do we fall? So that we can learn to pick ourselves up. Here‘s some candy. Keep on moonwalking." Name: Venus Type: Earthlike Distance: 40 - 260 Mil. KM Mass: 0.815 x Earth [3D Rendering, Post Composing PS - Collectible Trading Card] - - - A - Whoever spends 1 ETH or more, gets this card printed, back signed and glass framed as a collectible real world item. B - Whoever spends 10 ETH or more, gets 10 of 100 as printed trading cards. All back signed and glass framed. C - Whoever spends 100 ETH or more, gets the entire collection of 100 as printed trading cards. All back signed and glass framed. (After all 100 will be sold)
Another Day In Paradise
Just as the book speaks to intelligence, the image in all its muteness speaks to the heart.
#92379
By OthersideDeployer