According to new market research published by blockchain data firm Nansen, crypto users spend a total of 963,227 Ether (ETH), worth $2.7 billion. To generate NFT tokens on the Ethereum blockchain in the first half of 2022, most of them will be on OpenSea.io.
This happened with 1.088 million unique wallet addresses on Ethereum, during the same period approximately $107 million worth of NFTs were created on the BNB Chain and $77 million on Avalanche, and there were wallet addresses that were not. A total of 263,800 duplicates involved creating NFTs on both blockchains.
1/ Market participants spent 963,227 $ETH (approximately $2.7b) on minting NFTs in the first half of 2022.
So what did the NFT projects do with the money they raised?
Read our latest research here: https://t.co/ifgKdTnF9S
— Nansen
(@nansen_ai) August 2, 2022
There are 69 NFT collections atdebutOn the 22nd of May alone As a result, daily mint volumes exceeded 120,000 ETH. The total number of NFT collections mined and sold on Ethereum in the first half of the year was 28,986, with more than two-thirds of NFT projects underfunding. Over 5 ETH, although 140 collections raised over 1000 ETH.
The top 5 NFT collections on Ethereum accounted for 8.4% of the overall mint, which included Pixelmon-Generation 1, Moonbirds, VeeFriends Series 2, Genesis Box and World of Women Galaxy.
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