NFTs (non-fungible tokens) and marketplaces are growing in popularity.
In March 2021, the crypto art piece “First 5000 Days,” which was made by Beeple, became the world’s most expensive NFT at $69 million. This sale led to an “NFT craze,” particularly strong in Asia and the United States.
Are you looking to develop an NFT marketplace?
You’ll want to brush up on these top statistics first! Let’s look at the current state of NFTs in the real world and online – along with some of the best NFT platforms and tools today. With this knowledge, you’ll be ready to build your own NFT marketplace with Minoid.
Top NFT Statistics
NFT art sales worldwide in the last 30 days: March 2022
The total sales value involving non-fungible tokens (NFTs) in the art segment fluctuated between April 15, 2021, and March 15, 2022. As of April 15, 2021, the cumulative sales of NFTs recorded on the Ethereum blockchain during the previous 30 days amounted to around 73 million U.S. As of March 15, 2022, the sales figures for 30 days were 37 million U.S. dollars.
NFT Statistics: NFT Market Size
As of March 16, 2021, the most expensive non-fungible token sales worldwide were:
Over 28.6 million wallets traded Non-Fungible Tokens (NFTs) in 2021.
A market tracker report from DappRadar revealed that non-fungible token trading increased in popularity during 2021. Though sales volumes began to plateau at the end of 2021, the company reported NFT sales totaling $24.9 billion. Compared to 2020, when the volume amounted to around $94.9 million, this was a considerable increase, per the DappRadar data.
The number of wallets trading in non-fungible tokens (NFTs) increased sharply between 2020 and 2021, from about 28.6 million to around 545,000. Volatile stocks were typically the most sought-after by investors.
OpenSea is the largest non-fungible token (NFT) marketplace.
OpenSea remains the largest marketplace for NFTs. It allows users to buy, sell, and exchange items, including music, collectibles, art, and gaming assets. And it has helped to launch the rise of competitors like Axie Infinity, which trades around $2.1 billion at present.
Millennials are three times more likely to buy and sell NFTs than Gen Z.
A recent study indicates that male millennials are primarily responsible for fueling the demand for collectibles.
Millennials were more likely than their generational counterparts to say they collected things, with 42 percent of millennials saying they did so compared to 20 percent of Generation Z.
Asia is most interested in NFTs.
Worldwide, interest in NFTs is growing rapidly. Hundreds of millions of people are getting involved with crypto-collectibles, as evidenced by the proliferation of crypto-collectible wallets.
Online data-tracking company Statista found that Asia collectively showed the most interest in NFTs. Singapore and China share the same interest when it comes to NFTs.
Top NFT Stats: Key Takeaways
- The NFT market is valued at an estimated $22 billion.
- The most expensive NFT sold for $90.5 million.
- In 2020 and 2021, the NFT market increased by over 20 times.
- Of the top 8 most expensive non-fungible token (NFT) sales, half were for CryptoPunks.
- The top three projects have each exceeded $2 billion in sales.
- In the first four months of 2021, Nifty Gateway launched approximately 2000 NFTs.
Launch Your NFT Marketplace With Minoid
As a business entity, you are not too late to enter the NFT niche. At Minoid, we offer NFT marketplace development services; with a full range of development services from smart contract development to front-end and back-end. Connect with our blockchain consultants in US to learn more.