Monday, March 27, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Polygon Chain

NFT Market To Reach $800 Billion In 2 Years, Report Projects

by ethozedge
April 30, 2022
in Polygon Chain
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


A survey from CoinGecko depicts that above fifty percent of respondents foresee a crucial role for NFTs’ business in the future and have adopted the HODL investment strategy. 

Since 2014, non-fungible tokens have played a role in the cryptocurrency industry, but their demands and role have grown extremely fast in the last two consecutive years. In August 2021, NFTs’ whole business volume crossed the highest point of $5 billion, and the fast growth was briefly termed “NFT Summer.”    

Related Readings | Web3 Vs. Crypto: Ex-Google CEO Eric Schmidt Bets Big On Web3 Than Crypto

NFTs Business Projection

CoinGecko surveyed the industry and found that the NFT business volume could rise to $800 billion during the next two years.

The survey sample comprised 871 investors from the Asian and the Pacific region; more than 50% said they already own five or more NFTs, while 72% of the investors involved in the survey admitted that they already own one NFT. 

The survey was conducted based on investors of various age groups. For example, The report showed that 43.6% of NFT investors surveyed were between 18 and 30 years old, while 45.2% fell in the 30 and 50 brackets.

A majority of the non-fungible token market seems interested in the famous Bored Ape Yacht Club (BAYC); 25% of respondents are interested in choosing art NFTs, while 35.8% are more inclined toward metaverse games and non-fungible tokens associated with play-to-earn. 

The report read;

The metaverse sector is projected to move around $800 billion over the next two years, and gaming appears to be the most likely entry point into the NFTs market. Our respondents have indicated that ‘flip & earn’ was the primary motivation behind their non-fungible token purchases, though 2/3 of respondents indicated that NFTs only made up.

NFT
Bitcoin is currently trading at $38,721 after recovering from $38,242 | Source: BTC/USDT price chart from tradingview.com

As per a study reported by TeleGeography, 60% of the traders preferred personal computers for non-fungible token minting and trading.

The report added,

This can be attributed to the ease of using a PC to navigate time-sensitive NFT mints/trades

Related Readings | Binance Bans Accounts Tied To Russian Gov’t Officials’ Relatives – Will It Hurt Them?

The pre-purchase assessment report of most respondents shows that 38.5% chose floor price, 23% selected “strong community,” and 21.8% were inclined to “artistic value.” 

While the majority of the market investors said that they are not willing to sell non-fungible tokens at the moment, above 50% of respondents said that they have adopted the HODL investment strategy and are waiting for the future when non-fungible tokens could get a higher value in the market.

As per CoinGecko respondents, 46.3% said that Ethereum is the leading chain for NFTs, and Polygon is second with 13.8% of respondents saying so. Solana got 13.5% support of respondents, while 26.4% went to smaller smart contract platforms. 

The marketplaces data shows OpenSea is the major player in the trading business with 58.7% market share, Solana possesses above 10%, and LooksRare holds less than 4%.

Featured Image from Pixabay and chart from trading view.com

 



Source link

Tags: Billionbitcoin newscrypto analysiscrypto newsEthoz EdgeLatest bitcoin newslatest crypto newsMarketNFTProjectsReachReportyears
Share76Tweet47

Related Posts

First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

by ethozedge
March 27, 2023
0

Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the...

Which Is Better in 2023

by ethozedge
March 26, 2023
0

From increased storage to immutability and top-notch security, there are multiple reasons for tapping into blockchain technology. However, these networks...

Ripple (XRP) Soars 21% Weekly, Bitcoin (BTC) Stalls Above $27K: Weekend Watch

by ethozedge
March 26, 2023
0

The trading volumes have gone down during the weekend, resulting in BTC failing to produce any significant moves in either...

Crypto Price Predictions 2023 : Here’s What Popular Youtube Ben Armstrong Predicts

by ethozedge
March 25, 2023
0

Crypto influencer Ben Armstrong, also known as Bitboy Crypto, recently shared his thoughts on the future of the cryptocurrency market,...

Bitcoin Price Prediction 2023, this is why whales are buying Polygon (MATIC) and RenQ Finance (RENQ) instead

by ethozedge
March 24, 2023
0

Bitcoin, the world’s first and largest cryptocurrency, has been the subject of intense speculation and analysis since its inception in...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

What are Binance and CZ Being Accused Of? A Closer Look at the CFTC Filing

March 27, 2023

Binance CEO Accused Of Violating US Derivatives Rules

March 27, 2023

First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

March 27, 2023

Steve McQueen’s Grenfell Tower film—dedicated to the victims of the tragic fire in 2017—to debut in London

March 27, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,096.00-2.83%
  • ethereumEthereum(ETH)$1,710.38-3.34%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.18%
  • binancecoinBNB(BNB)$307.00-6.37%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • rippleXRP(XRP)$0.4703724.39%
  • cardanoCardano(ADA)$0.342164-3.92%
  • staked-etherLido Staked Ether(STETH)$1,741.83-1.30%
  • dogecoinDogecoin(DOGE)$0.072593-2.55%
  • matic-networkPolygon(MATIC)$1.04-6.22%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • solanaSolana(SOL)$19.75-5.66%
  • polkadotPolkadot(DOT)$5.84-3.06%
  • litecoinLitecoin(LTC)$88.95-4.56%
  • shiba-inuShiba Inu(SHIB)$0.000010-2.28%
  • tronTRON(TRX)$0.063502-1.27%
  • avalanche-2Avalanche(AVAX)$16.46-3.79%
  • daiDai(DAI)$1.00-0.26%
  • uniswapUniswap(UNI)$5.59-3.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,073.00-3.11%
  • chainlinkChainlink(LINK)$6.85-5.53%
  • cosmosCosmos Hub(ATOM)$10.84-3.82%
  • leo-tokenLEO Token(LEO)$3.38-1.95%
  • ToncoinToncoin(TON)$2.110.12%
  • moneroMonero(XMR)$156.23-3.76%
  • ethereum-classicEthereum Classic(ETC)$19.42-4.84%
  • okbOKB(OKB)$41.86-0.46%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.091382-0.84%
  • bitcoin-cashBitcoin Cash(BCH)$118.87-4.62%
  • filecoinFilecoin(FIL)$5.30-5.78%
  • true-usdTrueUSD(TUSD)$1.00-0.33%
  • AptosAptos(APT)$10.92-7.89%
  • lido-daoLido DAO(LDO)$2.07-4.25%
  • hedera-hashgraphHedera(HBAR)$0.058181-4.93%
  • quant-networkQuant(QNT)$116.74-4.83%
  • crypto-com-chainCronos(CRO)$0.066481-4.18%
  • vechainVeChain(VET)$0.021965-4.28%
  • nearNEAR Protocol(NEAR)$1.83-6.58%
  • ArbitrumArbitrum(ARB)$1.15-10.55%
  • apecoinApeCoin(APE)$3.92-5.19%
  • algorandAlgorand(ALGO)$0.199139-5.57%
  • internet-computerInternet Computer(ICP)$4.73-4.76%
  • blockstackStacks(STX)$0.90-10.07%
  • eosEOS(EOS)$1.08-5.08%
  • the-graphThe Graph(GRT)$0.131591-6.44%
  • fantomFantom(FTM)$0.411172-8.13%
  • the-sandboxThe Sandbox(SAND)$0.59-7.87%
  • fraxFrax(FRAX)$1.00-0.03%
  • elrond-erd-2MultiversX(EGLD)$40.96-4.32%
  • decentralandDecentraland(MANA)$0.56-4.69%
  • aaveAave(AAVE)$69.51-4.76%
  • tezosTezos(XTZ)$1.07-5.75%
  • theta-tokenTheta Network(THETA)$0.96-6.16%
  • flowFlow(FLOW)$0.91-6.64%
  • immutable-xImmutableX(IMX)$1.01-8.88%
  • axie-infinityAxie Infinity(AXS)$7.94-5.92%
  • neoNEO(NEO)$12.21-0.42%
  • kucoin-sharesKuCoin(KCS)$8.26-4.90%
  • rocket-poolRocket Pool(RPL)$40.04-4.52%
  • paxos-standardPax Dollar(USDP)$1.000.09%
  • BitDAOBitDAO(BIT)$0.52-1.21%
  • havvenSynthetix Network(SNX)$2.31-5.74%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.03-0.63%
  • usddUSDD(USDD)$0.99-0.09%
  • terra-lunaTerra Luna Classic(LUNC)$0.000120-4.25%
  • klay-tokenKlaytn(KLAY)$0.223119-3.46%
  • gatechain-tokenGate(GT)$4.83-5.47%
  • curve-dao-tokenCurve DAO(CRV)$0.88-5.19%
  • bitcoin-cash-svBitcoin SV(BSV)$35.06-4.17%
  • conflux-tokenConflux(CFX)$0.317829-7.64%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.55-5.00%
  • sapphireSapphire(SAPP)$0.7035.32%
  • optimismOptimism(OP)$2.04-9.74%
  • mina-protocolMina Protocol(MINA)$0.73-10.19%
  • dashDash(DASH)$55.83-5.70%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • gmxGMX(GMX)$71.863.39%
  • chilizChiliz(CHZ)$0.113319-6.13%
  • makerMaker(MKR)$659.99-1.83%
  • bittorrentBitTorrent(BTT)$0.000001-0.40%
  • huobi-tokenHuobi(HT)$3.58-2.32%
  • ecasheCash(XEC)$0.000029-4.47%
  • iotaIOTA(MIOTA)$0.198577-5.74%
  • Bitget TokenBitget Token(BGB)$0.390752-3.04%
  • xdce-crowd-saleXDC Network(XDC)$0.039420-1.97%
  • frax-shareFrax Share(FXS)$7.44-5.82%
  • EdgecoinEdgecoin(EDGT)$1.000.01%
  • compound-ethercETH(CETH)$34.31-2.78%
  • pax-goldPAX Gold(PAXG)$1,972.32-1.16%
  • tether-goldTether Gold(XAUT)$1,967.55-0.71%
  • Tokenize XchangeTokenize Xchange(TKX)$6.02-4.46%
  • singularitynetSingularityNET(AGIX)$0.399737-10.68%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • trust-wallet-tokenTrust Wallet(TWT)$1.10-7.35%
  • compound-usd-coincUSDC(CUSDC)$0.022772-0.19%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • mask-networkMask Network(MASK)$5.68-6.58%
  • osmosisOsmosis(OSMO)$0.77-3.59%
  • loopringLoopring(LRC)$0.337303-5.84%
  • FlareFlare(FLR)$0.034168-4.35%
  • zilliqaZilliqa(ZIL)$0.025633-6.23%
  • render-tokenRender(RNDR)$1.14-7.13%
  • 1inch1inch(1INCH)$0.487638-4.63%
  • radixRadix(XRD)$0.040097-6.05%
  • nexoNEXO(NEXO)$0.72-5.03%
  • cdaicDAI(CDAI)$0.022044-0.78%
  • thorchainTHORChain(RUNE)$1.33-6.14%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,825.18-3.61%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.09%
  • oec-tokenOKC Token(OKT)$21.92-1.83%
  • kavaKava(KAVA)$0.85-2.25%
  • arweaveArweave(AR)$7.71-6.43%
  • btse-tokenBTSE Token(BTSE)$2.33-0.42%
  • zcashZcash(ZEC)$35.64-1.26%
  • convex-financeConvex Finance(CVX)$4.92-4.32%
  • casper-networkCasper Network(CSPR)$0.034040-4.21%
  • dydxdYdX(DYDX)$2.391.56%
  • enjincoinEnjin Coin(ENJ)$0.366612-5.89%
  • KaspaKaspa(KAS)$0.02062912.54%
  • DeFiChainDeFiChain(DFI)$0.53-3.53%
  • DogechainDogechain(DC)$0.001787-24.98%
  • fetch-aiFetch.ai(FET)$0.342367-8.63%
  • EthereumPoWEthereumPoW(ETHW)$3.29-2.29%
  • basic-attention-tokenBasic Attention(BAT)$0.235072-5.91%
  • WEMIXWEMIX(WEMIX)$1.40-0.22%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-1.30%
  • nemNEM(XEM)$0.037307-5.23%
  • FLOKIFLOKI(FLOKI)$0.000034-6.59%
  • ethereum-name-serviceEthereum Name Service(ENS)$12.51-5.90%
  • Nexus MutualNexus Mutual(NXM)$47.52-4.35%
  • qtumQtum(QTUM)$2.98-4.27%
  • Aleph ZeroAleph Zero(AZERO)$1.41-5.03%
  • holotokenHolo(HOT)$0.001732-5.54%
  • BeldexBeldex(BDX)$0.058742-5.40%
  • theta-fuelTheta Fuel(TFUEL)$0.049757-6.21%
  • woo-networkWOO Network(WOO)$0.180074-6.72%
  • terra-luna-2Terra(LUNA)$1.25-5.29%
  • injective-protocolInjective(INJ)$3.76-6.10%
  • decredDecred(DCR)$20.04-6.20%
  • ravencoinRavencoin(RVN)$0.023992-7.52%
  • Gains FarmGains Farm(GFARM2)$7,930.530.00%
  • olympusOlympus(OHM)$10.23-0.36%
  • kusamaKusama(KSM)$31.57-6.03%
  • flex-coinFLEX Coin(FLEX)$2.8713.21%
  • galaGALA(GALA)$0.037270-6.97%
  • celoCelo(CELO)$0.57-6.26%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-6.34%
  • compound-governance-tokenCompound(COMP)$40.49-4.88%
  • MagicMagic(MAGIC)$1.29-11.33%
  • gnosisGnosis(GNO)$105.26-2.59%
  • bitcoin-goldBitcoin Gold(BTG)$15.49-5.44%
  • liquity-usdLiquity USD(LUSD)$1.020.16%
  • oasis-networkOasis Network(ROSE)$0.053375-6.20%
  • linkLINK(LN)$39.24-5.28%
  • yearn-financeyearn.finance(YFI)$8,031.85-4.36%
  • AstarAstar(ASTR)$0.059549-3.30%
  • balancerBalancer(BAL)$6.45-5.03%
  • audiusAudius(AUDIO)$0.260035-5.31%
  • Access ProtocolAccess Protocol(ACS)$0.008654-5.23%
  • chiaChia(XCH)$37.24-3.24%
  • nucypherNuCypher(NU)$0.197945-2.84%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • ankrAnkr Network(ANKR)$0.030645-6.01%
  • SSV NetworkSSV Network(SSV)$34.74-8.29%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.07-4.16%
  • omisegoOMG Network(OMG)$1.74-5.63%
  • huobi-btcHuobi BTC(HBTC)$27,086.00-2.81%
  • DAO MakerDAO Maker(DAO)$1.600.62%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • harmonyHarmony(ONE)$0.018982-7.47%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • AstraferAstrafer(ASTRAFER)$1.47-4.34%
  • stepnSTEPN(GMT)$0.364272-6.85%
  • escoin-tokenEscoin(ELG)$2.80-1.20%
  • convex-crvConvex CRV(CVXCRV)$0.78-3.58%
  • iotexIoTeX(IOTX)$0.024043-3.08%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • golemGolem(GLM)$0.226608-5.79%
  • tether-eurtEuro Tether(EURT)$1.080.52%
  • justJUST(JST)$0.024894-3.95%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • moonbeamMoonbeam(GLMR)$0.361654-4.13%
  • ecomiECOMI(OMI)$0.000798-0.80%
  • Frax EtherFrax Ether(FRXETH)$1,707.58-3.48%
  • BlurBlur(BLUR)$0.51-5.12%
  • Gains NetworkGains Network(GNS)$6.84-5.98%
  • bloxBlox(CDT)$0.308060-11.21%
  • jasmycoinJasmyCoin(JASMY)$0.004365-6.27%
  • terrausdTerraClassicUSD(USTC)$0.021168-5.23%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • kadenaKadena(KDA)$0.91-4.08%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%
  • amp-tokenAmp(AMP)$0.003620-4.28%
  • LiquityLiquity(LQTY)$2.216.94%
  • wavesWaves(WAVES)$2.04-5.27%