Tuesday, December 5, 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 Crypto News Bitcoin

$37B Sent To NFT Marketplaces, Almost Equal To 2021

by ethozedge
May 7, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


NFT investments have shown remarkable growth during the first half of the current year and are almost equal to the total sales volume for 2021. However, the crypto industry is experiencing a rare market condition.

As per the report, non-fungible token collectors have spent worth $37 billion in the industry and claimed that their transactions would be stable in 2022 after an exponential growth of the previous year. Last year, a significant rise occurred during the release of Mutant Ape Yacht Collection in late August.

Related Readings | Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

NFT Investments Analysis

The report by Chainalysis shows that investors sent a whopping $40 billion worth of cryptocurrency to smart contracts associated with NFT collections and marketplaces throughout 2021.

The non-fungible token trade figures showed a remarkable growth during the initial months of last year, but the overall industrial growth remained inconsistent.

The analysis of the reports depicts unusual NFT trading activity. It appeared to decline till mid-February, and then the market witnessed positive recovery sentiments in mid-April of this year. The market recovery might have followed the metaverse projects developments around Bored Ape Yacht Club and Moonbirds. 

NFT
Bitcoin is showing a positive recovery of 0.03% and is trading at $35,949 | Source: BTC/USD chart from Tradingview.com

Although the market faced temporary fluctuations, there seems to be no variation in the number of customers investing in NFTs. For example, during the first quarter of 2022, 950,000 customers traded with these assets compared to 627,000 in the 4th quarter of 2021. 

Related Readings | Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says

The data shows that 491,000 unique customers invested in the NFTs market in the second quarter of 2022. The growing figures reflect a remarkable push in the number of customers resulting in market growth.

In addition, Chainalysis observed the web flow of customers investing in the non-fungible token industry from various geographic locations. They concluded that individuals from all over the world, including North America, Western Europe, and Southern and Central Asia, are very actively attracted to NFTs investments.   

An Analysis Of Non-fungible Token Sales

Recently, The Wall Street Journal broadcasted an editorial with opposite findings claiming that NFT sales are declining. The editorial stated, “the NFT market is collapsing.” However, five of the top NFT collections accounted for more than $1 billion in sales in the same week.

Coinbases’ launch of its in-house NFT marketplace failed to produce significant sales. According to the sales record, the firm only received 150 business offers on Wednesday, with a total transaction volume of only $75,000, even though Coinbase had been marketing the idea for seven months and had received 8.4 million e-mail sales orders.

Featured Image from Pixabay and the Chart from Tradingview.com

 



Source link

Tags: 37Bbitcoin newscrypto analysiscrypto newsEqualEthoz EdgeLatest bitcoin newslatest crypto newsMarketplacesNFT
Share76Tweet47

Related Posts

1.7 Million Addresses Hit 2-Year High

by ethozedge
December 5, 2023
0

Several on-chain metrtics demonstrate the growing optimism about Cardano (ADA). Concurrently, the cryptocurrency has managed to break through a significant...

US Fugitive Involved In Crypto Scheme To Aid North Korea Arrested In Spain, Faces 20-Year Term

by ethozedge
December 5, 2023
0

Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and...

Bitcoin Price Prediction for Today, December 4 – BTC Technical Analysis

by ethozedge
December 4, 2023
0

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC...

Shiba Inu Open Interest Falls Behind General Crypto Market, What This Means For Price

by ethozedge
December 4, 2023
0

The entire crypto market has seen a steady increase in open interest (OI) over the last few months. But the...

An Ocean Launch Post-mortem

by ethozedge
December 4, 2023
0

Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter...

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

Bitcoin (BTC) Stopped at $42K, Stacks (STX) Skyrockets 33% Daily (Market Watch)

December 5, 2023

1.7 Million Addresses Hit 2-Year High

December 5, 2023

Societe Generale Issues First Digital Green Token on Ethereum Mainnet Network

December 5, 2023

More than 200 works belonging to Lisa Schiff could be sold by Phillips to help repay former adviser’s creditors

December 5, 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)$41,737.000.43%
  • ethereumEthereum(ETH)$2,205.78-1.25%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$230.330.51%
  • rippleXRP(XRP)$0.61-1.27%
  • solanaSolana(SOL)$60.17-2.66%
  • usd-coinUSDC(USDC)$1.000.12%
  • staked-etherLido Staked Ether(STETH)$2,203.44-1.27%
  • cardanoCardano(ADA)$0.399195-0.89%
  • dogecoinDogecoin(DOGE)$0.0887601.47%
  • tronTRON(TRX)$0.102834-0.55%
  • chainlinkChainlink(LINK)$15.33-1.48%
  • ToncoinToncoin(TON)$2.37-1.27%
  • avalanche-2Avalanche(AVAX)$21.990.33%
  • matic-networkPolygon(MATIC)$0.79-0.74%
  • polkadotPolkadot(DOT)$5.54-0.46%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$41,672.000.47%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • shiba-inuShiba Inu(SHIB)$0.0000090.54%
  • daiDai(DAI)$1.00-0.03%
  • litecoinLitecoin(LTC)$71.90-2.17%
  • bitcoin-cashBitcoin Cash(BCH)$239.85-1.98%
  • uniswapUniswap(UNI)$6.02-1.43%
  • leo-tokenLEO Token(LEO)$3.71-0.76%
  • okbOKB(OKB)$56.91-2.90%
  • stellarStellar(XLM)$0.120436-1.47%
  • moneroMonero(XMR)$168.47-0.55%
  • KaspaKaspa(KAS)$0.139002-1.96%
  • true-usdTrueUSD(TUSD)$1.000.01%
  • cosmosCosmos Hub(ATOM)$9.570.67%
  • ethereum-classicEthereum Classic(ETC)$19.51-1.56%
  • crypto-com-chainCronos(CRO)$0.094478-0.42%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • internet-computerInternet Computer(ICP)$4.94-1.38%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • nearNEAR Protocol(NEAR)$2.185.01%
  • filecoinFilecoin(FIL)$4.60-0.58%
  • hedera-hashgraphHedera(HBAR)$0.0640802.61%
  • lido-daoLido DAO(LDO)$2.33-2.15%
  • AptosAptos(APT)$7.402.36%
  • BittensorBittensor(TAO)$330.540.30%
  • thorchainTHORChain(RUNE)$6.32-5.11%
  • immutable-xImmutable(IMX)$1.431.12%
  • MantleMantle(MNT)$0.56-2.18%
  • vechainVeChain(VET)$0.0238581.58%
  • blockstackStacks(STX)$1.1830.87%
  • binance-usdBUSD(BUSD)$1.00-0.06%
  • optimismOptimism(OP)$1.72-2.02%
  • quant-networkQuant(QNT)$100.240.04%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • terra-lunaTerra Luna Classic(LUNC)$0.0002422.32%
  • the-graphThe Graph(GRT)$0.1517532.73%
  • aaveAave(AAVE)$96.38-3.24%
  • ArbitrumArbitrum(ARB)$1.06-1.61%
  • injective-protocolInjective(INJ)$16.07-2.05%
  • makerMaker(MKR)$1,454.02-2.05%
  • render-tokenRender(RNDR)$3.54-7.31%
  • Rocket Pool ETHRocket Pool ETH(RETH)$2,416.47-1.16%
  • elrond-erd-2MultiversX(EGLD)$49.70-0.28%
  • CelestiaCelestia(TIA)$8.52-3.34%
  • algorandAlgorand(ALGO)$0.151206-0.13%
  • flowFlow(FLOW)$0.7914.79%
  • havvenSynthetix Network(SNX)$3.56-3.43%
  • theta-tokenTheta Network(THETA)$1.114.62%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.22%
  • ORDIORDI(ORDI)$50.1122.95%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • bitcoin-cash-svBitcoin SV(BSV)$50.11-3.49%
  • iotaIOTA(IOTA)$0.318782-3.48%
  • the-sandboxThe Sandbox(SAND)$0.4423014.11%
  • axie-infinityAxie Infinity(AXS)$6.955.46%
  • kucoin-sharesKuCoin(KCS)$9.4714.97%
  • fantomFantom(FTM)$0.3175523.28%
  • galaGALA(GALA)$0.03006110.90%
  • WEMIXWEMIX(WEMIX)$2.59-5.99%
  • decentralandDecentraland(MANA)$0.4608712.92%
  • BitDAOBitDAO(BIT)$0.592.96%
  • neoNEO(NEO)$11.88-0.82%
  • eosEOS(EOS)$0.721.93%
  • kavaKava(KAVA)$0.810.99%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.490.89%
  • tezosTezos(XTZ)$0.860.26%
  • conflux-tokenConflux(CFX)$0.21294526.36%
  • mina-protocolMina Protocol(MINA)$0.731.48%
  • Bitget TokenBitget Token(BGB)$0.52-1.62%
  • usddUSDD(USDD)$0.98-0.15%
  • terra-luna-2Terra(LUNA)$1.1813.08%
  • xdce-crowd-saleXDC Network(XDC)$0.049887-2.79%
  • fraxFrax(FRAX)$1.000.05%
  • klay-tokenKlaytn(KLAY)$0.2028300.94%
  • Frax EtherFrax Ether(FRXETH)$2,206.67-0.96%
  • Tokenize XchangeTokenize Xchange(TKX)$8.190.22%
  • illuviumIlluvium(ILV)$107.15-1.64%
  • CheeleeCheelee(CHEEL)$12.050.75%
  • frax-shareFrax Share(FXS)$8.56-3.03%
  • SuiSui(SUI)$0.634.84%
  • sapphireSapphire(SAPP)$0.7035.32%
  • SeiSei(SEI)$0.2938994.31%
  • Pyth NetworkPyth Network(PYTH)$0.4223312.62%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • rocket-poolRocket Pool(RPL)$30.660.25%
  • pancakeswap-tokenPancakeSwap(CAKE)$2.34-0.69%
  • PepePepe(PEPE)$0.00000110.81%
  • apecoinApeCoin(APE)$1.611.70%
  • ecasheCash(XEC)$0.000030-0.55%
  • BlurBlur(BLUR)$0.53-0.83%
  • gatechain-tokenGate(GT)$4.20-2.39%
  • BeamBeam(BEAM)$0.0122534.65%
  • dydxdYdX(ETHDYDX)$3.05-5.55%
  • curve-dao-tokenCurve DAO(CRV)$0.59-1.47%
  • fetch-aiFetch.ai(FET)$0.52-1.54%
  • chilizChiliz(CHZ)$0.0773021.10%
  • arweaveArweave(AR)$8.172.18%
  • radixRadix(XRD)$0.050536-0.66%
  • compound-ethercETH(CETH)$44.31-1.29%
  • gnosisGnosis(GNO)$197.94-4.18%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • gasGas(GAS)$7.79-0.76%
  • casper-networkCasper Network(CSPR)$0.04384525.26%
  • Rollbit CoinRollbit Coin(RLB)$0.163069-1.40%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$2,349.84-1.32%
  • tether-goldTether Gold(XAUT)$2,024.95-2.09%
  • trust-wallet-tokenTrust Wallet(TWT)$1.200.98%
  • terrausdTerraClassicUSD(USTC)$0.055145-3.41%
  • cWBTCcWBTC(CWBTC)$837.660.14%
  • pax-goldPAX Gold(PAXG)$2,016.65-1.69%
  • bittorrentBitTorrent(BTT)$0.000000-1.51%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • gmxGMX(GMX)$49.61-5.28%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$2,327.90-1.22%
  • nexoNEXO(NEXO)$0.810.32%
  • osmosisOsmosis(OSMO)$0.71-2.63%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • paxos-standardPax Dollar(USDP)$1.00-0.04%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • zcashZcash(ZEC)$30.62-1.31%
  • huobi-tokenHuobi(HT)$2.74-1.70%
  • aelfaelf(ELF)$0.6620.40%
  • woo-networkWOO Network(WOO)$0.231237-0.24%
  • oasis-networkOasis Network(ROSE)$0.081373-2.61%
  • FlareFlare(FLR)$0.0142331.75%
  • KujiraKujira(KUJI)$3.30-4.35%
  • stepnSTEPN(GMT)$0.2883267.29%
  • zilliqaZilliqa(ZIL)$0.0228733.59%
  • heliumHelium(HNT)$2.74-3.39%
  • akash-networkAkash Network(AKT)$1.76-3.19%
  • iotexIoTeX(IOTX)$0.04083541.02%
  • 1inch1inch(1INCH)$0.3635881.13%
  • FLOKIFLOKI(FLOKI)$0.00004114.44%
  • AstarAstar(ASTR)$0.0707972.04%
  • BonkBonk(BONK)$0.00000610.79%
  • msolMarinade staked SOL(MSOL)$69.27-2.56%
  • singularitynetSingularityNET(AGIX)$0.303583-1.12%
  • huobi-btcHuobi BTC(HBTC)$41,142.00-2.13%
  • dashDash(DASH)$31.79-0.74%
  • merit-circleMerit Circle(MC)$0.831.59%
  • MemecoinMemecoin(MEME)$0.04172637.84%
  • basic-attention-tokenBasic Attention(BAT)$0.240684-0.50%
  • DogechainDogechain(DC)$0.001787-24.98%
  • RoninRonin(RON)$1.297.49%
  • 0x0x Protocol(ZRX)$0.4145422.95%
  • nemNEM(XEM)$0.0390045.49%
  • compound-governance-tokenCompound(COMP)$50.530.26%
  • Aleph ZeroAleph Zero(AZERO)$1.371.14%
  • siacoinSiacoin(SC)$0.0063450.36%
  • apenftAPENFT(NFT)$0.000000-0.22%
  • qtumQtum(QTUM)$3.08-0.30%
  • ocean-protocolOcean Protocol(OCEAN)$0.545.31%
  • AxelarAxelar(AXL)$0.64-5.06%
  • mask-networkMask Network(MASK)$3.867.32%
  • bitcoin-goldBitcoin Gold(BTG)$17.87-2.49%
  • EthereumPoWEthereumPoW(ETHW)$2.91-0.25%
  • enjincoinEnjin Coin(ENJ)$0.3084541.73%
  • convex-financeConvex Finance(CVX)$3.76-2.76%
  • holotokenHolo(HOT)$0.0017192.55%
  • superfarmSuperVerse(SUPER)$0.67-1.39%
  • ribbon-financeRibbon Finance(RBN)$0.358423-5.60%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • theta-fuelTheta Fuel(TFUEL)$0.047272-0.42%
  • chiaChia(XCH)$31.9417.76%
  • SafePalSafePal(SFP)$0.715.01%
  • celoCelo(CELO)$0.573.94%
  • loopringLoopring(LRC)$0.2336233.28%
  • mx-tokenMX(MX)$2.89-1.99%
  • WorldcoinWorldcoin(WLD)$2.40-0.62%
  • ankrAnkr Network(ANKR)$0.0285298.13%
  • justJUST(JST)$0.0313050.09%
  • yearn-financeyearn.finance(YFI)$8,431.62-1.66%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • BeldexBeldex(BDX)$0.046130-0.35%
  • jasmycoinJasmyCoin(JASMY)$0.0056223.22%
  • ethereum-name-serviceEthereum Name Service(ENS)$8.96-1.02%
  • Lido Staked SOLLido Staked SOL(STSOL)$68.93-2.57%
  • Nexus MutualNexus Mutual(NXM)$45.58-0.72%
  • FasttokenFasttoken(FTN)$1.310.47%
  • audiusAudius(AUDIO)$0.2252560.21%
  • sushiSushi(SUSHI)$1.35-2.19%