According to the most recent NFT statistics, Non-Fungible Tokens may be one of the most intriguing cryptocurrency phenomena ever. NFT sales topped $25 billion in 2021, with countless people buying everything from video snippets to cartoon monkeys.
While the art world has reaped enormous benefits from the emergence of NFTs, so have a slew of top corporations, celebrities, and influencers. Demand for NFTs has exploded out of nowhere, taking the globe by storm.
Today, we’ll take a closer look at the Non-Fungible Token statistics and how they’re changing the way we think about investment and digital money.
General NFT Statistics & Trends
1. In 2021, about $41 billion in bitcoin was spent on the NFT marketplaces. (Chainalysis)
According to NFT statistics gathered by blockchain analytics firm Chainalysis Inc., the NFT market is expected to reach almost $41 billion in 2021, surpassing traditional art sales. Traditional art and antique sales are expected to reach $50 billion by 2020. The increased popularity of NFTs and auction house closures during the COVID-19 pandemic explain the closing gap.
2. The most valuable NFT is valued at around $91.8 million dollars. (Artnet)
When Pak’s “The Merge” sold for more than $91.8 million in December 2021, it vaulted to the top of the NFT rankings. 30,000 collectors participated in “The Merge,” making it the largest NFT sale ever.
3. Between Q2 2021 to Q3 2021, the amount of NFT trading increased by 704%. (CNBC)
Throughout 2021, the NFT boom was hard to ignore, with quarterly trade volumes increasing eightfold between Q2 and Q3. According to NFT market statistics, the total value of all global NFT transactions in the third quarter was $10.7 billion.
4. Cryptopunks are responsible for five of the top twenty NFT sales. (Expanding Subjects)
CryptoPunks, a Larvalabs creation, runs on the Ethereum network. Due to their rarity, these are incredibly popular. For example, CryptoPunk #7523 sold for around $11.8 million, while CryptoPunk #3100 sold for $7.7 million, making them the fourth and fifth-highest NFT sales, respectively.
5. In 2014, the first NFT appeared. (Alternative Press)
The minting and sale of NFTs began five years after the introduction of Bitcoin. Kevin McCoy built the first NFT in May of 2014. Quantum was created by McCoy and sold for $1.4 million in a Sotheby’s auction in November 2021.
6. Over half of all NFT sales are under $200. (Artnet)
Not all NFTs generate millions of dollars in revenue. More than half of the documented sales were less than $200. According to NFT statistics, the majority of primary sales were for $100 or less.
7. The average price of an NFT varies by a factor of six depending on the platform. (Tealfeed)
Average NFT prices on Valuable are only $150, but they are $500 on OpenSea and $900 on Mintable. Top-selling NFTs, on the other hand, can fetch millions of dollars.
8. In 2021, the Nyan Cat GIF was sold for $590,000 in cryptocurrency. (Courtesy of the South China Morning Post)
The famed Nyan Cat GIF, which was created in February 2021 and has been around for ten years, sold for more than $590,000. Cotton candy cat, the Dragon, was dethroned as the most valuable feline NFT to date.
9. On OpenSea, an estimated 250,000 users trade NFTs each month (CNET)
OpenSea is currently at the top of the world’s largest NFT markets, with an NFT price tracker. According to estimates, roughly a quarter of a million people trade NFTs on the platform every month. CoinBase has a 2 million-strong waiting list for their forthcoming NFT marketplace, which is set to start in 2022.
NFT Demographic Statistics
10. NFTs are collected by 23% of millennials in the United States. (Breakfast Consult)
According to a recent survey, one in every three American adults accumulates tangible items as an investment or a hobby. One-fourth of persons who identify as collectors also participate in NFTs. Meanwhile, NFTs are collected by 42% of millennials.
11. NFT collectors are three times more likely to be men than women. (Breakfast Consult)
Men and women had different collection habits, according to the same poll. Men are three times as likely as women to describe themselves as collectors.
12. Asia has the top five countries with the most NFT adoption. (Finder)
According to a survey of 28,000 people in 20 nations, the Philippines has the most NFT owners (32% ). Thailand (27%) has the second-highest NFT adoption rate, followed by Malaysia (24%), the United Arab Emirates (23%), and Vietnam (23%). (17% ).
13. Nigeria is anticipated to have the highest rate of NFT adoption (21.7%).(Finder)
Nigerians owning NFTs are predicted to increase from 13.7% to 35.3%. Peru (14.5%), Venezuela (13.5%), and Colombia (13.5%) are also expected to see significant gains in NFT adoption (11.9% ). The expected growth rates in the United States and the United Kingdom are 3.9% and 3.3%, respectively.
14. People with annual incomes of less than $25,000 invested in NFTs at a similar rate as those with annual incomes of more than $150,000. (CivicScience)
Buying NFTs is a hobby shared by both low- and high-income people. However, those in the middle-income range (between $25,000 and $150,000 per year) tend to be less enthusiastic, with 94% stating that they had no interest in NFTs at all.
15. California purchases the most NFTs of any state. (From the Wealth Quint)
The cities that are buying the most NFTs are San Francisco and Los Angeles. Two additional California cities, San Jose and San Diego, as well as Austin, Texas, follow them. Hawaii is the second most populous state, followed by Nevada.
16. In Thailand, women own NFTs in greater numbers than males. (Finder)
NFTs are owned by 30% of women in the country, compared to only 23% of men. Venezuela is the only other country where women possess more NFTs than men, with 11% of women owning NFTs compared to 10% of males.
17. More than 70% of Americans are still unaware of what an NFT is. (Finder)
According to the most recent research, most adults in the United States are unaware of NFTs. In Japan and Germany, where 90% and 82.6% of adult populations, respectively, had never heard of them, the percentages are much higher. Meanwhile, only 55.3% of Hong Kong residents are aware of what an NFT is.
Conclusion: Best NFT Statistics
The demand for NFT is always increasing, owing to the innovative concept’s adaptability. Everything from services to concert tickets can be turned into NFTs for customers to buy, accumulate, and resell. The adoption of blockchain technology also provides a more secure environment for trading and asset management.
Simultaneously, the expansion of NFTs is resulting in an increase in the number of options available to consumers interested in investing in these assets. Companies have recently begun looking into ways to fragment NFTs so that anyone can own a “piece” of art, internet, or gaming history rather than purchasing the entire asset.
Hope you have got useful insights on the best NFT Statistics and Trends in 2022.