how big is nft market

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Despite the rollercoaster in prices, interest in NFTs has persisted. In January, 2.4 million NFTs sold on OpenSea, the largest NFT marketplace — over a million more than sold in December.

A record-breaking $4 billion worth of NFTs sold on OpenSea in January.
Month Volume, millions
January 2021 $8.07

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Feb 3, 2022

Which NFTS should you buy?

Mar 04, 2022 · The NFT market size surpassed $41 billion in 2021. The collectibles market is the fastest growing. The first NFT was created in 2014 More than 50% of NFT sales are less than $200 250,000 people trade NFTs every month on OpenSea Detailed NFT Statistics 2022 (Including Facts & Trends)

What are the best NFTS to buy?

Mar 10, 2022 · NFTs Grew to 41 Billion Market in 2021, Nearing Fine Art Market Size NFTs March 10, 2022 0 The market for non-fungible tokens surged to $41 billion in 2021, according to the newest metric. By comparison, sales in the conventional art …

How much does it cost to create a NFT?

Jan 21, 2022 · The current size of the NFT market is estimated to be worth $2.5 billion and is expected to grow to $10 billion by 2025. According to Coin Market Cap, at the time of writing, its market capitalization is $4.4 billion .

How large is the market for NFTS?

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How much is the NFT market worth 2022?

As of April 12, 2021, NFT sales recorded on the Ethereum blockchain during the previous 30 days generated an aggregated value of nearly 64 million U.S. dollars. As of February 15, 2022, the aggregated sales value over 30 days amounted to roughly 87 million U.S. dollars.Feb 16, 2022


How many NFT owners are there?

As of 2021 there are around 360,000 NFT owners According to the Financial Times and Chainalysis, there are approximately 360,000 NFT owners holding around $2.7 million in NFTs between them. However, around 9% of the total group is responsible for approximately 80% of the market value.Feb 27, 2022


Who owns the most expensive NFT?

Almost exactly a year ago, Sundaresan bought the world’s most expensive NFT and the third most expensive piece sold by a living artist. His $69.3 million purchase of Beeple’s historic “Everydays: The First 500 Days” shocked the industry and was, at least in part, responsible for propelling NFTs into the mainstream.5 days ago


What percentage of the world owns an NFT?

NFT ownership is concentrated to just 0.1% of crypto owners.Jan 4, 2022


What is an NFT?

An NFT is a verified digital asset that is protected by blockchain technology to provide proof of authenticity and ownership. The most popular NFTs include images, music, videos, and of course, GIFs.


How big is the NFT market?

In 2020, the NFT market grew by a massive 299% and was valued at over $250 million.


Why is the NFT market surging?

The increase in spending on NFTs can mainly be linked to the new investors and big brands jumping into the market.


What caused the surge in interest?

There are a few factors that can be linked to the recent NFT market boom.


What are the most expensive NFTs?

In 2021, digital artist Beeple broke records with the most expensive NFT artwork yet. “Everydays: the First 5000 Days” sold at the renowned auction house Christie’s for close to $70 million.


Why do people buy NFTs?

There are numerous reasons why people buy NFTs, but it can be difficult to understand why people would spend so much money on a meme or video clip that they don’t even own the copyright to.


What are the risks and issues associated with NFTs?

In order to purchase an NFT from a marketplace, you’ll usually need a crypto wallet, and considering less than 1% of the world’s population own one, mass adoption could be a long way off.

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