Nearly 8.7m wallets actively trading or mining NFTs in 2022

According to data shared by Nansen, around 8.7 million wallets are actively trading or mining NFTs this year.

Highest The number of the active wallet is entered Ethereum Followed by around 2.9 million wallets polygon In about 2.5 million wallets.

Even before they go mainstream in 2021, NFTs have been fluctuating in popularity – rising and falling over the years. The first NFT was originally created on the Namecoin blockchain in 2014, however Ethereum Currently the leading NFT platform with around 2.9M active wallets.

solana 3rd largest after around 1.7m NFT wallets polygon, Other chains that have recorded a large number of active NFT wallets include bnb smart chain at 1.3M, avalanche at 152K and Mediation at 116K.

NFTs started moving from various platforms to Ethereum in 2016 thanks to asset acceptance and breeding games like CryptoKitties. About this 4% Americans own NFTs, according to blockchain analytics platform Nansen. This number doubled in just one year.

The majority of NFT purchases are made by California citizens.

Simply put, ignorance is one of the reasons this number is so low. the vast majority of Americans (70%) Still don’t understand what NFT is.

google searches Point out that NFT searches are now most popular in China and Hong Kong. Third place goes to Singapore. The Venezuelan drew a lot of interest last year, but is no longer represented in the top 10.

The number of NFT sales decreased

Number of active wallets engaged nft decreased by more than trade 17% Between Q2 2022 and Q3 2022, according to data provided by Statista. 2021 was a success story for NFTs, although 2022 has not repeated the same.

Even though some NFTs sell for millions of dollars, the average selling price Actually quite a bit. Analysis of indicates that the average cost of NFTs for Q3 2022 was roughly $150 per NFT,

In response to the poor global performance of NFT trading in 2022, most owners reacted by holding their assets for a very long period. is more important “Find a means to limit your lossesAccording to, the key is to keep making money.

Most of the time, those who were forced to resell it did so for less money than they had originally paid.

NFTs in 2023: What to Expect

NFTs have the potential to significantly reduce transaction processing costs for both the buyer and seller of a good or service. These transaction costs, which are usually brought about by analog processing techniques, can be greatly reduced.

Additionally, it may make more transactions possible there. Unlike many physical or digital documents, a single person can easily create dozens of NFTs in an hour.

Many businesses such as McDonald’s, Twitter, Adidas and Lamborghini will follow in the footsteps of those that have already issued or invested in it. nft, They are expected to be widely used throughout the wider Metaverse, unleashing a universe of unimaginable possibilities.

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