NFT – Facts and Statistics

We all know that the value of NFTs or non-fungible tokens is skyrocketing.

Today, buyers are frequently speculators who believe that if they’re in earlier, they will be able to sell for a better price later. NFTs, on the other hand, are a fairly recent development, and so many individuals are still attempting to know and understand the underlying components. 

We’ll go through the most relevant NFT data and facts to help you understand the financially valuable patterns.

Top Statistics – Non-Fungible Tokens

The first tweet of Jack Dorsey (the founder of Twitter), which was sold for approximately $3 million, is an example of an eminent NFT. On the other hand, Pak, a digital artist, sold 266,445 shares of an NFT particular collection “Merge” on Nifty Gateway for $98.1 million in December 2021. You must keep in mind that NFTs aren’t usually exceedingly overpriced. Around 53% of the NFTs sold on OpenSea in March 2021 were acquired for less than $200.15.

NFT Statistics: Facts, and Trends

Thousands of NFTs Are Sold Each Day

NFT transactions can presently vary from 10,000 to 55,000 every week, in accordance with the statistics provided by NonFungible.com. There had been just 100 sales each week until the enormous spike in the second half of 2017. This first-hand data determines how much the NFT industry has extended.

Demographics

According to a recent poll, one in every three American adults accumulates tangible items as an investment or a pastime. One-fourth of persons who consider collectors also participate in NFTs. Meanwhile, NFTs are collected by 42% of millennials. NFT collectors are 3 times more likely to be men than females. Males are quite common collectors as compared to women.

Energy Consumption

Ethereum 2.0 technology has the potential to cut energy consumption by more than 99 percent. The majority of NFTs run on the Ethereum platform, and according to NFT industry statistics, the token used 103.17 TWh each year by the end of 2021.

NFT’s Sale Prices

Most markets utilize statistics based on a single major transaction, which can be deceiving.

Instead, we should look at what’s been purchased in recent months to get a stronger idea of why people are ready to spend without being persuaded by other things.

From March 14 to 24, more than a third of transactions on OpenSea were under $100, with 53 percent of sales exceeding $200. For the majority of the time, these costs did not exceed $300.  Before you spend a lot of money on a piece of digital art, be sure you understand what you’re getting yourself into.

Final Verdict

Now that we’ve covered what NFTs are it’s time to make the most of NFT’s facts and data. You need to start with some basic NFT information before moving on to details such as the most costly NFTs and their most important trends. Stay connected for more updates and information!

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