{"id":10552,"date":"2022-05-06T06:17:34","date_gmt":"2022-05-06T06:17:34","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nft-collectors-sent-37b-to-marketplaces-in-2022-nearly-equaling-2021-already\/"},"modified":"2022-05-06T06:17:37","modified_gmt":"2022-05-06T06:17:37","slug":"nft-collectors-sent-37b-to-marketplaces-in-2022-nearly-equaling-2021-already","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nft-collectors-sent-37b-to-marketplaces-in-2022-nearly-equaling-2021-already\/","title":{"rendered":"NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already"},"content":{"rendered":"<div data-v-2a0745c6=\"\">\n<p>Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021.\u00a0<\/p>\n<p>According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart contracts associated with NFT collections and marketplaces throughout 2021. <\/p>\n<figure><figcaption style=\"text-align: center;\">Source: Chainalysis<\/figcaption><\/figure>\n<p>Since the beginning of last year, NFT transaction volume has grown considerably, but the overall growth of the industry has been inconsistent. <\/p>\n<p>The report outlines that NFT transaction volume occurs sporadically, and has been in a downturn since mid-February. The NFT market has since made a brief recovery as of mid-April \u2014 most likely due to the recent hype around Moonbirds and the Bored Ape Yacht Club\u2019s metaverse project, Otherside. <\/p>\n<p>Despite the short-term fluctuations in NFT transaction volume, the number of people around the world buying and selling NFTs remains strong, with 950,000 unique addresses buying or selling NFTs in Q1 2022. <\/p>\n<p>As of May 1, Q2 2022 491,000 unique addresses have transacted with NFTs, putting the market on track to continue its growth trend in the number of participants. <\/p>\n<p>By analyzing the web traffic of the major NFT marketplaces, Chainalysis determined that NFTs attract users from all corners of the globe, with Central and Southern Asia leading the charge, followed closely by North America and Western Europe.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/05\/3622fc52-6f3b-48b5-8f27-8736b7beb86f.png\"\/><figcaption style=\"text-align: center;\">Source: Chainalysis<\/figcaption><\/figure>\n<p><em><strong>Related: <\/strong><strong>The NFT sector is projected to move around $800 billion over next 2 years: Report<\/strong><\/em><\/p>\n<p>The report contradicts the conclusion of a recent article published by the Wall Street Journal, which claimed that NFT sales were flatlining. The article stated that \u201cThe NFT market is collapsing,\u201d yet, in the same week the top five NFT collections alone accounted for more than $1 billion in primary and secondary sales.<\/p>\n<p>Chainalysis\u2019 report also comes the day after Coinbases\u2019 launch of its in-house NFT marketplace failed to generate any major interest. On-chain data showed that a mere 150 transactions occurred on May 4 \u2014 the first day of trading \u2014 with just $75,000 in volume moving through the platform. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021.\u00a0 According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart contracts associated with NFT collections [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-10552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/nft-collectors-sent-37b-to-marketplaces-in-2022-nearly-equaling-2021-already\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT collectors sent $37B to marketplaces in 2022, nearly equaling 2021 already | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Collectors of non-fungible tokens (NFTs) have already sent more than $37 billion in value to NFT marketplaces this year (as of May 1), a figure that nearly exceeds the total amount in all of 2021.\u00a0 According to a report from Chainalysis, investors sent $40 billion worth of cryptocurrency to smart contracts associated with NFT collections [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/nft-collectors-sent-37b-to-marketplaces-in-2022-nearly-equaling-2021-already\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; 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