How Many NFT Projects and Owners Are There?

How Many NFT Projects and Owners Are There

In recent years, NFTs (Non-Fungible Tokens) have taken the digital world by storm, creating a new market for collectors and investors to buy, sell, and trade unique digital assets. With the growing popularity of NFTs, it’s natural to wonder about the number of NFT projects and owners out there.

In this article, we’ll explore the latest statistics and estimates related to NFTs, including the number of NFT collections available in the market, the estimated number of NFT owners worldwide, the various NFT marketplaces, and the blockchain platforms that support NFTs. We’ll also look at the countries that have embraced the NFT craze and the reasons behind their growing popularity.

With a market cap of over $11.3 billion, the NFT market surpasses the Gross Domestic Product of several small countries such as Somalia, Togo, and Kosovo.

As NFTs continue gaining popularity and mainstream acceptance, keeping track of the latest trends and developments in this exciting new market is essential. So, buckle up and get ready to dive into the fascinating world of NFTs!

How Many NFT Collections Are There?

How Many NFT Collections Are There

The number of NFT collections available in the market varies greatly and constantly changes as new ones are created and old ones are sold. However, it is estimated that over 50,000 unique NFT collections are currently available for purchase.

The analytics firm recorded about 101 million NFT trades over the course of 2022, compared to about 58.6 million NFT trades in 2021.

The global NFT market size was valued at USD 20.44 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 34.2% from 2023 to 2030, reaching a projected market size of USD 211.72 billion at the end of the period.

How Many NFT Owners Are There?

How Many NFT Owners Are There

The number of NFT owners is difficult to determine as many NFTs are held in anonymous wallets. However, according to a report by NonFungible.com, there were over 10 million NFT sales in the first half of 2021 alone, indicating that there are likely millions of NFT owners worldwide.

According to statistics, there are around 400,000 people who own NFTs. Currently, around 9% of the NFT community owns approximately 80% of the total value of NFT items. 

The weekly active NFT wallets are between 8,000 and 12,000, triple the number of weekly active wallets in 2017.

How Many NFT Marketplaces Are There?

How Many NFT Marketplaces Are There

The number of NFT marketplaces is also constantly changing as new ones emerge and existing ones evolve. However, it is estimated that there are currently over 100 NFT marketplaces operating in the market, including popular ones like OpenSea, Nifty Gateway, SuperRare, Rarible, and AtomicMarket.

At the moment, OpenSea is the most significant player in the game, dominating over 50% of the market share.

The popularity of NFTs has also led to an increase in the number of artists creating and selling their work through NFT platforms. In March 2021, digital artist Pak sold an NFT for over $3.5 million on the Nifty Gateway platform.

How Many Blockchain Platforms Are There?

How Many Blockchain Platforms Are There

The number of blockchain platforms that support NFTs is constantly evolving, with new platforms emerging and existing ones expanding their capabilities. However, it is estimated that over 50 blockchain platforms currently support NFTs, including popular ones like Ethereum, Cardano, Solana, Polygon, and Wax.

Cardano is partnering with CNFT to launch several NFT projects with different creators, while Solana has already started hosting successful NFT drops. These new blockchain platforms are gaining interest within the NFT community and are expected to bring unique features and benefits.

What Countries Are Into NFTs?

What Countries Are Into NFTs

NFTs are gaining popularity worldwide, with countries such as the United States, China, the United Kingdom, Canada, South Korea, and Japan among the early adopters.

As more people become aware of the unique benefits and applications of NFTs, their popularity is growing globally, and more countries are actively involved in NFT trading and creation, including Germany, Russia, France, and Singapore.

With over $11.3 billion in market cap, the US and China have the largest number of NFT buyers and sellers, with the US accounting for one-third of global NFT sales. Although these countries lead the way in NFT adoption, the technology is growing globally, and people worldwide can participate in buying, selling, and creating NFTs.

The post How Many NFT Projects and Owners Are There? appeared first on NFT News Pro.



from NFT News Pro https://ift.tt/FjO47K6

Comments

Post a Comment

Popular posts from this blog

How to make money with NFTs?

Image
In the following, we will learn about NFTs and the best ways to make a profit with NFTs in 2022.  Non-fungible tokens or NFTs are attracted lots of attention among investors since 2021. They have been one of the most profitable blockchain-based assets. NFTs such as The Merge, sold for $91.8 million, and Everyday: The First 5000 Days by Beeple , sold for $69.3 million, even caused more changes in how the world estimated the profit of the digital collectibles. But, do you need to spend so much money to gain profit from NFTs? The answer is a big no! Although lots of NFT artists and investors have made lots of fortune through creating NFTs, there are also other ways to take advantage of the market. Before knowing how to get rich through NFTs, first, you have to know what exactly NFTs are. If you already know about NFTs so go to the next section. What is an NFT? Non-fungible tokens or NFTs are digital assets that cannot be changed or duplicated. Each NFT, therefore, is one-of-a-kind
Read more

NFT Legal Issues and Risks

Image
Several factors influence the interest in NFTs, including the popularity of blockchain technology, growing interest in cryptocurrencies, and interest in digital art and collectibles. However, the growth of the NFT market brings about legal risks and issues associated with non-fungible tokens as digital assets. The NFT market is crowded with lots of NFT projects which makes investors think carefully before buying a digital asset due to the high risk of fraud. Most NFT investors are not fully aware of the legal risks and issues associated with NFTs, though there is currently little legal protection for investors in the NFT market. In the following, we aim to inform our readers about legal issues and risks associated with NFTs and the market they may face in 2023. Copyright Infringement One of the most important issues for an NFT creator is to know the rights they acquire by creating a non-fungible token. If an NFT is produced based on someone else’s work or idea without their conse
Read more

How to Add Utility to an NFT?

Image
There are several factors that determine the success of an NFT project. In the long term, though, a few factors make an NFT valuable in the market. NFT utility is a key to NFT investors and collectors which convince them to invest in a project and become a member of the community. Adding utility to an NFT project can create real-world value for the project and take it to new heights. In fact, NFT utility allows an NFT to transform from a simple digital token to a highly desirable and valuable asset. If you are also thinking about adding utility to your NFTs, here is all you need to know. In this article, we provide a complete guide about NFT utility, its types, NFT utility apps, and examples of successful utility NFTs. What is NFT Utility? In simple terms, utility refers to the additional benefits or services that add to the value of an asset. Utility NFTs refer to digital tokens that have a practical application and, therefore, higher values. Such utilities can be the key to t
Read more