Like most crypto projects this year, non-fungible tokens (NFTs) have felt the pain of the 2022 crypto winter. For example, NFT sales in December 2021 were $2.77 billion, while last month NFT sales were about $534 million.
The NFT industry will take a hit in 2022 — sales and Google searches will drop sharply
2022 has not been kind to Non Fungible Token (NFT) holders. Statistics show that interest in Non Fungible Token (NFT) has dropped significantly this year. Google Trends (GT) data We can see that in the week from December 26, 2021 to January 1, 2022, the search term “NFT” scored about 52. Also, from January 16th to January 22nd, 2022, the term spiked to its highest score of 100. .
But today, for the week of December 18-24, 2022, the search term “NFT” has a score of about 16. His interest in NFTs, which began around December, has recently revived slightly, according to GT Data. . 4, 2022. According to GT data, the region with the most interest in NFTs today is China, followed by Hong Kong, Singapore, Nigeria and Taiwan.
Statistics show that NFT sales volume has dropped significantly since last year. Cryptoslam.io data shows $2.77 billion in NFT sales in December 2021, compared to just $534 million in NFT sales last month. index Data archived at archive.org shows that the week of December 27, 2021 recorded sales of $414.84 million.
Sales for the week of December 27, 2021 were also down 32.05%, with $610.53 million in sales over the last 7 days. In terms of his NFT sales by blockchain at the time, Ethereum was his $334.83 million out of $414.84 million in total sales that week. His seven-day sales for the week of December 27, 2021 were about $45.65 million for Ronin and just over $16 million for Solana.
Top 5 projects or collections by sales for the last 7 days of December 2021 include Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, and The Sandbox. Nearly a year later this month, NFT sales pale in comparison to last year’s purchases. As of December 25, 2022, his NFT sales this week were down 12.22% as he recorded sales of $154.02 million in the last seven days.
In the seven days that followed, there were 295,338 NFT buyers and over 1 million NFT transactions. Ethereum remains the top blockchain by NFT revenue this week (ethereum) And in the last seven days, NFT sales were $129.23 million. ethereum chain.
ethereum Solana, Polygon, Immutable X, and Cardano followed in terms of last week’s top blockchain revenue. Last year, December 27, 2021, his NFT called “Mega” sold for 888 Ether, valued at his $3.6 million at the time. Additionally, on the same day, Cryptopunk #9137 was sold for his 310 Ether or $1.21 million.
Daprada statistics Cryptopunk #9137 is currently worth between 63.95 Ether or $77,995 (Cryptopunks current floor), or 377.24 Ether or $460K (Dappradar estimate).last year’s Archive data According to nftpricefloor.com, the floor of Bored Ape Yacht Club (BAYC) NFT was around 87.5 Ether. ethereum At the time, it was trading at $4,000 per unit, so 87.5 Ether was about $350,000 at the time.
Cryptopunk can be purchased for 65 Ether on December 19, 2021 and was valued at approximately $260,000 USD at that time. Sales recorded on December 25, 2022 are a completely different story than they are today. statistics From nftpricefloor.com shows BAYC available for purchase at 69.88. This is worth approximately $85,159 using today’s Ether exchange rate.
A cryptopunk NFT purchased at the current floor price on December 25, 2022 will be priced at 63.95. ethereum Or approximately $77,000 in US dollars. GT data also shows that interest in the term ‘Bored Ape Yacht Club’ has also dropped significantly since last year. Last year, during the week of Dec 26, 2021 to Jan 1, 2022, the search term “Bored Ape Yacht Club” scored about 50, and from the week of Jan 16, 2022 to Jan 22, 2022 had a score of about 50. , there were 100 hits for the search term.
Today, BAYC-related search terms are down to a score of 10, a significant drop in overall interest from last year. Likewise, China dominates his BAYC interest this week, followed by Singapore, Hong Kong, Canada and Australia. GT data related to other good NFTs such as Cryptopunks, Mutant Ape Yacht Club, etc. have also seen a significant drop in GT search interest.
What do you think about this year’s NFT sales and overall interest in digital collectibles being significantly lower than last year? Let us know what you think about this in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,
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