Like most crypto projects this year, the alternative Impossible Tokens (NFTs) have felt the pain of the 2022 cryptocurrency winter as sales have plummeted and the value of good NFTs has plummeted. , was about $534 million, compared to NFT’s sales of $2.77 billion in December 2021.
NFT industry hit hard in 2022 — sales and Google search plummet
2022 not friendly to non-fungible token (NFT) owners was. Statistics show that interest in this subject has dropped significantly this year. According to data from Google Trends (GT) , the search term “NFT” scored approximately 52 for the week from Dec 26, 2021 to Jan 1, 2022. This term also soared to the highest score.
But today, for the week 18-12-24-2022, the search term “NFT” has a score of about 16. December 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. Year. Cryptoslam.io data shows $2.77 billion in NFT sales in December 2021, compared to just $534 million in NFT sales last month . The metric stored on archive.org shows that $414.84 million in sales was recorded for the week of December 27, 2021.
December week sale. On February 27, 2021, sales were down 32.05% to $610.53 million in the last seven days. In terms of blockchain NFT sales at the time, Ethereum made $334.83 million out of a total of $414.84 million in total sales that week. Seven-day sales for the week of December 27, 2021 were approximately $45.65 million for Ronin and just over $16 million for Solana.
Top 5 projects or collections 7-day sales for the final week of December 2021 include Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, The Includes sandboxes. Nearly a year later this month, NFT sales pale in comparison to last year’s purchases. As of December 25, 2022, NFT sales fell 12.22% this week, as $154.02 million in sales were recorded in the last seven days.
There were 295,338 of his NFT buyers and over 1 million of his NFT transactions in the last 7 days. This week, the top blockchain by NFT revenue is Ethereum (ETH), with $129.23 million in NFT revenue derived from theETH chain in the past 7 days. did.
ETH followed by Solana, Polygon, Immutable X, and Cardano to record the biggest blockchain sales of the week. Last year, on December 27, 2021, his NFT called “Mega” sold for 888 Ether and was valued at $3.6 million at the time. Additionally, on the same day, Cryptopunk #9137 was sold for 310 Ether or $1.21 million.
Dappradar Statistics show that Cryptopunk #9137 is currently worth between 63.95 Ether or $77,995 (Cryptopunks current floor), or 377.24 Ether or $460K (Dappradar estimate). Worth it. Last year’s archival data from nftpricefloor.com shows that the Bored Ape Yacht Club (BAYC) NFT had a floor value of around 87.5 Ether. ETH was also trading at $4,000 per unit at the time. So 87.5 Ether was about $350,000 at the time.
Dec 19, 2021, Its value at the time was approximately $260,000 when measured in US dollars. Sales recorded on December 25, 2022 are a completely different story. Currentstatsfrom nftpricefloor.com show that BAYC can be bought 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 cost 63.95 ETH or approximately $77,000 in USD. GT data also shows that interest in the term ‘Bored Ape Yacht Club’ has also dropped significantly since last year. Last year, the search term “Bored Ape Yacht Club” for the week of December 26, 2021 to January 1, 2022 had a score of about 50, and by the week of January 16 to January 22, 2022, the score was about 50. was about 50. , and reached 100 search terms.
Today, BAYC-related search terms are down to a score of 10, a significant drop in overall interest from last year. Similarly, China dominates 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 are your thoughts on this year’s NFT sales and overall interest in digital collections being significantly lower than last year? Let us know your thoughts on the matter in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,