With NFT’s (Non-Fungible Token) connection to blockchain technology, this token is here to stay. However, even though NFT has been here for a while, many do not know the rate at which the NFT market is taking over.
So, this piece gives insights into vital NFT statistics and facts.
Top 7 NFT Statistics to Know (Editor’s Pick)
- In October 2021, around 90% of Japanese respondents knew about NFT.
- 9% of US adults in 2021 were very interested in NFTs.
- NFT market trades amounted to $25.8 billion in 2021.
- Japan’s NFT market was expected to hit 5.4 billion yen in 2022.
- The Cryptopunks NFT collection had a market cap of $2 billion.
- In Q3 2021, the trade volume of in-game NFTs was $2.3 billion.
- NFT revenue was projected to hit $3.546 billion in 2023.
Infographic
<a href="https://vpnalert.com/resources/nft-statistics/" target="_blank" data-wpel-link="internal"><img src="https://vpnalert.com/wp-content/uploads/2023/05/top-7-nft-statistics.png" alt="Top 7 NFT Statistics" width="768" border="0" height="836.48" loading="lazy" fetchpriority="low" srcset="https://vpnalert.com/wp-content/uploads/2023/05/top-7-nft-statistics-768x837.png 768w, https://vpnalert.com/wp-content/uploads/2023/05/top-7-nft-statistics-275x300.png 275w, https://vpnalert.com/wp-content/uploads/2023/05/top-7-nft-statistics-940x1024.png 940w, https://vpnalert.com/wp-content/uploads/2023/05/top-7-nft-statistics.png 1200w" sizes="auto"></a>
NFT Market Statistics and Facts
1. In 2021, NFT users spent over $44.2 billion of cryptocurrency on NFT collections and marketplaces.
This cryptocurrency volume was sent to two Ethereum smart contracts associated with NFTs, ERC-721 and ERC-1155 contracts.
2. NFT market trades amounted to $25.8 billion in 2021.
This was 18,400% more than the market generated in 2016-2020 combined.
3. NFT revenue was projected to hit $3.546 billion in 2023.
Furthermore, NFT revenue was expected to hit $4.735 billion in 2024.
| Year | Expected Revenue |
|---|---|
| 2023 | $3.546 billion |
| 2024 | $4.735 billion |
| 2025 | $5.96 billion |
| 2026 | $7.123 billion |
| 2027 | $8.068 billion |
4. Art blocks had the highest market capitalization in the NFT art segment as of January 15, 2023.
Art blocks’ NFT projects on the Ethereum blockchain were worth $850 million. Foundation (FND) came second with a $135.14 million market cap.
| NFT Collection Art Segment | Market Cap |
|---|---|
| Art Blocks | $850 million |
| Foundation | $135.14 million |
| Terraforms by Mathcastles | $46.17 million |
| CyberBrokers | $55.08 million |
| Friendship Bracelets by Alexi Andre | $28.86 million |
5. In January 2023, the Crypto Punks collection had the highest NFT collection market cap at $1.7 billion.
This was among NFTs’ designated profile picture (PFP) types. The Bored Ape Yacht Club collection came a close second with $1.67 billion.
Ratio and Kalamint came second and third with a share of voice (SOV) of 17% and 8%, respectively.
7. The “Charlie Bit My Finger” YouTube video from 2007 sold for $761,000 as an NFT in May 2021.
The “Nyan Cat” meme was sold for $600,000 in April 2021 to come second in sales cost.
| Costliest YouTube Video NFT in 2021 | Value |
|---|---|
| Charlie Bit My Finger | $761,000 |
| Nyan Cat | $600,000 |
| Leave Britney Alone | $41,000 |
| David After Dentist | $11,000 |
8. Beeple’s First 5000 Days digital artwork was sold for 38,474.82 ETH ($69,346.25) in 2021.
Thus, making it the costliest for the year.
CryptoPunk #7804 was the second [4,200 ETH ($7,820.52)], while another CryptoPunk (#3100) sold for 4,200 ETH ($7,574.38) to round up the top three.
| Most Expensive NFT Sold in 2021 | Date Sold | ETH | $ |
|---|---|---|---|
| Beeple’s First 5000 Days digital artwork | March 11, 2021 | 38,474.82 | 69,346.25 |
| CryptoPunk 7804 | March 11, 2021 | 4,200 | 7,820.52 |
| CryptoPunk 3100 | March 11, 2021 | 4,200 | 7,574.38 |
| Beeple CROSSROADS | February 25, 2021 | 4,152.86 | 6,600 |
| CryptoPunk 4156 | February 19, 2021 | 800 | 1,545.93 |
9. Japan’s NFT market was expected to hit 5.4 billion yen in 2022.
The music segment was projected to be the largest (1.2 billion yen) contributor to that number.
10. CryptoPunk #9998 was “sold” in 2022 for 124,457 ETH ($532 million).
However, as of September 2022, nobody could bid on the asset.
Therefore, the most expensive NFT became CryptoPunk #5822, which sold for $23.7 million in February 2022.
11. The Cryptopunks NFT collection had a market cap of $2 billion.
This made the collection the most valuable in 2022, with a floor price of 61.95 ETH ($108,487.46).
<a href="https://vpnalert.com/resources/nft-statistics/" target="_blank" data-wpel-link="internal"><img src="https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap.png" alt="Cryptopunk NFT Collection Market Cap" width="768" border="0" height="600.78226857888" loading="lazy" fetchpriority="low" srcset="https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap-768x601.png 768w, https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap-300x235.png 300w, https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap-1024x801.png 1024w, https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap-1536x1202.png 1533w, https://vpnalert.com/wp-content/uploads/2023/05/cryptopunk-nft-collection-market-cap.png 1534w" sizes="auto"></a>
12. Opensea was the largest Ethereum-based NFT marketplace in 2021, with an all-time sales volume of $10.35 billion.
Axie Infinity and CryptoPunks came second and third with $3.06 billion and $1.59 billion all-time sales volumes, respectively.
| NFT Marketplace (ETH Blockchain) | Sales Volume (2021) |
|---|---|
| Opensea | $10.35 billion |
| Axie Infinity | $3.06 billion |
| CrpytoPunks | $1.59 billion |
| Rarible | $264.52 million |
| SuperRare.co | $178.25 million |
| Foundation | $104.14 million |
13. Between Q2 and Q3 2021, NFT trading increased by 704%.
The NFT space trading volume was $10.67 billion in Q3, with August contributing $5.2 billion in trade volume.
14. In Q3 2021, in-game NFTs generated $2.3 billion in trade volume.
This amount represented 22% of the whole NFT volume.
15. As of January 2023, ‘The Merge’ was the most profitable NFT sold, raking in $91.8 million.
28,893 collectors bought 312,686 pieces of this art on the Nifty Gateway.
It had a starting price of $575, increasing by $25 every six hours.
NFT Users Statistics and Facts
16. Chinese internet users searched NFTs the most on Google in October 2022.
Hong Kong (77%) and Nigeria (73%) came second and third, respectively.
| Country | NFT Search Volume |
|---|---|
| China | 100% |
| Hong Kong | 77% |
| Nigeria | 73% |
| Singapore | 61% |
| South Korea | 49% |
| Georgia | 44% |
17. In October 2021, around 90% of Japanese respondents knew about NFT.
Likewise, approximately 13.5% knew about buying NFTs.
18. In a 2022 survey, 70% of game developers globally were not interested in using NFTs in their studios.
21% were somewhat interested, 7% were very interested, and 1% were already using NFTs.
19. In March 2021, 44% of male respondents aged 45-54 bought NFTs because they were fans of crypto art.
While 54% of male respondents aged 55-65 bought NFT because of its return on Investment. Another 25% of male respondents in the 35-44 age bracket bought digital art for a return on investment.
NFT Demographics Statistics and Facts
20. 10% of US adults were likely to collect NFTs as of March 2021.
This boom is driven chiefly by millennials, with 23% of the age group likelier than others to collect NFTs. Women (4%) were also less likely to collect NFT art than men (15%).
Finally, baby boomers see a decent showing at 2% likelihood, dwarfed by Gen Zers (4%) and Gen Xers (8%).
21. In 2021, 9% of US adults were very interested, and 20% were somewhat interested in NFTs.
Esports fans (23%) and physical collectors (20%) were the likeliest to be very interested in NFTs, followed by gamers (12%) in third place.
Dive Into NFT Space
These NFT statistics and facts highlight NFT’s surges, the leading NFT marketplaces, and the population to which NFT appeals most.
For robust security, super-fast speeds, total privacy, and anonymity while navigating the NFT world, discover the best VPNs for NFTs and never worry about losing your digital art.
- https://blog.chainalysis.com/reports/nft-market-report-preview-2021/
- https://dappradar.com/blog/opensea-nft-trading-volume-hits-4-5b-in-january
- https://www.statista.com/statistics/1291953/market-cap-of-leading-nft-art-collections/
- https://www.statista.com/statistics/1318782/market-cap-of-leading-pfp-nft-collections/
- https://www.statista.com/statistics/1353200/india-leading-nft-platform/
- https://www.statista.com/statistics/1292186/youtube-video-nft-price-sold/
- https://www.statista.com/statistics/1222113/top-nft-projects-worldwide/
- https://www.statista.com/statistics/1361185/japan-nft-market-size-by-segment/
- https://pastel.network/the-story-of-cryptopunk-9998-did-it-really-sell-for-532-million/
- https://dappradar.com/blog/opensea-breaks-10-billion-in-lifetime-nft-trading-volume
- https://www.cnbc.com/2021/10/06/nft-trading-volume-hit-10-billion-2-reasons-why-people-are-buying.html
- https://dappradar.com/blog/dapp-industry-report-q3-2021-overview
- https://www.business2community.com/nft/most-expensive-nft
- https://trends.google.com/trends/explore?q=NFT
- https://www.statista.com/statistics/1288947/game-developers-studio-interest-nfts/
- https://www.statista.com/statistics/1265845/us-nft-buyer-motivation/
- https://morningconsult.com/2021/04/05/millennials-nfts-collectibles/
- https://www.statista.com/outlook/dmo/fintech/digital-assets/nft/worldwide#transaction-value
