The daily average amount collectors sent to NFT marketplaces has grown by 183% in 2022
May 23, 2022 (Investorideas.com Newswire) According to CryptoMonday.de, collectors sent $37B to NFT marketplaces in the first 4 months of 2022. That figure works out to nearly $308M in daily remittances, a 183% increase from last year's figures. In 2021 collectors sent $40B, roughly $109 million in average daily payments to those marketplaces.
These figures are great news for collectors and NFT marketplace owners alike. That's because they show that there is a growing demand for non-tangible collectibles. There have been suggestions that the NFT space is waning following record-breaking growths in 2021. But these figures firmly dispel that notion.
NFTs and the shifting property views
CryptoMonday.de's CEO, Jonathan Merry, attributes 2020's growth to a change in how people view money and assets. He says, "We're witnessing a huge shift in how people interact with money and property, and it's not just happening online. One can now purchase an apartment in Berlin using an Ethereum-based token instead of traditional currency-which opens up all kinds of possibilities for future transactions!"
NFTs have been a big hit since their introduction in 2021. They owe their growth to the increasing popularity of crypto-collectibles. Again there's been a surge in the number of NFTs available for trading. These two factors have expanded their user base and the number of transactions per user.
NFTs have a diverse global audience
NFTs have a diverse global fan base. Their popularity is highest in Central & Southern Asia. North America and Europe also have a high number of adopters. Although other regions are lagging, they too are witnessing tremendous adoptions.
Retail users make the majority of NFT transactions. These engage in transactions lower than $10K. Institutional investors have been ramping up their interests in the space too. They have often accounted for most of the activity coinciding with large purchases in certain weeks.
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