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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.

Read the full story here: The daily average amount collectors sent to NFT marketplaces has grown by 183% in 2022

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