- There was a surge in the NFT traders by 1114.5% in the second quarter of 2022.
- The popularity of NFTs keeps increasing as it attracts different cadres of people now.
- NFTs appear in various forms, from contemporary art to sound effects, thus increasing their market scope.
Research from CryptoMonday indicates that the average number of daily NFT traders grew by 1114.5% in Q2 2022 compared to Q2 2021. The daily average NFT traders were 2,412 in Q2 2021 and rose to 29,289 in Q2 2022.
Speaking about the findings, Jonathan Merry, CEO of CryptoMonday, said:
The increase in daily NFT traders is organic. Most people who find it difficult to trade tokens due to crypto winter are turning to NFTs. Despite security concerns, NFT appears not to slow down. The numbers are likely to increase in the coming quarter.Jonathan Merry
NFT Popularity Keeps Surging
NFTs are not merely traded by private individuals anymore. Many of the most successful firms are aware of the role that NFTs play in influencing the future cultural landscape.
Disney has already joined the NFT space. Also, the very first NFT collection from Adidas is already out. Recently, Nike completed the acquisition of an NFT brand. Meanwhile, Visa shelled out $150,000 to get the rights to use one of the first CryptoPunks.
NFTs are not a hot topic for crypto investors alone. The NFT craze has even snared a slew of A-listers and professional athletes.
On social media, Snoop Dogg, Justin Bieber, Steve Aoki, Post Malone, and Eminem have all shown off their NFTs. Steph Curry, Neymar Jr., and Serena Williams are some professional athletes who are into NFTs.
NFTs' Different Forms
You would be very much mistaken if you believed that contemporary art sales are the only NFT transactions. A wide variety of different kinds of NFTs sell for millions of dollars. Some of these NFTs include sound effects, while others include clips from sporting events. Even tweets have their market.
Valuable is a marketplace for non-fungible tokens (NFTs). Jack Dorsey, the founder of Twitter, sold his very first tweet using it as a marketplace. This tweet went for more than $2.9 million fifteen years after the author first posted it with the message "just setting up my Twittr."
Sina Estavi, the buyer of the tweet, made his comments after winning the bid. He said one of his goals was to promote collaboration between the charitable sector and the crypto industry.