Over $1B reinvested into ecosystem from NFT mints in 2022 according to Nansen report #togrp7
Nansen, one of the industry’s leading blockchain data and analytics platforms, released a report Tuesday detailing the flow of Ethereum raised through NFT mints in 2022. Nansen reviewed collections with sales volume above 20 ETH within the first six months of 2022. In its analysis, the data indicates a “maturing NFT market.”
Among the NFT collections analyzed, the majority offered free mints showing a growing trend for free mint projects in 2022. Only 343 collections launched with mints costing over 500 ETH. Supporting this thesis, of all the funds raised from projects covered in the report, only 0.3% of funds were sent to exchanges. However, one limitation was identified in the report, given that the research does not cover onward transactions from the receiving wallets.#togrp7
Over $1B reinvested into ecosystem from NFT mints in 2022 according to Nansen report
