While the crypto market continues it’s extended winter break, attention is fast diverting to NFTs which have come flying out of the blocks in 2022 🖼
Volume on OpenSea, the biggest NFT marketplace, continues to reach new highs every day following a massive growth of 22,770% throughout the course of 2021 📈
The demand for digital art seemingly knows no bounds and celebrities are continuing to jump on board. Eminem, Dave Chapelle and Steph Curry both picked up Bored Ape Yacht Club NFTs in the last week for mind blowing prices of $200k+ per ape 🦧
Digital art is quickly becoming a status symbol across the globe. Art collectors, celebrities and billionaires don’t want to be left on the sidelines during the emergence of this brand new, futuristic and exciting asset class 🌱
Despite growing competition from chains like Solana and BSC, 90% of NFT volume still comes from Ethereum.
Crazy gas fees are keeping many from participating but with ETH 2.0 scheduled for release in June, the low fee mints and transactions we have always dreamed of could be a reality sooner rather than later ⛽️
With Twitter, Coinbase and Instagram also preparing to launch their own NFT platforms this year, all the signs are pointing towards a continued uptrend for NFTs in 2022. The hype we are seeing right now could well be just the tip of the iceberg
