Non-fungible tokens or NFTs are very popular these days and it is one of the most popular topics at the moment.
If you are looking for the top NFT statistics, we have created this comprehensive stats list that you need to know.
In 2021 alone, people spent over $40 billion worth of cryptos to buy NFTs and the market is growing g very fast.
NFT is a relatively new subject and many are yet to understand how it works. So, the trend is going to go up as it becomes understandable to more and more population.
Let’s have a look at some of the top NFT statistics you need to know.
1. NFT market is projected to be $13.6 billion industry by 2027
NFT market is growing quickly and it is projected to be over a $13 billion industry by 2027. The primary end-users will be around Media and Entertainment, Gaming businesses, and geo-locations will be Americas, Europe, MEA, APAC.
The industry is currently valued at around $3 billion.
2. People spent cryptos of around $41 billion on NFTs in 2021
According to Chainalysis reports, individuals spent around $41 billion worth of cryptocurrencies on the NFT marketplace in 2021.
It’s a massive jump from the year 2020’s sales, and the trend will continue to grow in the upcoming time.
During the COVID-19 pandemic, the NFT marketplace took an exponential pace, and it’s very close to surpassing the conventional art pieces auction.
3. The most expensive NFT is worth more than $91.8 million.
According to Artnet reports, Pak’s “The Merge” is the most expensive NFT art sold till now. The Merge is a 3D-animated short video that shows two avatars in a digital world.
It was sold to an anonymous buyer for around $92 million in February 2021. By looking at this number, it’s evident that NFTs are the future of the art industry, and there is no turning back.
4. NFT trading surged by 704% between Q2 2021 and Q3 2021.
According to CNBC, the NFT trading surged by 704% in the third quarter of 2021 compared to the second quarter.
The total value of all NFTs traded in Q3 was $2.3 billion, a significant increase from $290 million in Q2. The surge in trading can be attributed to the increasing awareness about NFTs and their potential.
5. Popular NFTs, Cryptopunks account for 5 of the 20 most significant NFT sales
Cryptopunks account for 5 of the 20 most significant NFT sales. Cryptopunks is one of the most popular NFTs and was sold for $17.5 million in February 2021.
The sale includes the 9th, 10th, 11th, 13th, and 14th most expensive NFT sales.
6. The first-ever NFT emerged in 2014
The first NFT was created by Kevin McCoy. As per the reports, McCoy minted Quantum, which got sold for a whopping $1.4 million at a Sotheby auction in November 2021.
The NFT was created after five years of the inception of Bitcoin. Since then, many tech enthusiasts had shown interest before NFTs become super popular.
7. Around 50% of all the NFTs are valued below $200
According to the reports of Artnet, around 50% of all the NFTs are valued below $200. The information is based on the data from Codex, which is an NFT marketplace.
The report further states that the NFTs with a value of more than $1 million accounts for only 0.14% of the total NFTs. However, with the growing popularity, the prices are also increasing.
8. The average NFT prices vary by as much as 6X on different platforms.
According to Tealfeed reports, the average NFT prices vary by 6X on different platforms. The information is based on the data from 48 different NFT marketplaces.
The variation in prices is due to the difference in how these marketplaces operate. For example, some marketplaces have a fixed price for all the NFTs, while some let the buyers and sellers negotiate.
9. The popular Nyan Cat GIF was sold for a whopping $590,000 worth of cryptocurrency in 2021.
The popular Nyan Cat GIF was sold for a whopping $590,000 worth of cryptocurrency in 2021.
The GIF was sold to an anonymous buyer on the Foundation platform. The Nyan Cat GIF is one of the most expensive NFTs ever sold.
10. Around 23% of the US millennials actively collect NFTs.
According to Morning Consult, around 23% of US millennials actively collect NFTs. The number is expected to grow in the upcoming time as awareness about NFTs is increasing.
Moreover, the number of platforms that offer NFTs is also growing, making it easier for people to buy and sell them. Also, 42% of global millennials collect NFTs.
11. Men are 3X more likely to buy NFTs than women.
According to Morning Consult, men are 3X more likely to buy NFTs than women. The survey was conducted on 2,201 adults in the United States.
The survey further states that around 12% of men are interested in buying NFTs compared to only 4% of women. Moreover, NFTs are bought mainly by people aged 18-34.
12. Asia hosts the top five countries with the highest NFT adoption.
According to the Finder report, Asia hosts the top five countries with the highest NFT adoption. The countries are Thailand (27%), followed by Malaysia (24%), the UAE (23%), and Vietnam (17%).
The report is based on data from Google Trends. NFTs are gaining popularity in Asia at a rapid pace.
13. Nigeria is expected to have the most significant growth of 21.6% in NFT adoption.
According to reports by Finder, Nigeria is expected to have the biggest growth of 21.6% in NFT adoption. The report is based on data from Google Trends.
NFTs are gaining popularity in Africa at a rapid pace. NFT adaptation rates for other counties are Peru (14.5%), Venezuela (13.5%), and Colombia (11.9%).
14. People earning less than $25,000 in a year invest at a similar rate in NFT as those who are making over $150,000
According to the reports of CivicScience, people earning less than $25,000 in a year invest at a similar rate in NFTs as those who are making over $150,000. The report is based on 1,872 adults in the United States.
15. California buys the highest NFTs than any other Us state.
According to reports by Wealth Quint, California buys the highest NFTs than any other US state. San Francisco and Los Angeles cities are on the top of the list of places buying NFTs.
These cities are followed by San Jose, San Diego, and Austin in Texas. However, with the growing popularity, several people from different states actively invest in NFTs.
16. Women own more NFTs than men in Thailand.
According to the reports from Finder, women own more NFTs than men in Thailand. The information is based on data from Google Trends. Compared to just 23% of men, 30% of women in the country own NFTs.
Moreover, around 11% of women own NFTs compared to 10% of men in Venezuela.
17. More than 70% of Americans are still unaware of what NFTs are
As per the reports of the Finder, more than 70% of Americans are still unaware of what NFTs are. The information is based on the data from 2,068 adults in the United States.
NFTs are gaining popularity rapidly, but there is still a long way to go. The numbers are even higher in Germany and Japan, where 82.6% and 90% of the adult population haven’t heard of them.
18. ETH’s power consumption is equal to the consumption of Hungary and Qatar
According to the reports by CBS, ETH’s power consumption is equal to the consumption of Hungary and Qatar.
The information is based on the data from Ethereum Energy Consumption Index. ETH’s power consumption has increased by 400% in the last six months.
19. ETH 2.0 can reduce the energy usage by around 99%
According to the official Ethereum platform, ETH 2.0 can reduce energy usage by around 99%. ETH 2.0 is a significant upgrade to the Ethereum network designed to improve efficiency and scalability. The new version is expected to be completed in 2022.
20. An average NFT produces the same carbon footprint created by an EU citizen for more than a month of electricity usage.
According to CBS reports, an average NFT produces the same carbon footprint created by an EU citizen for more than a month of electricity usage. The report is based on the data from Digiconomist.
NFTs are gaining popularity rapidly, but their environmental impact is also a cause for concern.
21. The carbon footprint of an average NFT is possible to reduce by using a physical delivery system backed by proof-of-stake
According to the reports of Quartz, the carbon footprint of an average NFT is possible to reduce by using a physical delivery system backed by proof-of-stake.
The information is based on the data from the University of Edinburgh. NFTs are becoming popular, but their environmental impact is a significant concern.
22. Polygon, Symbol, and Tezos emit less than 1% of the CO2 generated by ETH.
According to Digiconomist, Polygon, Symbol, and Tezos emit less than 1% of the CO2 generated by ETH. In addition, the NFT industry statistics show that the token was using an estimated 103.17 TWh per year at the end of 2021.
23. The NFT of LeBron James was sold for more than $21.6 million.
According to the reports of NFT street, the NFT of LeBron James was sold for more than $21.6 million. The NFT was sold on the NBA Top Shot platform.
The buyer is an anonymous user from China. LeBron James is the first athlete to have an NFT sold for more than $20 million.
24. Jack Dorsey’s first tweet in NFT attracted $2.9 million.
According to Business Insider, Twitter founder Jack Dorsey’s tweet was sold as an NFT for $2.9 million. The tweet was sold on the Valuables platform. The buyer is an anonymous user from Malaysia. It is the most expensive tweet ever sold in the form of NFT.
25. Eminem sold his first NFT for around $1.78 million.
According to the reports of Tone Deaf, Eminem sold his first NFT for around $1.78 million. The buyer is an anonymous user from the United States.
It is the most expensive NFT ever sold by a music artist. Additionally, the NFT was related to Eminem’s childhood.
26. Elon Musk’s ex-girlfriend, Grimes, reportedly sold thousands of NFTs for more than $7 million.
According to Business Insider, Grimes sold thousands of NFTs for more than $7 million. The buyers are anonymous users from all over the world. Grimes is one of the most famous musicians and singers from Canada.
27. NFT artwork, Human One, was for around $48.9 million at an auction
According to Forbes, the NFT artwork, Human One, was for around $48.9 million at an auction. It was sold at a live Christie’s auction in Switzerland.
28. The number of NFTs sold crossed 6.7 million in a single month in 2022.
Around 6.7 million NFTs were sold in December 2022. The number was 4.8 million in November and 6.1 million in October.
29. NFT sales exceeded $250 million on Nifty Gateway in 2021
According to Statista, NFT sales exceeded $250 million on Nifty Gateway in 2021. The data is based on the sales from January to March 2021. Nifty Gateway is one of the leading platforms for buying and selling NFTs.
30. The most expensive NFT meme was sold for around $4 million.
According to Mashable, the Doge meme owner sold a meme for a record-breaking $4 million. The previous record-holder NFT was Disaster Girl, which sold for $570,000.
31. Around 250,000 people trade NFT monthly on OpenSea.
According to the reports of CNET, OpenSea is the most popular platform for trading NFTs, and more than 250,000 active users trade NFTs every month.
