Monthly NFT Sales Are 80% Lower Than Last Year, Digital Collectibles Interest Plummeted in 2022

Like astir crypto projects this year, non-fungible tokens (NFTs) felt the symptom of 2022’s crypto wintertime arsenic income are down a large woody and blue-chip NFTs person been slashed successful value. For instance, past month, determination was astir $534 cardinal successful NFT income compared to the $2.77 cardinal successful NFT income sold successful Dec. 2021.

The NFT Industry Takes a Hit successful 2022 — Sales and Google Searches Down Significantly

2022 hasn’t been benignant to non-fungible token (NFT) holders, and statistic amusement that involvement successful the taxable has dropped a large woody this year. Google Trends (GT) data shows that the hunt word “NFT” had a people of astir 52 during the week of Dec. 26, 2021 – Jan. 1, 2022. The word besides skyrocketed to the highest people of 100 connected Jan. 16 – Jan. 22, 2022.

Google Trends hunt information for the word “NFT” connected Dec. 25, 2022.

Today, however, for the week of Dec. 18 – Dec. 24, 2022, the hunt word “NFT” has a people of astir 16. There’s been a flimsy rebound successful involvement precocious successful NFTs according to GT data, which started astir Dec. 4, 2022. GT information shows the astir funny portion successful NFTs contiguous is China, followed by Hong Kong, Singapore, Nigeria, and Taiwan.

Google Trends hunt information by involvement by portion connected Dec. 25, 2022.

Statistics besides amusement that NFT income measurement has dropped a large woody since past year. Cryptoslam.io data indicates that determination was $2.77 cardinal successful NFT income sold successful Dec. 2021, and past period lone $534 cardinal successful NFT income were recorded. Metrics saved to archive.org bespeak that during the week of Dec. 27, 2021, $414.84 cardinal successful income were recorded.

The past 7 days of NFT income measurement according to cryptoslam.io and recorded connected Dec. 25, 2022.

Sales during the week of Dec. 27, 2021 were besides down 32.05% little arsenic the erstwhile 7 days saw $610.53 cardinal successful sales. In presumption of NFT income by blockchain astatine the time, Ethereum saw $334.83 cardinal retired of the $414.84 cardinal successful full income that week. The week of Dec. 27, 2021, Ronin had astir $45.65 cardinal successful income and Solana had conscionable implicit $16 cardinal successful income during the 7 time period.

Seven time NFT income via cryptoslam.io according to an archive.org snapshot taken connected Dec. 27, 2021.

The apical 5 projects oregon collections successful presumption of 7 time income during the past week of Dec. 2021, included Mutant Ape Yacht Club (MAYC), Cryptopunks, Axie Infinity, Bored Ape Yacht Club, and The Sandbox. This month, astir a twelvemonth later, NFT income airy successful examination to the purchases made past year. As of Dec. 25, 2022, NFT income dipped by 12.22% this week arsenic $154.02 cardinal successful income were recorded during the past 7 days.

One of the apical income during the week of Dec. 27, 2021, according to cryptoslam.io data. Dappradar stats amusement the Cryptopunk NFT has mislaid a sizeable magnitude of worth since it was purchased for $1.21 million.

Over the trailing 7 days, determination were 295,338 NFT buyers and conscionable implicit 1 cardinal NFT transactions. This week, the apical blockchain successful presumption of NFT income is inactive Ethereum (ETH) and implicit the past 7 days, there’s been $129.23 cardinal successful NFT income that deduce from the ETH chain.

ETH is followed by Solana, Polygon, Immutable X, and Cardano successful presumption of the largest income past week by blockchain. Last year, connected Dec. 27, 2021, an NFT called “Mega” sold for 888 ether which was worthy $3.6 cardinal astatine the time. Furthermore, connected the aforesaid day, Cryptopunk #9137 sold for 310 ether oregon $1.21 cardinal astatine the clip of sale.

Archive.org snapshot from nftpricefloor.com connected Dec. 17, 2021.

Dappradar stats bespeak that Cryptopunk #9137 is present worthy anyplace betwixt 63.95 ether oregon $77,995 (Cryptopunks’ existent floor), oregon 377.24 ether oregon $460K (Dappradar estimates). Last year’s archived data from nftpricefloor.com indicates that the level worth of a Bored Ape Yacht Club (BAYC) NFT was astir 87.5 ether. ETH was besides trading for $4K per portion astatine that time, which means 87.5 ether was astir $350,000 astatine the time.

Nftpricefloor.com stats connected Dec. 25, 2022.

A Cryptopunk could beryllium purchased for 65 ether connected Dec. 19, 2021, and its worth astatine that clip measured successful U.S. dollars was astir $260K. Sales recorded connected Dec. 25, 2022 are a wholly antithetic story, arsenic existent statistics from nftpricefloor.com amusement a BAYC tin beryllium purchased for 69.88, which is worthy astir $85,159 utilizing today’s ether speech rates.

A cryptopunk NFT purchased astatine the existent level worth connected Dec. 25, 2022, volition outgo 63.95 ETH oregon astir $77K successful USD value. GT information besides shows that involvement successful the word “Bored Ape Yacht Club,” has declined a large woody arsenic good since past year. Last year, during the week of Dec. 26, 2021 – Jan. 1, 2022, the hunt word “Bored Ape Yacht Club,” had a people of astir 50, and by the week of Jan. 16 – Jan. 22, 2022, the hunt word deed 100.

Bored Ape Yacht Club (BAYC) involvement according to Google Trends stats recorded connected Dec. 25, 2022.

Today, the BAYC-related hunt word is down to a people of 10, which is simply a sizeable driblet successful wide involvement since past year. Similarly, this week China dominates successful presumption of BAYC involvement and the state is followed by Singapore, Hong Kong, Canada, and Australia. GT information related to different bluish spot NFTs similar Cryptopunks, Mutant Ape Yacht Club, and others person besides seen GT hunt involvement driblet a large deal.

What bash you deliberation astir this year’s NFT income and wide involvement successful integer collectibles sliding a batch little than past year? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io, nftpricefloor.com, BAYC, Cryptopunks,

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