Majority of NFT Collections Reinvest Ethereum Back Into System – Nansen

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Majority of NFT Collections Reinvest Ethereum Back Into System – Nansen

   Ethereum Investing NFT NFT News Non-Fungible Tokens Wallet    August 2, 2022  |  0

In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain data and analytics platform Nansen.
At the same time, the volume of the raised ETH circulating to non-entity wallets decreased from the 52.3% reported 11 months ago to 45.7%. …
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