NFT

NFT כייפּ עווידענטלי טויט ווי טעגלעך פארקויפונג אין יוני 2022 טונקען צו איין יאָר לאָוז

07/02/2022
ביטקאָין עטהערעום נייַעס

ניט-פונגיבלע טאָקענס (NFT) took center stage in the year 2021 as artists, influencers, A-list celebrities and the sports industry finally came across a fan engagement tool that empowered the general public to cash in on their success. However, the hype around NFT did not manage to stand its ground as sales plummeted to one-year lows amid the ruthless bear market of 2022.

The NFT boom, which started in early 2021, upheld its glory until May 2022 — supported by a healthy and bullish crypto ecosystem and positive investor sentiment. However, Bitcoin’s (בטק) struggle to hold on to its all-time high prices had an adverse impact across the crypto ecosystem.

Number of daily NFT sales between June 2021 – June 2022. Source: NonFungible

The NFT ecosystem recorded its worst performance of the year in June 2022 as the total number of daily sales fell down to roughly 19,000 with an estimated value of $13.8 million — a number which was recorded back in June 2021. 

בילד

Last year, however, daily NFT sales of a similar amount were considered impressive as the nascent ecosystem saw mainstream implementations across various use cases.

NFT market capitalization and trading volume. Source: NFTGo

ווי עווידאַנסט דורך דאַטע from nonfungible.com, the NFT ecosystem witnessed its highest number of daily sales of 224,768 NFTs on Sept. 24, 2021, worth $78.3 million. However, the biggest sale in terms of dollar value took place on May 1, 2022, when 118,577 NFTs were sold in a day for $780.4 million.

Some of the key factors negatively impacting the hype around NFTs are falling Ether (עטה) prices, a lack of secondary market demand and unrealistic gas fees. As a result, over the last three months, the NFT market capitalization suffered a drop of nearly 40% while losing over 66% of its trading volume, as shown by דאַטע from NFTGo.

פֿאַרבונדענע: NFTs צו דערשייַנען אויף פאַסעבאָאָק, קרייַז-פּאָסט מיט ינסטאַגראַם ווי די Meta Web3 יקספּאַנשאַן האלט

Amid the bear market, crypto entrepreneurs, including טשאַנגפּענג “קז” דזשאַו, זענען העלפּינג governments explore NFT use cases in ID-ing citizens. Social media giant Meta’s Facebook, too, recently announced plans to support NFTs for creators.

A Meta spokesperson revealed that the rollout of NFTs on Facebook would be gradual, beginning with select creators in the United States.