Data: $2.7 Billion on Minting NFTs in the First Half of 2022

According to Nansen data, Market participants spent 963,227 $ETH (about $2.7 billion) on NFT minting on the Ethereum blockchain between 01 January to 30 June 2022. Half of the $ETH raised stayed with the NFT projects (50.7%), while 45.7% of the $ETH raised circulated to non-entity wallets. The volume of $ETH raised circulating to non-entity wallets has decreased from the previously reported 52.3% (11 months ago) to the current 45.7%.