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%. ... Read More: Majority of NFT Collections Reinvest Ethereum Back Into System - Nansen