Nansen: About $2.7 Billion in Ethereum Was Used to Mint NFTs in the First Half of the Year

In a published analysis report on NFT minting in the first half of 2022, Nansen said that market participants spent 963,227 ETH 0.90%-news/">ETH (about $2.7 billion) on the Ethereum blockchain to mint NFTs, of which 50.7 % of ETH raised funds continued to remain in NFT projects, and 45.7% of ETH raised funds were transferred to non-physical wallets.

The 5 top NFT series raised 81,364 ETH through open minting, accounting for 8.4% of the total ETH spent on NFT minting in the first half of the year.

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Nansen: About $2.7 Billion in Ethereum Was Used to Mint NFTs in the First Half of the Year

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