Blockchain Ethereum ETH FIVE

$2.7b ETH spent on NFT minting- Here’s the detail

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ambcrypto.com

Market participants spent 963,227 ETH (approximately $2.7b) on NFT minting on the Ethereum blockchain during H1 (first half of a calendar year) of 2022.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%.Cumulatively, the top five NFT collections that have raised ETH through minting accumulated 81,364 ETH; an estimated 8.4% of the total ETH raised by all projects in the observed period.Nansen published a report on the money raised by minting NFTs by different NFT projects.

The report confirms that half of the ETH raised stayed with the NFT projects (50.7%).At the same time, the remaining 45.7% of the ETH raised circulated to non-entity wallets.

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