Research Report: Over 80% of NFT Market in 2021 to Begin with Sales

According to Chainalysis data, over 80% of the NFT market in 2021 will be worth less than $ 10,000, which Chainalysis divided into “sales numbers” in a recent study.

The report, titled "NFT Research Market for 2021," was released on Monday by blockchain analytics firm Chainalysis, showing that NFT markets have varied throughout 2021. Sample data is January channel data until October 2021.

Although retailers account for over 80% of the NFT market today in 2021, the product class share will drop from 6% in March to 19% on October 31, indicating that integration has also increased a year more late. . .

The report adds that the national economy represented less than 1% of the total economy, but represented 26% of the real economy at that time.

A combined sale is worth less than US $ 10,000, while a combined sale is worth between US $ 10,000 and US $ 100,000. Surveys show that a business at a college is worth over $ 100,000.

The chart below shows key market activity from January to October of this year. In September, the stock market started to rise again.

The market segment is primarily retail, but in March, manufacturers and organizations made up the bulk of the US dollar denominated NFT market. Retailers represented 63% and businesses 26%, representing only 11% of retail customers at the time of the survey.

The researchers compared the NFT market to the crypto industry as a whole, where retailers make up a smaller percentage of the total market.

"The data shows that the proportion of retailers in the NFT market is higher compared to the traditional cryptocurrency market. The selling point of any company in the cryptocurrency industry is incredible."

NFT revenue is expected to reach $ 17.7 billion by 2021, according to a report by Cointelegraph Research by 2021, prove it.

Just last week, NFT's revenue hit $ 300 million, nearly a third of which came from the sale of metauniverse campaigns in the sandbox.

Additionally, according to data from Chainalysis, at least $ 26.9 billion worth of cryptocurrency has been shipped to ERC-721 and ERC-1155 (industry leader's Ethereum NFT model) commitments by 2021.

Despite the significant spending on NFT, the report states that "only 28.5% of NFTs were purchased during Mint and subsequent platform sales benefited."

Chainalysis recommends creating a free listing to increase your chances of getting money on newly created NFTs. In the promotion of OpenSea coins, registered free users won 75.7% of the time, while free users only accounted for 20.8%.

"The data shows that it is almost impossible to get too many returns from NFTs purchased at the time of certification without a free registration."

However, NFTs purchased through the middle market "will bring results in 65.1% of patients," the report adds. This shows that if the free listing is not accessible, it is better to wait for the NFT series to enter the secondary market. Participation in coinage work. .