The Definitive NFT Statistics Report (2024)

The cryptocurrency world has grabbed the world’s attention. But not everyone understands NFTs and their potential. Some non-fungible tokens may be a good investment opportunity like in the early days of Bitcoin and other cryptocurrencies. Although crypto has been a focus recently, this interest in the blockchain has also benefited NFTs.

You may be wondering what the link is between cryptocurrency and NFTs. Crypto trading platforms in Canada usually support NFT trading with many investors interested in both and many NFTs being purchased with cryptocurrency.

What is an NFT?

NFT stands for non-fungible token. These tokens are proof of ownership. The ownership is recorded in the blockchain just like Bitcoin and other popular cryptocurrencies.

Fungible means that you may trade an item for a similar item. For example, you can trade one Bitcoin for another Bitcoin or one dollar for another dollar. They are exactly the same. This makes them fungible. Non-fungible tokens, on the other hand, cannot be traded for one another because each one is unique. They first need to be traded for a commonly accepted currency. This is often US Dollars or cryptocurrency.

An NFT is digital proof that you own a digit asset like NFT art, NFT music or NFT games.

Key numbers: NFT in the world

Here are the facts and figures about NFTs in 2022

The 10 most popular NFT art collections

Are you wondering what are the ten most popular NFT art collections? Look no further. They have been ranked based on a combination of the number of times the piece has been sold and its total sales value. It has not been listed based on the highest sales price.

RankingNFT Name and RankNumber of salesTotal Sale Value
1
Bored Ape Yacht Club497$2,584,902,156
2
CryptoPunks48$2,108,772,176
3
Art Blocks1,308$1,404,437,687
4
The Sandbox 851$442,736,029
5
VeeFriends147$188,392,285
6
Doodles159$290,211,109
7
Cool Cats132$268,693,111
8
Decentraland504$200,532,647
9
CyberKongz216$280,458,133
10
SuperRare81$242,437,417
Top 10 most popular NFTs collections

The top 5 most expensive NFTs in the world

These are not just NFT prices in Canada but the highest prices paid worldwide. You will see by the prices that NFTs are definitely in demand. Price always shows the interest of investors and how they are feeling about the future of the market.

Below are the 5 most expensive NFTs in the world.

The 5 most popular NFT games in the world

The allure of NFT games is that you can earn money while you play. These NFT games are not the only games, but they are the most popular ones to play. You can play NFT games in Canada.

The top 5 most traded NFT games according to CoinMarketCap are:

Bored Ape Yacht Club

Average Trading Volume per day (24 hours): $254,091.52

CryptoPunks

Average Trading Volume per day (24 hours): $88,846.08

Cyberkongz

Average Trading Volume per day (24 hours): $69,632

Mutant Ape Yacht Club

Average Trading Volume per day (24 hours): $50,570.24

Moonbirds

Average Trading Volume per day (24 hours): $49,068.80

Buy Ethereum and Solana on the best crypto platforms to get access to NFTs

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The 5 best NFT memes ever

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  1. One funny meme that seems to be appreciated across the board is the “Charlie Bit My Finger” NFT Meme.
  2. Similarly “Disaster Girl” has generated a lot of interest.
  3. “Success Kid” grabbed attention after appearing on a meme site before taking off.
  4. “Bad Luck Brian” was a similar accidental find, in that Kyle Craven’s yearbook photo was used as a meme that is now worth over $30,000.
  5. “Leave Britney Alone” was one of the first viral videos. It received 2 million views in 24 hours.

12 Interesting NFT Prices That You Should Know

Here are some popular NFTs and their prices that are worth knowing

$429,000 The Bored Ape NFT is listed on the OpenSea marketplace and hit a high of $429,000. The Ethereum price was 132 ETH.

$185,000 There are some celebrities who have entered the NFT market. Melania Trump bought her own NFT with a winning bid of $185,000.

$30,000 Another celebrity-NFT involvement was when Canadian Rapper Tory Lanez sold Album-NFTs for $1. They traded later at about $30,000. Tory Lanez has endorsed NFTs.

$170,000 Lil Baby endorsed the NFT and crypto world by purchasing a Bored Ape. It has recently traded at 37.99 Ethereum. This is more than $170,000.

$430,000 Another star who bought an NFT was Tom Brady. He purchased a Bored Ape Yacht Club NFT for $430,000.

$760,999 Although he is not a conventional celebrity Charlie is worth mentioning. You may have seen the viral video of baby Charlie who bit his brother Harry’s finger. This has been developed into an NFT. Its most recent sale value was $760,999.

$139,000 Remember that prices of NFTs can change quickly. For example, Cryptopunk sold for $1.03 in October 2021. It is now trading at around $139,000.

$4,300 Some NFTs have multiple tokens available. The Spider-Man NFT has tokens that range from $40 to $400. Their resale value has fluctuated around $4,300.

$72,000 This is slower growth in comparison with The Monkey NFT. It sold initially for $1,000 and is now trading just below $72,000.

$22,000 However, there are some NFTs that do not grow in value immediately. There was a lot of excitement about The Invisible Friends NFT. This collection of 5,000 invisible animated characters started at $29,000 and is currently trading near $22,000.

$1,808 Lazy Lion is another collection of artworks. This NFT trades currently at $1,808.

$0.000000003991 One of the stranger NFTs that exists is the Shiba NFT. This NFT trades at $0.000000003991 currently. There are 3,956 tokens currently on the market.

What does NFT stand for?

NFT means non-fungible token. There are also non-fungible coins.

How do you make an NFT?

It is easy to create your own NFTs. Here is how.

Steps for making an NFT:

How to make NFT art?

How to buy NFT?

If you would like to buy an NFT in Canada you will need a wallet. After this, choose a marketplace and open an account there. You will need to connect your wallet to your chosen marketplace.

Research and select the NFT that you like. It is important to note that most traders will trade in Ethereum. Remember that the most popular place for creating an NFT is through Ethereum’s blockchain.

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How to sell NFT?

It is a similar process for selling and buying NFTs.

  1. To sell NFTs you will need to connect your wallet to a marketplace.
  2. The difference between buying and selling an NFT is that you will need to set the price. You can do this by considering the historical sales price, rarity, ease of trade and credibility of the creator.
  3. The next step is to create a listing. This is done differently based on the layout of each trading platform.
  4. Lastly, you will need to agree to sell once the buyer has been connected with you.

Our methodology

The data provided in this study is valid on the day of its publication and is subject to rapid change. All our studies are based on reliable information obtained from public and private organizations. For more information on our editorial guidelines, please click here.

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