20+ NFT Stats in 2024: Market Size, Companies, Users, & More

Updated on Jan 3

2 min read

Table of contents

NFT Market Top NFT Sales NFT Companies NFT users Segmentation Frauds and Hacks Further reading

NFT became the word of the year in the Collins dictionary in 2021. NFTs have attracted the interest of various parties from different sectors. Even though the initial hype in the NFT market has blown off, we expect them to stay around due to their use cases in both the virtual and the real worlds.

In this article, we have provided you with different statistics related to NFTs from reputable sources.

NFT Market

Market size and overview

NFT traded volume (excluding wash trades) in 2022 Q1 was $7.87 billion, marking a %4.6 decline compared to 2021 Q4. (Non-Fungible)
The NFT market grew by more than %21,000 in 2021. (Non-Fungible)
NFT dollar sales volume reached more than $17 billion in 2021. (Non-Fungible)
50% of the transactional value is owned by 2% of collectors. (PwC)
OpenSea is the largest NFT marketplace. (DappRadar)
Most NFTs are created on the Ethereum blockchain. (Crypto Slam)
Solana blockchain has become the 2nd most used blockchain for NFT trading. (The block)

Figure 1. NFT Trade volume by chain

Market Segment based on NFT types

NFTs can be segmented based on their function. The most sought-after NFTs are collectibles.

Figure 2. NFT trade volume by segment

NFT segmentation based on type — Source : Non-Fungible

Top NFT Sales

The Merge NFT sold for $91.8 million, making it the most expensive NFT sold. (Barrons)
The Doge meme NFT sold for $4.1 million in November 2021 making it the most expensive meme NFT. (NBC News)
The first real-estate NFT was sold for a house in Ukraine for $93,000. (Propy)

NFT Companies

Funding

NFT companies raised $7.4B in 2022 Q1 from venture capitals. (PitchBook)
Most of the VCs funds in the NFT market have gone to the gaming segment in 2022 Q1. (PitchBook)
14% of all fundraising deals in the crypto area went to the NFT sector. (PwC)

Figure 3. Fund raised by NFT companies in Q1 2022.

NFTs fund raised from VCs — Source: PitchBook

Unicorns

OpenSea, the biggest NFT marketplace, valued at $13.5 billion. (The New York Times)
Sorare, an NFT-based fantasy sports game, valued at $4.3 billion. ( Sifted)
Dapper lab, maker of NBA Top Shot NFTs, valued at $7.6 billion. (CNBC)
Sky Mavis, the creator of the NFT-based digital game Axie Infinity, valued at nearly $3 Billion. (VentureBeat)
Magic Eden, a Solana-based NFT marketplace, valued at $1.6 billion. (Bloomberg)

Company	Latest fundraising date*	Industry	Type of fundraising*	Valuation	HQ location*	Lead Investors*
OpenSea	04/01/2022	NFT Marketplace	Series C	$13.3B	USA	Paradigm & Coatue
Dapper Lab	21/09/2021	Sports NFTs collectibles	Series D	$7.6B	Canada	Coatue
Sorare	20/09/2021	Fantasy sport	Series B	$4.3B	France	Softbank
Sky Mavis	05/10/2021	P2E game	Series B	$3.0B	Singapore	A16z
Magic Eden	21/06/2022	NFT Marketplace	Series B	$1.6B	USA	Greylock & Electric Capital

* Source: Crunchbase

NFT users Segmentation

Geographical breakdown

Search Interest in NFTs based on countries and territories are as follows:( from 0 to 100 scale, 100 is the location with the most popularity as a share of total searches, and 0 means that there was not enough data.)

Country/Region	Dec 2021	Jan 2022	Feb 2022	Mar 2022	Apr 2022	Ma 2022
Hong Kong SAR	56	85	90	96	100	100
Singapore	74	98	100	100	98	94
China	100	1000	82	82	83	83
Taiwan	23	42	54	54	59	61
Philippines	49	59	55	55	56	55
Lebanon	28	41	45	48	51	51
United Arab Emirates	34	42	48	51	51	50
Venezuela	67	62	54	53	52	49
South Korea	46	52	46	47	50	49
Nigeria	28	30	35	38	47	49
Cyprus	40	51	0	49	0	48
Canada	39	59	56	54	51	47
Australia	39	55	51	51	49	45

Source: Statista

Demographic breakdown

Millennials are more likely to collect NFTs compared to other age groups. (Morning Consult)
Men are more likely to collect NFTs compared to women. (Morning Consult)

29% of all adults are interested in investing or holding NFTs. (Morning Consult)

Figure4. Age and gender breakdown of NFT enthusiasts.

Demographic breakdown of NFT collectors — Source: (Morning Consult)

Frauds and Hacks

Frosties NFTs creator pulled a rug pull scam and took $1.1 million from users. (Business Insider)
Hackers stole $1.7 million worth of NFTs from OpenSea users. (Business Insider)

Cem has been the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 60% of Fortune 500 every month.

Cem's work has been cited by leading global publications including Business Insider, Forbes, Washington Post, global firms like Deloitte, HPE, NGOs like World Economic Forum and supranational organizations like European Commission. You can see more reputable companies and media that referenced AIMultiple.

Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised businesses on their enterprise software, automation, cloud, AI / ML and other technology related decisions at McKinsey & Company and Altman Solon for more than a decade. He also published a McKinsey report on digitalization.

He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem's work in Hypatos was covered by leading technology publications like TechCrunch and Business Insider.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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