Cryptocurrency 34 minutes ago (Dec 26, 2022 11:30AM ET)

Almost $23.7B NFTs Minted in 2022, While Wash Trading Scams Rise Almost $23.7B NFTs Minted in 2022, While Wash Trading Scams Rise

  • Nansen tweeted that a total of $23.7B worth of NFTs were minted.
  • The crypto analytics company claimed the weekly volume of NFTs reached $1.6B.
  • LooksRare had the most wash trading scams observed in January and February.

Nansen, a crypto analytic company, tweeted that a total of $23.7 billion worth of NFTs were minted and traded on in 2022. Moreover, the crypto analytics company claimed that the weekly volume of NFTs had reached $1.6 billion in early May, which was when NFTs were minted the most.

In 2022, a total of $23.7 billion worth of NFTs were minted and traded on EthereumWeekly volume reached $1.6 billion in early May after Yuga Labs launched Otherdeed for Otherside pic.twitter.com/5GQZEgKhvX

— Nansen (@nansen_ai)

The post Almost $23.7B NFTs Minted in 2022, While Wash Trading Scams Rise appeared first on Coin Edition.

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