Thread by @sanchans

1/ The #NFT ecosystem has grown rapidly in 2021! Let's dive into the growth of #NFTs on #Ethereum ecosystem.

9 NFT charts to remember in this 🧵:

2/ Since 2017, there have been ~3mm unique #ETH wallets that have ever owned an #NFT.

3/ 2021 was truly the year of #NFTs. We saw explosive growth amongst #ETH collectors, with nearly ~ 2mm new unique #ETH wallets that interacted with NFTs >1x, in 2021 alone.

4/ Moreover, the #Ethereum based #NFT ecosystem is not just growing, but also vibrant. The number of #ETH based #NFT collectors #HODLing their assets also increased by 7.4x in 2021.

5/ #NFTs on #Ethereum is not just a vibrant ecosystem that has experienced explosive growth, but also a healthy ecosystem - monthly unique transacting wallets increased by 35x in 2021.

6/ The ecosystem also witnessed 160x growth in monthly traded volume of #NFTs on #Ethereum, resulting in cumulative trading volume of $17.7B.

7/ When analyzing the median #NFT sale price in USD across 2017 - 2021 (with the intent of removing the skew from high value NFT sales), the median #NFT sale price has directionally trended upwards. This implies that creators have on average generated more money on their #NFTs.

8/ Additionally, the sheer number of collections on #Ethereum has also grown rapidly from 2020 - 2021, up over 340%.

9/ In 2021, #NFT creators on #ETH consistently earned value from their collections, with quarterly minted volume increasing 8x, resulting in a cumulative total of $3.7B of income.

10/ Creators have also earned $715M in royalties via secondary transactions (note this is based on #NFTs transacted on SuperRare, Zora, and OpenSea, which accounts for 98% of market share today).

11/ Every week, I will share more about the other thriving #NFT ecosystems (Solana, Polygon and others).

A big thanks to @EmperoxEmpiric, Thomas McCalley, @YanYaniv, @tcs__0, @jconorgrogan, and @jaythakrar of team @coinbase.