{"id":5371,"date":"2023-02-19T17:36:38","date_gmt":"2023-02-19T17:36:38","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=5371"},"modified":"2023-02-19T17:36:38","modified_gmt":"2023-02-19T17:36:38","slug":"global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/","title":{"rendered":"Global NFT Art Sales Slumped 86% YoY to $20.8M in February"},"content":{"rendered":"<p>The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels.<\/p>\n<p>According to data presented by <a href=\"https:\/\/www.bitcoincasinos.com\/\">BitcoinCasinos.com<\/a>, global NFT art sales value slumped by 86% year-over-year to $20.8 million in February.<\/p>\n<h3><strong>Average Sales Value of NFT Art Halved<\/strong><\/h3>\n<p>The art world witnessed a digital culture shift when non-fungible token sales surged in early 2021. NFTs ensured secondary sales royalties, an opportunity for recurring income that has historically avoided art makers. In a matter of months, global NFT art sales exploded, with some pieces getting mind-blowing price tags.<\/p>\n<p>However, much has changed since the peak of NFT art trading two years ago, with sales value and a total number of sales witnessing a double-digit drop.<\/p>\n<p><script id=\"infogram_0_c8907ac1-b67d-4257-a4d1-5409cf13e16a\" title=\"NFT sales in the art segment\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?0Kq\" type=\"text\/javascript\"><\/script><\/p>\n<p>The monthly NFT sales value in the art segment hit $153.9 million in February last year, according to the NonFungible data. A month later, this figure slumped to $46 million. After a short recovery in April and May, the entire market slowed significantly in the following months, with the sales value falling to just over $26 million in September.<\/p>\n<p>Statistics show December and January witnessed the lowest NFT art sales value of around $18.5 million, or one-eighth of the value seen in February 2022. As of February 15, the total sales value recorded on the Ethereum, Ronin, and Flow blockchains over 30 days was around $21 million, revealing a massive 86% drop year-over-year.<\/p>\n<p>The NonFungible data show the average sales value in the NFT art segment halved year-over-year, falling from $3,538 to $1,678.5 last week. Statistics show the total number of sales dipped by 71% year-over-year to 12,500. Primary sales dropped by 74% to 5,600 in this period, while secondary sales increased by 15% YoY to nearly 6,900.<\/p>\n<h3><strong>The Number of Active Wallets in the NFT Art Segment Down by 73%<\/strong><\/h3>\n<p>Besides a considerable drop in total sales value, the NFT art market has also witnessed a downturn in the number of active wallets. Last week, the NFT art segment counted around 8,600 active wallets, 73% less than the same month a year ago.<\/p>\n<p>The number of unique buyers also plunged, falling from more than 25,000 a year ago to 5,139 on February 15. At the same time, the number of unique sellers dropped by 63% YoY to around 4,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels. According to data presented by BitcoinCasinos.com, global NFT art sales value slumped by 86% year-over-year to $20.8 million &hellip; <\/p>\n","protected":false},"author":69,"featured_media":5373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[533],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos<\/title>\n<meta name=\"description\" content=\"The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels. According to data presented by BitcoinCasinos.com, global NFT art sales value slumped by 86% year-over-year to $20.8 million &hellip;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos\" \/>\n<meta property=\"og:description\" content=\"The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels. According to data presented by BitcoinCasinos.com, global NFT art sales value slumped by 86% year-over-year to $20.8 million &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/\" \/>\n<meta property=\"og:site_name\" content=\"Bitcoin Casinos\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-19T17:36:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/02\/NFT_art_cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jastra Kranjec\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jastra Kranjec\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[[],{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/\",\"url\":\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/\",\"name\":\"Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos\",\"isPartOf\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#website\"},\"datePublished\":\"2023-02-19T17:36:38+00:00\",\"dateModified\":\"2023-02-19T17:36:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.bitcoincasinos.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global NFT Art Sales Slumped 86% YoY to $20.8M in February\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#website\",\"url\":\"https:\/\/www.bitcoincasinos.com\/\",\"name\":\"Bitcoin Casinos\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bitcoincasinos.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#organization\",\"name\":\"Bitcoin Casinos\",\"url\":\"https:\/\/www.bitcoincasinos.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg\",\"contentUrl\":\"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg\",\"width\":201,\"height\":38,\"caption\":\"Bitcoin Casinos\"},\"image\":{\"@id\":\"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/\"}},[]]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos","description":"The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels. According to data presented by BitcoinCasinos.com, global NFT art sales value slumped by 86% year-over-year to $20.8 million &hellip;","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/","og_locale":"en_US","og_type":"article","og_title":"Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos","og_description":"The crypto winter has definitely cooled collectors&#8217; appetite for digital artwork. The once booming NFT art market is down by nearly every trackable metric, with the number of sales and sales value deep below last year&#8217;s levels. According to data presented by BitcoinCasinos.com, global NFT art sales value slumped by 86% year-over-year to $20.8 million &hellip;","og_url":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/","og_site_name":"Bitcoin Casinos","article_published_time":"2023-02-19T17:36:38+00:00","og_image":[{"width":1050,"height":700,"url":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/02\/NFT_art_cover.jpg","type":"image\/jpeg"}],"author":"Jastra Kranjec","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jastra Kranjec","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[[],{"@type":"WebPage","@id":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/","url":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/","name":"Global NFT Art Sales Slumped 86% YoY to $20.8M in February - Bitcoin Casinos","isPartOf":{"@id":"https:\/\/www.bitcoincasinos.com\/#website"},"datePublished":"2023-02-19T17:36:38+00:00","dateModified":"2023-02-19T17:36:38+00:00","breadcrumb":{"@id":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/02\/19\/global-nft-art-sales-slumped-86-yoy-to-20-8m-in-february\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.bitcoincasinos.com\/"},{"@type":"ListItem","position":2,"name":"Global NFT Art Sales Slumped 86% YoY to $20.8M in February"}]},{"@type":"WebSite","@id":"https:\/\/www.bitcoincasinos.com\/#website","url":"https:\/\/www.bitcoincasinos.com\/","name":"Bitcoin Casinos","description":"","publisher":{"@id":"https:\/\/www.bitcoincasinos.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bitcoincasinos.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bitcoincasinos.com\/#organization","name":"Bitcoin Casinos","url":"https:\/\/www.bitcoincasinos.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg","contentUrl":"https:\/\/www.bitcoincasinos.com\/wp-content\/uploads\/2023\/01\/bitcoincasinos-logo-orange.svg","width":201,"height":38,"caption":"Bitcoin Casinos"},"image":{"@id":"https:\/\/www.bitcoincasinos.com\/#\/schema\/logo\/image\/"}},[]]}},"_links":{"self":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/5371"}],"collection":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/comments?post=5371"}],"version-history":[{"count":2,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/5371\/revisions"}],"predecessor-version":[{"id":5381,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/posts\/5371\/revisions\/5381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/media\/5373"}],"wp:attachment":[{"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/media?parent=5371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/categories?post=5371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitcoincasinos.com\/wp-json\/wp\/v2\/tags?post=5371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}