{"id":411600,"date":"2022-03-03T08:39:16","date_gmt":"2022-03-03T05:39:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff\/"},"modified":"2022-03-03T08:39:16","modified_gmt":"2022-03-03T05:39:16","slug":"monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff\/","title":{"rendered":"# Monthly NFT buyers dip below 800K as searches \u2018fall off a cliff\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ed74c4e7cc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ed74c4e7cc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff\/#March_so_far\" >March so far<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Monthly NFT buyers dip below 800K as searches \u2018fall off a cliff\u2019  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. <\/p>\n<p>According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down 12% compared to Jan.) that accounted for roughly $2.6 billion worth of sales (down 40% on the month before). <\/p>\n<p>A caveat to that however, is that January was a massive month for NFTs which may suggest the decreases in February are simply part of a relatively healthy pullback. January saw a record number of unique secondary NFT buyers at 904,13 and OpenSea also posted record sales volume in January totaling around $5 billion before pulling <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/ethereum\/marketplaces\/opensea\">back<\/a> to around $3 billion last month.<\/p>\n<p>Looking at Google Trends, however, it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/trends.google.com\/trends\/explore?q=NFTs\">appears<\/a> that global keyword search volume for \u201cNFTs\u201d has also dropped significantly. Over the past week, interest has dropped roughly 60-70% from the heights of late January (Jan. 23- Jan.29.) <\/p>\n<p>The U.S. represents the most interest globally at the time of writing while Japan currently shows the lowest interest in NFTs out of 61 nations, despite local tech and telecommunications giant Rakuten launching an NFT marketplace late last month.<\/p>\n<p>NFT proponent and managing partner of NFT investment fund Sfermion Andrew Steinwold likened the current pullback to the bull market and subsequent crash of 2017\/2018, as he questioned whether interest will pick back up again anytime soon. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Worldwide NFT search volume fell off a cliff<\/p>\n<p>Reminds me A LOT of the crypto 2017 bull market and subsequent 2018 bear market <\/p>\n<p>How long will the disinterest last until it starts to pick back up? Or will it?  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4iQxcpLuYP\">pic.twitter.com\/4iQxcpLuYP<\/a><\/p>\n<p>\u2014 Andrew Steinwold (@AndrewSteinwold) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AndrewSteinwold\/status\/1499065345935613955?ref_src=twsrc%5Etfw\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nSpecific reasons why <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> interest has waned so dramatically over the past month are unclear, although top platform OpenSea was the victim of a $1.7 million hack in February among other things. <\/p>\n<p>The Russian and Ukrainian conflict may have also shifted the focus to cryptocurrencies,  as global attention <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to have shifted to use cases such as digital payments, fundraising and storing value amid uncertain times.<\/p>\n<p><strong><em>Related: SEC investigating NFT market over potential securities violations: Reports<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"March_so_far\"><\/span>March so far <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>CryptoSlam\u2019s data also shows that 10 out of the top 12 NFT supporting blockchains have also seen a decrease in sales volume over the past 24 hours. The top two, Ethereum and Solana, have posted dips of 4.24% and 11% each, while the biggest losses are Avalanche and Panini with 27.79% and 36.20% respectively.<\/p>\n<p>Third-ranked Flow and sixth-ranked Arbitrum are the only networks to see gains, with 20.89% and a whopping 539%. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/ba4049b4-c369-4028-87f3-7b0d87a419f6.png\"><figcaption style=\"text-align: center;\"><em>Blockchain sales volume: CryptoSlam<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/monthly-nft-buyers-dip-below-800k-as-searches-fall-off-a-cliff\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Monthly NFT buyers dip below 800K as searches \u2018fall off a cliff\u2019 &#8221; The unique number of NFT buyers in February dipped below 800,000 for the first time since October, and search volume for nonfungibles also dropped significantly. According to data from CryptoSlam, there were 796,009 NFT buyers on secondary markets in Feb. (down&#8230;<\/p>\n","protected":false},"author":1,"featured_media":411601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYmM0ZDQ2Y2YtYmVkZC00ZTQ3LWFhMjEtYjU2ZmYyMzIwMDFmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77892,95118,72366,86389],"class_list":["post-411600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-collectibles","tag-nft","tag-data","tag-marketplace"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=411600"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/411601"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=411600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=411600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=411600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}