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Nearly $23.7B worth of NFTs minted in 2022 as CoinEdition wash trade scams surge

Nearly $23.7 billion worth of NFTs have been minted in 2022 as wash trading scams increase

  • Nansen tweeted that a total of $23.7 billion worth of NFTs were minted.
  • The crypto analytics firm claimed weekly volume of NFTs reached $1.6 billion.
  • LooksRare saw the highest number of wash trade scams in January and February.

Nansen, a crypto analytics firm, tweeted that a total of $23.7 billion worth of NFTs would be minted and traded in 2022. Additionally, the crypto analytics firm claimed that the weekly volume of NFTs had reached $1.6 billion in early May, when NFTs were the most minted.

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

— Nansen (@nansen_ai)

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

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