December NFT Highlights: Robust Growth and Key Shifts Shape Year-End Trends
Tags: blockchain
Published: 2024-01-04 03:26:51

<span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Author: </span><a href="https://www.linkedin.com/in/stellalhr/"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">stella@footprint.network</span></a>
<span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Data Source: </span><a href="http://s.footprint.network/kw5K"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Research</span></a>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December saw a notable surge in the crypto and NFT realms, with Bitcoin and Ethereum experiencing significant upward trends, signaling a rejuvenated market. The NFT sector, in particular, demonstrated its vitality with soaring trading volumes and an increase in unique user (wallet) counts, indicative of an evolving and maturing landscape.</span>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">This report is based on data sourced from Footprint Analytics' </span><a href="http://s.footprint.network/kw5K"><span style="font-size:12pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT research page</span></a><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">, a comprehensive and user-friendly dashboard. It offers up-to-date statistics and metrics essential for grasping the pulse of the NFT industry, encompassing trades, projects, funding, and more.</span>

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<h2><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Key Points</span></h2><h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Crypto Macro Overview</span></h3><ul><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December was a month of resilience for Bitcoin, commencing at $37,729 and climbing 11.8% to conclude at $42,171.</span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> </span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">This optimism, coupled with the anticipated US Federal Reserve rate cuts, reinforced investor confidence, positively impacting the cryptocurrency sector.</span></li></ul>

<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Market Overview</span></h3><ul><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December stood out as a remarkable month, marked by a significant 32.3% surge in trading volume to $852.2 million.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The market cap of NFTs also displayed resilience, starting at $5.24 billion and growing 6.5% to close at $5.58 billion.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The Blue Chip Index saw a modest rise of 4.6%.</span></li></ul>


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<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Chains & Marketplaces for NFTs</span></h3><ul><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">In December, diverse trends in blockchain network engagement were observed: Ethereum's user base grew by 10.9%, Polygon's increased by 19.2%, BNB Chain saw a 41.8% rise, and Sui's users doubled. </span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The 2023 NFT market volume totaled $13.12 billion, marking a decrease from the previous year's high. Ethereum's market dominance slightly receded to 97.8%, down from 2022’s 99.8%, indicating a gradual diversification in the market.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">In 2023, the yearly volume performance of key NFT marketplaces showed notable shifts from the previous year. Blur achieved a remarkable yearly volume of $7.26 billion, a leap from $646.03 million in 2022. </span></li></ul>

<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Investment & Funding   </span></h3><ul><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December was a bustling month in the NFT market, marked by five funding rounds that cumulatively raised $159.88 million.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">LINE NEXT raises </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">$140</span><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> million to expand the Web3 ecosystem.</span></li></ul>

<h2><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">What’s New? </span></h2><ul><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Ubisoft introduces “Warlord NFTs” ahead of its highly anticipated release of “Champions Tactics: Grimoria Chronicles” set for 2024.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Forbes Web 3.0 launches NFT collective wallet.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Animoca Brands raises an additional US$11.88 million in the second tranche of funding for Mocaverse.</span></li><li><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Magic Eden integrates the NFT marketplace into the blockchain strategy game Honeyland.</span></li></ul>


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<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Crypto Macro Overview</span></h3>
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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December was a month of resilience for Bitcoin, commencing at $37,729 and climbing 11.8% to conclude at $42,171. Ethereum mirrored this ascent, opening at $2,052 and escalating 11.7% to end at $2,293.</span>

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<img src="https://statichk.footprint.network/article/82b5e46f-6e36-406d-acd7-274775250fec.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Mw68"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">BTC Price & ETH Price</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The month also witnessed a bullish sentiment in global stock markets, spanning the US, India, Japan, France, and Germany. This optimism and the anticipated US Federal Reserve rate cuts reinforced investor confidence, positively impacting the cryptocurrency sector. Furthermore, the expected approval of a spot Bitcoin ETF in the US and Hong Kong's readiness for spot crypto ETF applications contributed to this upbeat mood. These developments signify an increasing alignment between traditional financial markets and the crypto ecosystem.</span>

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<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Market Overview </span></h3>
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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December stood out as a remarkable month, marked by a significant 32.3% surge in trading volume to $852.2 million. The number of transactions ascended by 29.4% to 1,384,729, while unique user wallets saw a 21.4% increase, reaching 297,432.</span>

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<img src="https://statichk.footprint.network/article/d22a10a7-652f-4f5d-8f8d-1e7b0f149cd3.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/EeqV"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Market Overview</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The market cap of NFTs also displayed resilience, starting at $5.24 billion and growing 6.5% to close at $5.58 billion.</span>

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<img src="https://statichk.footprint.network/article/48b6bfd1-0584-40ab-9bec-7d6c17cc8852.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Eews"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Market Cap & Volume</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The buyer-to-seller ratio in the NFT market reached a notable 102.1%, a 1.45% increase from November, with 180,232 buyers (up 22.7%) and 176,607 sellers (a 21.0% increase).</span>

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<img src="https://statichk.footprint.network/article/79850ec5-1d6a-4fcf-a0e1-287814675f6b.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Mee3"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Daily Buyers & Sellers</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The Blue Chip Index, too, saw a modest rise of 4.6%.</span>

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<img src="https://statichk.footprint.network/article/b9253f85-1bbe-42ee-a808-551a608b3b9c.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/fer3"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">BlueChip Index</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Key insights from Footprint Analytics indicated remarkable growth for Pudgy Penguins and Mocaverse in December. </span><a href="https://www.footprint.network/public/research/nft/nft-collections/single-collection?collection_contract_address=0xbd3531da5cf5857e7cfaa92426877b022e612cf8&amp;amp;date-79715=2023-12-01~2023-12-31"><span style="font-size:12pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Pudgy Penguins</span></a><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">’ floor price soared by 64.4%, rising from 6.46 ETH to 10.62 ETH, while </span><a href="https://www.footprint.network/public/research/nft/nft-collections/single-collection?collection_contract_address=0x59325733eb952a92e069c87f0a6168b29e80627f&amp;amp;date-79715=2023-12-01~2023-12-31"><span style="font-size:12pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Mocaverse</span></a><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">'s floor price escalated by 51.6%, from 2.23 ETH to 3.38 ETH. Additionally, </span><a href="https://www.animocabrands.com/animoca-brands-raises-additional-usd11888888-in-second-tranche-of-funding-for-mocaverse"><span style="font-size:12pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Animoca Brands</span></a><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> </span><span style="font-size:12pt;font-family:Arial,sans-serif;color:#1f1f1f;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">raised an additional US$11.88 million for Mocaverse in December, following a US$20 million investment in September 2023.</span>

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<img src="https://statichk.footprint.network/article/3a2a2319-1835-4b35-81a7-e5ee24c21e95.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Wetg"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Market Cap Distribution in December</span></a></em>

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<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Chains & Marketplaces for NFTs</span></h3>
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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December spotlighted Ethereum as the leader in the NFT market with a substantial trading volume of $836.1 million, comprising 98.1% of the total market activities, a notable 31.8% increase from November.</span>

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<img src="https://statichk.footprint.network/article/207f2b58-107f-4e54-bf8a-5df673143600.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/2eyO"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Monthly Volume by Chain</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">The month's data revealed diverse user engagement trends across blockchain networks. Ethereum continued its upward trend, growing its unique user count to 155.74K, a 10.9% increase from November. Polygon's user count rose by 19.2% to 109.65K, recovering from its previous decline. BNB Chain also bounced back, reaching 23.83K users, a 41.8% increase, though still shy of its July peak. Sui doubled its November figure, rising to 18.47K users.</span>

<br>
<img src="https://statichk.footprint.network/article/5bb2489a-4c54-4ff3-9ac0-9f017d37ca15.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Seur"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Monthly Unique User by Chain</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">In a broader view, the 2023 NFT market volume totaled $13.12 billion, marking a decrease from the previous year's high. Ethereum's market dominance slightly receded to 97.8%, down from 2022’s 99.8%, indicating a gradual diversification in the market.</span>

<br>
<img src="https://statichk.footprint.network/article/21193dd0-21d4-4f35-81f0-a87894347b23.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/teib"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Yearly Volume by Chain</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Polygon led the 2023 unique user count with a remarkable 231.0% increase, reaching 1.28 million users. Ethereum saw a 45.2% decrease to 1.19 million users, reflecting a shift in user preferences across chains. BNB Chain’s user base expanded to 0.35 million, a 280.7% jump from 2022.</span>

<br>
<img src="https://statichk.footprint.network/article/948e54ee-08fc-4e57-b902-5b27bb72c53e.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/ieot"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Yearly Unique User by Chain</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December's marketplace dynamics showed significant shifts. Blur's trading volume grew by 45.4% to $620.82 million, while OpenSea’s volume rose 25.2% to $186.97 million. X2Y2, however, experienced a 32.0% decrease in volume.</span>

<br>
<img src="https://statichk.footprint.network/article/19c1b726-6191-4adf-a362-e55ae92468b8.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/sepn"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Monthly Volume by Marketplace - Distribution</span></a></em>

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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Furthermore, OpenSea's unique users increased by 14.02% to 232,702 in December, affirming its leadership. Blur and Element also reported growths in unique users by 18.99% and 18.58%, respectively.</span>

<br>
<img src="https://statichk.footprint.network/article/aba40c54-1639-49a5-8fed-822f92b892a3.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/Qeaz"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Monthly Unique Users by Marketplace</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">In 2023, the yearly volume performance of key NFT marketplaces showed notable shifts from the previous year. Blur achieved a remarkable yearly volume of $7.26 billion, a leap from $646.03 million in 2022. OpenSea, despite a volume drop to $3.31 billion from $20.91 billion, remained influential.</span>

<br>
<img src="https://statichk.footprint.network/article/41819fcc-e3c7-4fb0-a006-3540e9d41ac1.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="http://s.footprint.network/nesH"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Yearly Volume by Marketplace</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">OpenSea's unique user count saw a slight decline, while Blur's user base surged by 189.78% to 291,579, signaling its rapid ascent in the NFT market.</span>

<br>
<img src="https://statichk.footprint.network/article/eb76e7d0-d002-43c6-b181-72620cdceb04.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="https://www.footprint.network/@NFT/NFT-Key-Stats-by-Marketplace?date-79711=2023-12-01~2023-12-31"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Yearly Unique Users by Marketplace</span></a></em>

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<h3><span style="font-size:13.999999999999998pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">NFT Investment & Funding   </span></h3>
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<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">December was a bustling month in the NFT market, marked by five funding rounds that cumulatively raised $159.88 million.</span>

<br>
<img src="https://statichk.footprint.network/article/f2d04031-b6ff-4009-a10d-084c4b4a89b0.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Funding Rounds In December 2023</span></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#1f1f1f;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">LINE NEXT, a subsidiary of LINE focused on NFT development, secured a major $140 million investment led by Crescendo Equity Partners.</span><span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> This stands as the year's largest funding in the Asian blockchain Web3 sector. This capital boost paves the way for LINE NEXT's anticipated launch of its global NFT platform, DOSI, in January 2024.</span>

<br>
<img src="https://statichk.footprint.network/article/80c8d9c0-0a2d-4d75-958d-b436cd666278.png"><em><span style="font-size:9pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Source:</span> <a href="https://citizen.dosi.world/"><span style="font-size:9pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">DOSI Citizen</span></a></em>

<br>
<span style="font-size:12pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">As we bid farewell to 2023, the resilience and dynamic evolution of the NFT market heralds a transformative year ahead in 2024. NFTs are rapidly moving beyond traditional collecting, increasingly serving as a medium to represent customer identities, melding digital with physical realities, and fostering user co-creation. This evolution marks a clear path toward broader mainstream adoption. The expanding diversity in user participation and the emergence of cutting-edge platforms are shaping a richly layered and multifaceted NFT ecosystem, poised for continued innovation and growth.</span>

<span style="font-size:10.5pt;font-family:Arial,sans-serif;color:#1e1e1e;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_</span>

<br>
<span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Data includes: </span><ul><li><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Blockchains: Ethereum, Polygon, BNB Chain, Cronos, Optimism, </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Sui</span></li><li><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Marketplaces: OpenSea, LooksRare, Blur, X2Y2, Cryptopunks, Rarible, SuperRare, Foundation, Decentraland, Aavegotchi, Element, Era7, the Sandbox, Minted, </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Clutchy, BlueMove, Hyperspace, Tocen, </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">and </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Keepsake. </span></li></ul>


<br>
<span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">This piece is contributed by the </span><a href="https://www.footprint.network/"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Footprint Analytics</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> community.</span>

<br>
<span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Footprint Analytics is a blockchain data solutions provider. It leverages cutting-edge AI technology to help analysts, builders, and investors turn blockchain data and combine Web2 data into insights with accessible visualization tools and a powerful multi-chain API across 30+ chains for NFTs, GameFi, and DeFi.</span>

<br>
<span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Product Highlights:</span><ul><li><a href="https://docs.footprint.network/reference/introduction"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Data API</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> for developers.</span></li><li><a href="https://www.footprint.network/fga/game/project/Demo%20Project/project_summary?protocol_slug=the-sandbox"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Footprint Growth Analytics (FGA)</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> for GameFi projects.</span></li><li><a href="https://www.footprint.network/pricing"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Batch download</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> for big-size data fetch.</span></li><li><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">View the data </span><a href="https://www.footprint.network/@Footprint/Footprint-Datasets-Data-Dictionary"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">dictionary</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> to explore all data sets Footprint provides.</span></li><li><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Check our </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">X post </span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">(</span><a href="https://twitter.com/Footprint_Data"><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">Footprint_Data</span></a><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">)</span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span"> fo</span><span style="font-size:11pt;font-family:Arial,sans-serif;color:#1d1c1d;background-color:transparent;font-weight:400;font-style:italic;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;" data-raw-html="span">r more product updates.</span></li></ul>