Who is the largest purchaser of NFTs
Introduction
The world of NFTs has grown exponentially in recent years, with many people recognizing the potential of these unique digital assets. However, as the market continues to grow, it’s important to understand who is driving demand. In this article, we will explore the largest purchasers of NFTs and what that means for the future of the industry.
Who are the Largest Purchasers of NFTs?
According to research by CoinMarketCap, as of May 2021, the top five largest holders of NFTs are:
- OpenSea: With over $6.7 billion in assets under management, OpenSea is currently the largest marketplace for buying and selling NFTs. They offer a wide range of NFT collections from well-known artists, celebrities, and brands.
- Rarible: Rarible is another popular NFT marketplace that has gained significant traction in recent years. As of May 2021, they have over $4.6 billion in assets under management. They offer a variety of NFT collections from artists, collectibles, and more.
- SuperRare: SuperRare is a platform for buying and selling limited edition digital art. They have over $1.8 billion in assets under management as of May 2021. SuperRare offers a range of unique digital art pieces created by artists from around the world.
- Nifty Gateway: Nifty Gateway is an online platform for buying and selling limited edition digital art and collectibles. They have over $1.3 billion in assets under management as of May 2021. Nifty Gateway offers a variety of unique digital art pieces created by popular artists and brands.
- KnownOrigin: KnownOrigin is an online platform for buying and selling limited edition digital art. They have over $875 million in assets under management as of May 2021. KnownOrigin offers a range of unique digital art pieces created by artists from around the world.
Why are These Purchasers Important?
The largest purchasers of NFTs are important because they represent a significant portion of the market. These platforms have been able to attract large user bases and offer a wide range of NFT collections, making it easier for people to discover and purchase digital assets. Additionally, these platforms have been able to establish themselves as trusted sources for buying and selling NFTs, which is important for the future of the industry.
What Does This Mean for NFT Developers?
The growth of the NFT market and the emergence of large purchasers like OpenSea, Rarible, SuperRare, Nifty Gateway, and KnownOrigin have significant implications for NFT developers. These platforms offer a variety of tools and resources that can help NFT developers create and sell their digital assets. Additionally, these platforms have established themselves as trusted sources for buying and selling NFTs, which helps to build trust and credibility within the community.
Case Study: Cryptokitties
Cryptokitties is an example of a successful NFT project that was able to attract a large user base and gain significant traction in the market. Launched in 2017, Cryptokitties is a blockchain-based game that allows users to breed and sell unique digital cats. The project quickly gained popularity and raised over $3 million in just a few months.
Personal Experience: Collecting NFTs
As an avid collector of NFTs, I have seen firsthand the growth and evolution of the market. When I first started collecting NFTs in 2018, there were only a few platforms available for buying and selling digital assets. Today, there are countless platforms available that offer a wide range of NFT collections from artists, collectibles, and more.
