📈📈Bull or Bear? NFT Sales Hit 101 Million in 2022!

Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter ready to ride the bull. So, let us take you on a journey of pain and pleasure to see what's been happening in the NFT space over the weekend.

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• NFT Sales Hit 101 Million in 2022!

• Trump Cards Trending Once Again

• Half Moons 🌗 - Daily tidbits

• NFTevening's Shooting Star 🌠 - Our artist of the day

• Dark Side of The Meme 🌚 - your daily dose of NFT laughter

To the Moon index

NFT Sales Hit 101 Million in 2022!

Bear market? What bear market! According to DappRadar, NFT sales topped a whopping $101 million in 2022! This is a huge a 67.57% increase from the previous year.

Vitalik is still King, as Ethereum holds the throne in the overall NFT ecosystem with 21% of the market share, followed by Wax and Polygon.

And you thought NFTs were dead.

The last saw we moved away from the PFP hype and unlocked NFT use cases across web3 for various artists, creators, and builders

So, NFTs drove away from hype-centric projects to utility-focused, long-term value-based endeavors for builders globally. Of course, there are still some strangely hyped projects in our peripherals (I'm looking at you, feetpix).

But still, overall, artists made art, gamers made games, and builders kept on building.

Does this mean that mass adoption is already here? With many digital megastructure changes taking place under the hood, web3 is catapulting its way into the mainstream.

Though we are still early, we are witnessing the growth of a decentralized world with every passing day. Major brand inflows, and adoption by communities, cultures, and even countries, are ensuring a better, more powerful future of money, art, and people.

Bull market wen?

Trump Cards Trending Once Again

One collection that brought in a lot of $$$ towards the end of the year was the unexpected Trump NFT collection. Now, after tanking, the Trump NFTs are back.

After losing 80% of its value in just 14 days, the NFTs of the former president are now on the rise, seeing a volume increase of 800% in just 2 days.

That's right, the daily sales volume for the Trump Digital Trading Card collection went from approximately $34,000 to a whopping $306,000 in just one day, according to data from CryptoSlam.

And if that wasn't enough, the starting price for NFT Trump listings doubled from $235 to $454 on Wednesday.

Where can I get some magic dust to make my money double?

Since then, the price and trading volume has been up and down, but this latest rollercoaster ride has proved that Trump NFTs are not yet dead. They have survived scandal, allegations of art theft, and talks of a dodgy team.

Who knew that this former president's legacy could be worth such a pretty penny?

Half Moons 🌓

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• Binance Issues New Rules; To Delist NFTs With Low Trading Volume [NFTEvening]

• The Nelk Boys Get The All-Clear For Their Bored Ape Beef Jerky [NFTEvening]

Shooting Star 🌠

Magusz

Megusz is a visionary and Psychedelic artist mainly. But always a creator and a lifetime learner. His art reflects the cosmic and spiritual aspect of life, coming from visions of exploration of the Self. Some pieces can be a bit more provocative to foster reflection and wonder. Aside from creating art pieces, Magusz also does work as an illustrator and 2D animator. Learn more about Magusz by visiting his Twitter @ magusz_art

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