Retail buyers made up 80% of NFT transactions as sales and volumes have boomed this year: Chainalysis
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The market for non-fungible tokens has exploded this year. These unique digital collectors' items live on the blockchain and have gone from being a little-known sector of the crypto world to a mainstream must-have for artists, content creators and even athletes and music stars.
But it's been the involvement of small-time retail investors that has really fueled the boom, according to a report this week from blockchain analytics group Chainalysis.
Retail buyers that spent less than $10,000 on NFTs accounted for 80% of all NFT transfers between January and October this year, according to the report.
19% of NFT transactions were by larger investors that spent between $10,000 and $100,000 on the digital tokens. Less
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