NFT trends atm: search interest, weekly users, and average sale price
I like checking out google trends of different things to get a feel for interest or relevance of that thing. In this case I keep seeing NFTs more and more, everywhere, and wonder what’s the interest look like over time? It’s fascinating to me because the interest kind of skyrocketed as more and more wealth poured into them, like some sort of supercharged viral meme. Then I wonder, the faster it grows, might it be the faster it falls?
It’s still too early to tell in terms of future search interest going up or down.
The weekly users across these platforms shows a decrease, however this it’s unclear if Foundation, SupeRare, or OpenSea are included here (there’s the mysterious “3 others”). Still, TopShot could be a proxy for the other platforms.
Similarly, the changing average price of CryptoPunks could be a proxy of the value of NFTs in general, though this in itself may miss other NFT markets opening up.
For more: “Did we already see the peak of the NFT boom?”