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The Biggest Crypto Airdrops of 2023
The top token handouts of the year netted users over $4.5 billion worth of free crypto. Here are 2023's biggest crypto airdrops.
It was a big year in crypto for free money . Across blockchain networks, many projects and protocols attempted to weather the enduring bear market by handing out bags upon bags of free, native tokens to loyal users via airdrops .
All in all, this year’s 50 biggest airdrops distributed some $4.56 billion worth of free tokens to crypto and decentralized finance (DeFi) users, according to analysis by CoinGecko .
Here’s a look at the 2023 airdrops that clocked in at the top of the list, based on the peak value of each token over the course of this year.
Handily taking gold this year was Ethereum scaler Arbitrum’s massive launch of its native governance token, ARB.
In March, Arbitrum rolled out ARB with airdrops that initially infused projects and DAOs built on the layer-2 network with hundreds of millions of dollars worth of free tokens. Projects that benefited from those first airdrops included Treasure DAO, SushiSwap, Dopex, Radiant, Balancer, and Uniswap .
Read More: https://decrypt.co/211031/biggest-crypto-airdrops-2023-arbitrum-blur-celestia-jito
The top token handouts of the year netted users over $4.5 billion worth of free crypto. Here are 2023's biggest crypto airdrops.
It was a big year in crypto for free money . Across blockchain networks, many projects and protocols attempted to weather the enduring bear market by handing out bags upon bags of free, native tokens to loyal users via airdrops .
All in all, this year’s 50 biggest airdrops distributed some $4.56 billion worth of free tokens to crypto and decentralized finance (DeFi) users, according to analysis by CoinGecko .
Here’s a look at the 2023 airdrops that clocked in at the top of the list, based on the peak value of each token over the course of this year.
Handily taking gold this year was Ethereum scaler Arbitrum’s massive launch of its native governance token, ARB.
In March, Arbitrum rolled out ARB with airdrops that initially infused projects and DAOs built on the layer-2 network with hundreds of millions of dollars worth of free tokens. Projects that benefited from those first airdrops included Treasure DAO, SushiSwap, Dopex, Radiant, Balancer, and Uniswap .
Read More: https://decrypt.co/211031/biggest-crypto-airdrops-2023-arbitrum-blur-celestia-jito
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Sotheby’s sold $35 million worth of digital art in 2023
The 279-year-old British-American auction house also recorded the highest fee for digital artwork yet in 2023.
Fine arts auction house Sotheby’s made “close to $35 million” in digital art sales this year. The numbers were provided by Michael Bouhanna, vice president of the company and its head for digital art, who called 2023 “one of the most exciting years for digital art.”
On Dec. 23, Bouhanna concluded Sotheby’s year results regarding digital art on X (former Twitter). In 2023, Sotheby’s conducted its first live digital art auction with 300 attendees and $12 million in sales. It also recorded the highest fee for digital artwork yet, selling the nonfungible token (NFT) under the title “Ringers #879 ,” created by digital artist Dmitri Cherniak, for $6.2 million.
Altogether, the house has conducted over 25 auctions, focusing exclusively on digital art or including it in contemporary art sales. The company has also launched its own on-chain marketplace for the secondary trade of NFTs, called Sotheby’s Metaverse.
According to Bouhanna, next year, Sotheby’s will focus on “supporting creators and enhancing their primary market strategies.” Cointelegraph reached out for further details.
The 279-year-old British-American clearing house made its first appearance on the NFT scene in April 2021, when it auctioned off the work of a pseudonymous digital artist known as Pak. Since then, Sotheby’s has conducted a number of record-breaking digital art sales.
Read More: https://cointelegraph.com/news/sothebys-sold-35-million-digital-art-2023
The 279-year-old British-American auction house also recorded the highest fee for digital artwork yet in 2023.
Fine arts auction house Sotheby’s made “close to $35 million” in digital art sales this year. The numbers were provided by Michael Bouhanna, vice president of the company and its head for digital art, who called 2023 “one of the most exciting years for digital art.”
On Dec. 23, Bouhanna concluded Sotheby’s year results regarding digital art on X (former Twitter). In 2023, Sotheby’s conducted its first live digital art auction with 300 attendees and $12 million in sales. It also recorded the highest fee for digital artwork yet, selling the nonfungible token (NFT) under the title “Ringers #879 ,” created by digital artist Dmitri Cherniak, for $6.2 million.
Altogether, the house has conducted over 25 auctions, focusing exclusively on digital art or including it in contemporary art sales. The company has also launched its own on-chain marketplace for the secondary trade of NFTs, called Sotheby’s Metaverse.
According to Bouhanna, next year, Sotheby’s will focus on “supporting creators and enhancing their primary market strategies.” Cointelegraph reached out for further details.
The 279-year-old British-American clearing house made its first appearance on the NFT scene in April 2021, when it auctioned off the work of a pseudonymous digital artist known as Pak. Since then, Sotheby’s has conducted a number of record-breaking digital art sales.
Read More: https://cointelegraph.com/news/sothebys-sold-35-million-digital-art-2023
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Crypto users to reach almost one billion in 2024, analysts predict
Bitfinex analysts said the number of users could jump to between 850 and 950 million in 2024 if bullish market conditions continue.
While 2023 put crypto in a tough spot, analysts remain optimistic that the industry will continue to grow, with some predicting that the number of users will reach nearly one billion in 2024.
Analysts from the crypto exchange Bitfinex highlighted in a report that as of Dec. 1, global crypto owners had reached 575 million — up from 432 million at the start of 2023.
Bitfinex analysts said the number could “escalate to between 850 and 950 million.” The analysts predicted this growth could easily be reached if current bullish market conditions continued through 2024. They wrote:
“Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global cryptocurrency owners could escalate to between 850 and 950 million [...] This projection underscores the increasing global interest in and acceptance of cryptocurrencies.”
Read More: https://cointelegraph.com/news/crypto-users-1-billion-2024-bitfinex-analysts-prediction
Bitfinex analysts said the number of users could jump to between 850 and 950 million in 2024 if bullish market conditions continue.
While 2023 put crypto in a tough spot, analysts remain optimistic that the industry will continue to grow, with some predicting that the number of users will reach nearly one billion in 2024.
Analysts from the crypto exchange Bitfinex highlighted in a report that as of Dec. 1, global crypto owners had reached 575 million — up from 432 million at the start of 2023.
Bitfinex analysts said the number could “escalate to between 850 and 950 million.” The analysts predicted this growth could easily be reached if current bullish market conditions continued through 2024. They wrote:
“Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global cryptocurrency owners could escalate to between 850 and 950 million [...] This projection underscores the increasing global interest in and acceptance of cryptocurrencies.”
Read More: https://cointelegraph.com/news/crypto-users-1-billion-2024-bitfinex-analysts-prediction
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