Monday, May 29, 2023

This week, people bought a lot of non-fungible tokens (NFTs) with $179.64 million in sales. That’s 7.28% more from what was sold before and 2.29% more transactions were made, but there were fewer buyers this time around – 4.34% less than before.

NFTs Experience Super Increase in Sales This Week!

This week, people have been buying lots of non-fungible tokens (NFTs). With over $179 million worth of NFTs sold in the past seven days, most of them (about 62%) were purchased on Ethereum. Solana’s NFT sales came in second place, with just over $20 million worth bought this week.

This week, Ethereum-based NFTs went up by 8.68%, while NFTs on the Solana blockchain dropped by 20.88%. Other blockchains like BNB Chain and Panini also saw an increase in their sales, with 19.73% and 29.53% respectively. The biggest change was seen with Theta’s blockchain NFTs, which rose a massive 232.96%, though it only made up $2,805 in total sales this week.

This week, the most popular NFT collection was Nakamigos with 11.29 million dollars in sales, which is 76% more than last week. Other collections that sold well this week include Otherdeed, Bored Ape Yacht Club (BAYC), Cryptopunks and Mutant Ape Yacht Club (MAYC). However, compared to last week, Otherdeed’s sales fell by 20%, BAYC by 22.75%, Cryptopunks increased by 34% and MAYC dropped 6%. The sixth position was taken up by Azuki which had an increase of 90% in sales compared to the previous week and earned 4.29 million dollars.

The most expensive Non-Fungible Token (NFT) sold in the last week was Cryptopunk #3,990, which someone bought for $444,033 two days ago. Azuki #3,194 was the second most expensive NFT last week, and it cost $415,485 three days ago. Someone also purchased Cryptopunk #3,810 for a total of $414,105 approximately 24 hours ago. Lastly, Azuki #9,185 was sold seven hours back at a price tag of $373,678. The top NFT market places this past week were Blur, Opensea and Immutable X Market in order.

Do you think the NFT market is going to last, or will it just fade away? Leave your opinion in the comments section!

Pictures from Shutterstock, Pixabay, Wiki Commons and Nakamigos.


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