Heading: NFT Sales Witness a 23% Drop in the First Week of July 2023

During the initial week of July 2023, the sales of non-fungible tokens (NFTs) observed a decline of 23.39% compared to the previous week, marking a downward trend for two consecutive weeks. A total of $195.95 million worth of NFTs were sold, with Ethereum-based NFTs contributing $130.77 million to the overall sales.

Heading: NFT Sales Experience a 23% Drop in the First Week of July 2023

According to data from Cryptoslam.io, there was a 23.39% decrease in NFT sales this week compared to the previous week. Additionally, there was a significant 96.48% decrease in NFT buyers and a 15.26% decline in the number of NFT sales. Among the sales, Ethereum-based NFTs stood out, accounting for 66.73% of total sales and reaching $130.77 million last week.

Heading: NFT Sales Data for the Week Ending July 8, 2023

Cryptoslam.io’s seven-day NFT sales data for July 8, 2023.

Heading: Ethereum Dominates NFT Sales, Sees a 14.77% Dip

Despite its dominance, Ethereum-based NFT sales experienced a 14.77% decline compared to the previous week. Out of 22 networks, Bitcoin (BTC) secured the second position in terms of sales, generating $23.37 million last week but witnessing a 34.99% slump week-over-week. Following Ethereum and Bitcoin, Solana, BNB, and Polygon also contributed to the weekly sales.

Heading: Top NFT Sales of the Week According to cryptoslam.io on July 8, 2023

The Bored Ape Yacht Club (BAYC) emerged as the highest-selling NFT collection of the past week, generating $22.57 million in revenue and experiencing a 1% growth compared to the previous week. Other notable collections included Azuki, Mutant Ape Yacht Club (MAYC), Uncategorized Ordinals, and Fram BRC20. Fram BRC20 NFT sales saw an impressive surge of 97.47%. Captainz and Degods also achieved significant gains of 43% and 70%, respectively.

Heading: Blockchain Origins of Top NFT Sales

Out of the top five NFT collectible sales this week, three originated from the Bitcoin blockchain, while two were based on Ethereum. The highest-priced sale was an Uncategorized Ordinal, which fetched $832K. However, no single NFT or digital collectible surpassed the million-dollar mark this week.

Share your thoughts and insights on the factors driving the recent decline in weekly NFT sales in the comments section below.

Frequently Asked Questions (FAQs) about NFT sales

What was the percentage decline in weekly NFT sales?

During the first week of July 2023, there was a 23.39% decline in NFT sales compared to the previous week.

How much worth of NFT sales occurred during that week?

A total of $195.95 million worth of NFT sales occurred during the first week of July 2023.

Which blockchain dominated NFT sales during that week?

Ethereum-based NFTs accounted for $130.77 million, leading the pack in terms of sales.

Which NFT collection generated the highest revenue?

The Bored Ape Yacht Club (BAYC) was the top-selling NFT collection, generating $22.57 million in revenue.

Did any single NFT surpass the million-dollar mark?

No, there were no single NFT or digital collectibles that breached the million-dollar mark during that week.

What were the other notable NFT collections?

Other notable NFT collections included Azuki, Mutant Ape Yacht Club (MAYC), Uncategorized Ordinals, and Fram BRC20.

How did Ethereum-based NFT sales perform compared to the previous week?

Ethereum-based NFT sales experienced a 14.77% dip compared to the previous week.

Which blockchain originated the majority of the top NFT sales?

Out of the top five NFT collectible sales, three originated from the Bitcoin blockchain, while two were based on Ethereum.

What contributed to the decline in weekly NFT sales?

Factors contributing to the decline in weekly NFT sales are not specified in the provided text.

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3 comments

NFTLover32 July 9, 2023 - 1:32 pm

nft sales went down, oh noes! ethereum still on top tho, with 130mil! yasss! bored ape yacht club rakin’ in the $$$, love it! #cryptoqueen

Reply
ArtCollector99 July 9, 2023 - 6:15 pm

Bored Ape Yacht Club rulin’ the NFT game! Love their creative designs. Can’t believe no NFT hit the million-dollar mark tho, maybe next time! #NFTart

Reply
CryptoTrader23 July 10, 2023 - 6:15 am

Whoa, NFT sales droppin’ and buyers disappearin’. What’s goin’ on? We need more info on what caused this decline. Ethereum still holdin’ strong, but gotta keep an eye on the trends! #cryptostruggles

Reply

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