Bored Ape NFT Sells For +$1.6M – Are NFTs Back?

The global non-fungible token sector is experiencing a comeback, marked by a spike in trading sale volume. In the past 24 hours, the global NFT market has raised a trading sales volume of $30 million, up over 43% from the previous day. This NFT resurgence is fueled by a mix of factors, including a broadening of use cases beyond just digital art, such as ticketing, gaming, and loyalty programs.

Daily NFT Sales Jump +43% To $30M

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token collections explorer tracking non-fungible token collections from 20 blockchain networks, shows that the global non-fungible token market has significantly surged in trading sales volume. In the past 24 hours, the NFT market has raised a trading sales volume of $30 million. During this time, the NFT trading sales volume has surged by 43% from the previous day.

Ethereum, the flagship blockchain for non-fungible tokens, is again the most traded blockchain network in the NFT market. In the past 24 hours, the Ethereum-based NFT series has recorded a trading sales volume of $18 million. During this time, the Ethereum NFT trading sales volume has soared by +60% from the past day. Avalanche is today’s second most traded NFT collection in the NFT market, with a trading sales volume of $3.4 million.

BNB Chain, a renowned blockchain network from the crypto exchange platform ‘Binance’ and Mythos Chain, a blockchain network facilitating transactions in the Mythical gaming ecosystem, are today’s third and fourth most traded blockchain networks in the NFT market. In the past 24 hours, the BNB Chain-based NFT collection has amassed trading sales volume of $2 million, while Mythos Chain NFT collections have amassed a trading sales volume of $1.9 million.

Bored Ape NFT Sells For $1.6M

The global NFT market surge witnessed today is fueled by a mix of factors, including the sale of a Bored Ape NFT collection and the recent hype around TokenWork’s NFT strategies. Earlier today, Bored Ape Yacht Club #1876 successfully exchanged hands for over $1.6 million, pushing the Ethereum NFT trading sales volume to greater heights. This Bored Ape NFT is part of Bored Ape Yacht, a globally acknowledged non-fungible token collection from Yuga Labs featuring a limited edition of 10,000 NFTs stored on the Ethereum blockchain network. This mega sale is a testament that NFTs are making another comeback.

source: cryptoslam.io

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