NFT Weekly Sales Surge +10% To $110M – InsideBitcoins

The non-fungible token market has experienced positive growth this past week and is projected to continue expanding in the coming weeks. In the past seven days, the non-fungible token market has raised a trading sales volume of $110 million, up +10% from the past week. The NFT market is up due to renewed investor interest and the emergence of new use cases beyond digital art, such as real-world asset tokenization.

NFT Sales Rise +10% This Week

Data fetched by cryptoslam, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer that tracks non-fungible token collections from over 20 chains, shows that the global NFT market has recorded positive gains this week. In the past seven days, the NFT market has attracted a trading sales volume of $110 million, up 10.36% from the past week. The global NFT market recorded $102 million last week.

Ethereum, the blockchain network renowned in the NFT market for powering most of the blue-chip NFTs, was the most-traded blockchain network in the NFT market last week. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $36 million. During this period, the Ethereum-based NFT trading sales volume has surged by 5.12% from the previous week.

Source: Cryptoslam.io, NFT trading sales volume by blockchain networks

Mythos Chain, the Ethereum Virtual Machine-compatible blockchain network that ensures secure and efficient transactions in the Mythos NFT gaming ecosystem, was last week’s second most-traded blockchain network in the NFT market. In the past seven days, the Mythos Chain-based NFT collections have recorded a sales volume of $16 million. During this period, the Mythos Chain NFT sales volumes surged 85% from the previous week.

Polygon, an Ethereum scaling solution blockchain network, is this week’s second most-traded blockchain network in the NFT market. In the past seven days, the Polygon-based non-fungible token collections have amassed a trading sales volume of $12 million. During this period, the Polygon NFT trading sales volume has plunged 24.81% from the past week. Polygon’s NFT market growth was primarily fueled by the surge in the Courtyard NFT collection.

BNB Chain, the blockchain platform for NFTs, DApps, and DeFi, backed by the large Binance exchange and known for its high speed, low costs, and Ethereum Virtual Machine compatibility, was the fourth most-traded blockchain network in the NFT market last week. In the past seven days, the BNB Chain NFT collections have raised a trading sales volume of $10 million. During this time, the BNB Chain NFT sales have surged by 4.26% from the previous week.

Bitcoin, the blockchain network renowned in the NFT market for powering the popular Ordinals and BRC-20 NFT collections and known for hosting the flagship crypto Bitcoin, was last week’s fifth most-traded blockchain in the NFT market. In the past seven days, the Bitcoin-based NFT collections have raised a trading sales volume of $9.7 million. During this time, the Bitcoin NFT trading sales volumes surged 23.05% from the previous week.

Five Top Selling NFTs This Past Week

1. Courtyard NFT Collection

Courtyard, a non-fungible token collection featuring real-world assets tokenized and stored in the Polygon blockchain network, was last week’s most-selling non-fungible token collection in the NFT market. In the past seven days, the Courtyard NFT collection has raised a trading sales volume of $11 million. During this time, the Courtyard NFT trading sales volume has plunged by 25.73% from the previous week.

2.DMarket NFT Collection

DMarket, a renowned non-fungible token collection that features in-game virtual items from the popular online NFT games, like Counter-Strike, Rust, and Dota 2, was last week’s second most-selling NFT collection in the NFT market. In the past seven days, the DMarket NFT collection has raised a sales volume of $11 million. During this time, the DMarket NFT trading sales volume has risen by 209% from the previous week.

3. CryptoPunks NFT Collection

CryptoPunks, a globally acknowledged non-fungible token collection featuring a fixed edition of 10,000 pixilated profile pictures hosted on the Ethereum blockchain network, was last week’s second most-selling NFT collection in the NFT market. In the past seven days, the CryptoPunks NFT collection has amassed a trading sales volume of $4.7 million. During this time, the Punk NFT trading sales volume plunged 32% from the previous week.

4. Panini America NFT Collection

Panini America, a non-fungible token collection featuring unique digital trading cards, officially licensed by major sports leagues, including the NFL, NBA, and FIFA, was last week’s fourth most-selling NFT collection in the NFT market. In the past seven days, the Panini America NFTs have recorded a trading sales volume of $4.5 million. During this period, the Panini America NFT sales have surged 35% from the previous week.

5. Guilds Of Guardians Heroes NFT Collection

Guild of Guardians Heroes, a non-fungible token series from the Guild of Guardians, an action, mobile role-playing game that allows players to role-play as heroes and go through dungeons to gather redeemable resources, was last week’s fifth most-selling NFT series in the global NFT market. In the past seven days, the Guild of Guardians Heroes NFT collection has raised a sale volume $4.3 million, up 39% from the previous week.

The NFT Market Prediction

The NFT market shows signs of stabilization and maturation following high volatility. Even though market revenue and volume have contracted from their 2021-2022 peaks, the number of sales is rising, suggesting broader adoption beyond speculative buying. The global NFT market is predicted to experience a significant price increase in the coming months. This optimism stems from the growing adoption of NFTs in various industries beyond art and ongoing development within the global NFT space.

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