NFT sales are up 18.43% this week, led by Ethereum’s $233.85 million in NFT settlements – markets and prices
Sales of non-fungible tokens (NFT) are up 18.43% this week for a total of $272.68 million. However, the number of NFT buyers fell by 60.31% to around 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of total sales, up 25.42% from the previous week.
Best NFT Collection of the Week: Otherdeed leads with sales of $18.26 million
NFT sales soared 18.43% this week, with $272.68 million in revenue falling in more than 20 years Blockchainprojects issuing NFTs. Ethereum led the market, accounting for 85.76% of total sales at $233.85 million. ETH-based NFT sales were also up 25.42% over the previous week.
Solana ranked second in NFT sales last week with $20,415,068. However, that figure represents a 25.95% drop from the previous week. Ethereum and Solana were created by Immutable X, polygon and Cardano followed in NFT sales. Immutable X posted sales of $6,222,375 last week, Polygon posted $3,469,913 and Cardano total sales of $3,132,714.
Last week’s best-selling NFT collection was Otherdeed, which generated $18,260,273 in sales. Bored Ape Yacht Club (BAYC) followed with sales of $16,520,662. The other collections in the top 5 were Mutant Ape Yacht Club (MAYC), Checks VV Edition, Doodles and Sewer Pass. Of these five collections, BAYC saw the largest increase in sales, up 31.35% from the previous week.
The most expensive NFT sold last week was Cryptopunk #5,066, which sold for $1.4 million five days ago. This sale was followed by BAYC #7,090, which sold four days ago for $1.3 million. Cryptopunk #2,886 sold for $454,744 a day ago, Otherdeed #54,421 sold for $327,796 and Otherdeed #67,782 sold for $282,219 this week. According to nftpricefloor.com stats, BAYC NFTs currently have the highest floor value at 70.97 ETH, followed by Cryptopunks at 63.29 ETH as of 9:30am ET on February 11th, 2023.
What are your thoughts on the continued growth in NFT sales and Ethereum dominance in the market? Share your thoughts in the comments below.
photo credit: Shutterstock, Pixabay, Wiki Commons, Editor’s Image Credits: Rokas Tenys / Shutterstock.com
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Source: Crypto News Deutsch
