NFT Sales Surge by 10.95%: Bitcoin and Ethereum Dominate Market

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NFT sales surged by 10.95% this week, with Bitcoin and Ethereum leading the market. Top sales included Ethereum Name Service domain names and Pizza BRC20 NFTs.

Bollywood Fever: Non-fungible token (NFT) sales have increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a significant 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales.

In the previous week, NFT sales had risen by 7.51%, and this week they went up by another 10.95%, amounting to $141.73 million in digital collectible sales. The most expensive NFT sold during this period was an Ethereum Name Service (ENS) domain name, fetching $587,194 five days ago. The second-highest sale was Protoshroom #6, which sold for $237,373. Additionally, Polygon’s TTAvatars #1280003 sold for $100,500 three days ago.

Top NFT Collections by Sales Volume

The top digital collectible collection by sales volume this week was Pizza BRC20 NFTs, with $22.02 million in sales. Immutable’s Guild of Guardians followed, generating $8.3 million. Pizza BRC20 NFT sales soared by 561.67% compared to the previous week, while Guild of Guardians experienced a 31.61% increase. Ethereum Name Service (ENS) secured the third spot with $5.44 million in sales.

ENS domain name sales saw a significant rise, up 1,587.02% from the previous week. Although there were numerous ENS sales, Bitcoin led the week in NFT sales volume with $43.53 million, a 31.84% increase. Ethereum came in second with $40.97 million in NFT sales, a 17.75% rise. Polygon ranked third with $17.51 million, though its NFT sales declined by 6.82%, according to cryptoslam.io stats.

Market Dynamics and Future Outlook

Overall, this week was favorable for NFT sales compared to the previous two weeks. With Bitcoin leading in sales volume and notable increases in specific collectibles like ENS domain names, the market dynamics may be shifting towards more unique digital assets. This trend could indicate a new phase within the NFT space or might not be significant at all. Only time will tell if these changes represent a lasting shift or a temporary fluctuation.

Also Read, Indian High Court Rules Cryptocurrency Dealings Legal Under Indian Law

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Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office NewsPooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

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