The NFT Market Shows Signs of Recovery
The non-fungible token (NFT) market, which experienced a significant decline in recent weeks, has seen a slight resurgence in sales. Here are the key points:
- The NFT market has recorded a trading sales volume of $106 million in the past week, representing an 8% increase from the previous week.
- While the number of NFT buyers has fallen by 4% this week, NFT transactions have increased by over 5% to 2.7 million.
- Ethereum-based NFTs dominate the market, with a trading sales volume of $61 million, followed by Polygon NFTs with $12 million.
- Solana and Mythos NFTs have also seen significant trading sales volume increases of 35% and 10%, respectively.
Top Five NFT Collections This Week:
- DraftKings NFTs: This collection has seen a 300% spike in trading sales volume, leading the market on the Polygon network.
- DMarket NFTs: The second most traded NFT collection with a 10% rise in sales volume.
- DeGods NFTs: This collection has seen a 109% increase in trading sales volume on the Ethereum network.
- Gods Unchained NFTs: The digital trading card game NFT collection has recorded a sales volume of $4.9 million.
- Bored Ape Yacht Club NFTs: This limited edition collection has achieved a sales volume of $4.7 million.
Wall Street Meme Presale Raises $23M
The Wall Street Memes (WSM) project, launched in June, has gained significant traction. Here are the details:
- The WSM project has raised $23 million through its presale and has attracted notable investors such as Elon Musk.
Hot Take: Despite the recent downturn, the NFT market is showing signs of recovery with increased sales volume and new popular collections emerging. The Wall Street Memes project is also gaining attention and investment. The future of the NFT market remains promising as it continues to evolve and attract more participants.
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