NFT Market Cools Off
The global NFT market faced a decline in sales volume this week, led by Bitcoin, and Solana-based NFT collections. Ethereum and Solana aggressively competed in dominating the NFT market.
Top-Selling NFTs This Week:
1. Bitcoin Ordinals ‘Uncategorized’ NFTs
The top-selling NFT collection this week, Bitcoin Ordinals, created on the Bitcoin blockchain network using satoshis, has reported a trading sales volume of $16 million in the past seven days, a significant reduction from the previous week.
2. Froganas NFT Collection
Froganas NFT collection, hosted on the Solana blockchain network, was the second most-selling NFT collection this week, raking in $14 million in sales volume, a 6,396% increase.
3. $SAIX BRC-20 NFTs
The NFT collection created on the Bitcoin blockchain network using the BRC-20 protocol, $SAIX, secured the third position. The collection amassed a trade sales volume of $7.3 million this week.
Most Expensive NFTs Sold This Week
The top-selling NFT collection this week, Bitcoin Ordinals, created on the Bitcoin blockchain network using satoshis, has reported a trading sales volume of $16 million in the past seven days, a significant reduction from the previous week.
NFT News This Week
1. Starbucks Launched Costa Rica NFT Trip
Starbucks offered an all-expense-paid trip to Costa Rica for the top 20 Odyssey NFT collection owners, bridging the gap between the digital and real world.
2. Trump Cashed Out His NFT Earnings
Former U.S. President Donald Trump cashed out his crypto earnings from digital trading card NFT collections, receiving 1,075 Ether, valuing at $2.4 million.
3. Kevin Rose Claimed Running Moonbirds Made Him Sick
Crypto entrepreneur Kevin Rose shared the adverse impact of the Moonbirds NFT project, reporting medical complications and depression.
Hot Take
The NFT market sales volume took a nosedive this week, with Bitcoin-based ordinals dominating the sales. The Solana and Ethereum networks have been in a tight market rivalry, competing for control over the NFT market. Innovation and competition within the NFT space have driven significant sales and investment trends, including the sale of the most expensive NFTs and the impact on traditional business and political figures.
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