The Current State of the NFT Market
The NFT market has shown continued strength with an increase in trading sales volume and real-world adoption, signaling a potential return to an upward trend after a period of decline.
Top-Selling NFT Collections
This week’s top NFT collections include the Nobody NFT Collection, Mutant Ape Yacht Club NFT Collection, DeGods NFT Collection, Pudgy Penguins NFT Collection, Quantum Cats NFT Collection, Lil Pudgys NFT Collection, CryptoPunks NFT Collection, Pandora NFT Collection, Y00ts NFT Collection, and Transdimensional Fox Federation.
Nobody NFT Collection
The Nobody NFT Collection from director Stephen Chow is the top-selling NFT collection, with a trading sales volume of 1,872 ETH and a market cap of $16 million.
Mutant Ape Yacht Club NFT Collection
Mutant Ape Yacht Club, featuring a limited set of 20,000 NFTs hosted on the Ethereum blockchain network, is the second most-selling NFT collection this week, with a trading sales volume of 1,431 ETH and a market cap of $205 million.
DeGods NFT Collection
This NFT collection from Dust Labs has recorded a sales volume of 1,067 ETH and has a market capitalization of $65 million, making it the third most-selling NFT collection.
Pudgy Penguins NFT Collection
Pudgy Penguins, with a market cap of $361 million and a floor price of $40,627, is the fourth most-selling NFT collection this week, with a trading sales volume of 846 ETH.
Quantum Cats NFT Collection
Quantum Cats, a newly launched NFT created on the Bitcoin blockchain network, has a trading sales volume of 26 BTC and a market capitalization of $42 million, making it the fifth most-selling NFT collection this week.
Lil Pudgys NFT Collection
Lil Pudgys has a trading sales volume of 479 ETH, a market cap of $85 million, and a floor price of $3,982, landing it as the sixth most-selling NFT collection this week.
Hot Take
The NFT market is showing signs of recovery with increased trading sales volumes and real-world adoption, indicated by this week’s top-selling NFT collections.
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