The non-fungible token has slightly surged this week, breaking its recent negative trend that left the global weekly sales volume below $70 million. The global NFT market has seen its sales volume rise to +$79 million this week, up +6% from $70 million last week. This positive growth shows that investors still consider NFTs a viable investment mode.

NFT Sales Jump 6.68% This Week

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer backed by crypto billionaire Mark Cuban, shows that the global non-fungible token market has retested positive growth this week. In the past seven days, the global NFT market has attracted a trading sales volume of $79 million, representing a 6.68 % increase from the past week.

During this period, the number of investors buying non-fungible token collections has increased this week. The NFT market has seen 649,759 crypto traders buying NFTs in the past seven days. Interestingly, this figure has surged by 34% in the past week. Over 300,000 have leveraged the recent positive growth and sold their NFTs. The global NFT market has seen over 1.7 million transactions this week.

Ethereum, the blockchain network renowned in the NFT market for powering the majority of blue-chip non-fungible token collections, has remained the dominant NFT blockchain network this week. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $28 million. During this time, Ethereum NFT sales have surged 25% in the past week.

Bitcoin, the blockchain network renowned in the global NFT market for hosting Runes, Ordinals, and BRC-20 NFT collections, has risen in dominance, becoming the second most-traded NFT blockchain in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have recorded a sales volume of $20 million. During this time, the Bitcoin NFT sales volume has surged by 62% from the past week.

Solana, an open-source blockchain network that supports smart contracts, including non-fungible tokens and various decentralized applications, has been this week’s third most-traded blockchain network in the NFT market. In the past seven days, the Solana-based NFT collections have raised a trading sales volume of $13 million. During this time, the Solana NFT trading sales have plunged by 16% from the past week.

Polygon, an Ethereum scaling solution network, has suffered a reduction in traction, becoming this week’s fourth most-traded blockchain network in the NFT ecosystem. The Polygon-based non-fungible token collections have amassed a trading sales volume of $3.8 million in the past seven days. During this time, the Polygon NFT sales volume has plunged 50% from the past week.

BNB Chain, a decentralized blockchain network introduced by Binance, one of the largest cryptocurrency exchanges in daily trading volume, is this week’s fifth most-traded blockchain network in the NFT market. In the past seven days, the BNB Chain-based NFTs have amassed a trading sales volume of $3.7 million, closing our five most-traded blockchain networks this week.

Top Selling NFT Collection In The Past 7 Days

1. NodeMonkes NFT Collection

NodeMonkes, a renowned ordinal collection featuring a limited edition of 10,000 NFTs hosted on the Bitcoin blockchain network, is this week’s most-selling NFT collection, outpacing punks that recently used to be the talk of the streets. In the past seven days, the NodeMonkes Ordinal collection has raised a trading sales volume of $.8 million. During this time, the NodeMonkes NFT sales volume has surged 117% from the past week.

2. Guild Of Guardians NFT Collection

Guild of Guardians, a non-fungible token collection from Guild of Guardians, a renowned role-playing NFT game that allows players to take teams of heroes through challenging dungeons to collect resources, has been this week’s second most-selling NFT collection. In the past seven days, the Guild of Guardians has attracted a trading sales volume of $3.4 million. During this time, the Guild of Guardians NFT trading sales have surged 13% from the past week.

3. CryptoPunks NFT Collection

CryptoPunks, a non-fungible token collection featuring a limited set of 10,000 NFTs hosted on the Ethereum blockchain network that is managed by the digital asset firm Yuga Labs, is this week’s third most-selling NFT collection. The CryptoPunks NFT series has recorded a trading sales volume of $3.2 million in the past seven days. During this period, CryptoPunks NFT sales volume has soared by 59% from the past week.

4. Bitcoin Puppets NFT Collection

Bitcoin Puppets, a renowned ordinal collection featuring a limited supply of 10,001 unique PFPs hand-drawn in MS Paint by a 12-year-old artist and stored in the Bitcoin blockchain network, is this week’s fourth most-selling NFT collection. In the past seven days, the Bitcoin Puppets NFT collection has raised a trading sales volume of $3 million. During this time, Bitcoin Puppets NFT sales volume has surged 241% from the past week.

5. DogeZuki NFT Collection

DogeZuki, a non-fungible token collection with a fixed supply of 2,800 Shiba Inu-inspired NFT items hosted on the Solana blockchain network, has been this week’s fifth most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has recorded a trading sales volume of $2.6 million. During this period, the DogeZuki NFT trading sales volume has surged 7% from the past week.

6. Autoglyphs NFT Collection

Autoglyphs, a non-fungible token collection from the digital asset incubation studio Larva Labs consisting of 512 unique digital items living on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection. In the past seven days, the Autoglyphs NFT series has raised a trading sales volume of $2.4 million. Autoglyphs NFT sales volume has surged by 214% from the past week during this period.

7. Sorare NFT Collection

Sorare, a non-fungible token collection from Sorare, a free fantasy football game letting gamers buy, sell and compete with tokenized digital player cards (NFTs) from some of the world’s top leagues to win cash prizes, has been this week’s seventh most-selling NFT collection. The Sorare NFT collection has amassed a trading sales volume of $2.1 million in the past seven days.

8. Ordinal Maxi Biz NFT Collection

Ordinal Maxi Biz, a non-fungible token collection consisting of 5,141 unique, hand-drawn NFTs inscribed on the Bitcoin blockchain network, with each featuring distinctive eye colour traits, is this week’s eighth most-selling NFT collection. In the past seven days, the Ordinal Maxi Biz NFT collection has recorded a trading sales volume of $1.8 million. The OMB NFT sales volume has surged by 39% from the past week.

9. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an NFT collection from the digital asset incubation firm Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s ninth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club has amassed a trading sales volume of $1.60million. During this period, the Bored Ape Yacht Club NFT trading sales volume has surged by 4% from the past week.

10. LinqSecure Market NFT Collection

LinqSecure Market, a new non-fungible token collection from LINQSecure, a new platform focusing on security, flexibility, and control in token management, has been this week’s tenth most-selling NFT collection. In the past seven days, the LinqSecure Market NFT collection has recorded a trading sales volume of $1.4 million. This NFT collection launched earlier this week.

Top NFT Collectible Sales In The Past 7 Days

The Autoglyghs #304 was the most costly NFT collection sold this week, selling for $207,297 four days ago. Mini Pass#1574 NFT was the second most costly NFT collection sold this week, selling for $205,742 four days ago. Ordinal Maxi Biz was the third most costly NFT Collection sold this week, selling for $80,262 four days ago. LockDeal NFT#62051 was the fourth most costly NFT collection, selling for $43,122 just twenty hours ago.

The NFT Market Prediction – Here’s What To Expect

The positive growth in the NFT market appeared after the United States Securities and Exchange Commission clarified the NFT market regulation. This week, the commission appeared before the US House Committee for Financial Services to answer tough questions, including the difference between crypto tokens and token securities. During this heated proceeding, the US crypto regulatory commission clarified that crypto and NFTs are now not part of the tokenized securities.

Now that harassment and scrutiny from the United States Securities and Exchange Commission and other global regulatory leaders to the NFT sector have cooled, the global NFT market revenue is projected to grow to over $2.3 billion in 2024. Statista expects revenue to show an annual growth rate of 9.10%, resulting in a projected total sales volume of $3.37 billion by 2028. Moreover, it also projects the average revenue per user in the NFT market to reach $138.8 in 2024.

Related NFT News:

• Top Selling NFT This Week – IBOX, MiniMonkey & NodeMonkes NFTs Lead In Sales

• Bored Ape NFT Creator Yuga Labs Joins Adidas To Add Dignity To Its Dookey Dash Game

• Doodles NFT Creator Sets To Launch Its “Draw Me Crosser” Soundtrack This Friday