The global non-fungible token market has broken its recent resistance barrier and witnessed a notable uptick this week. Despite the recent crypto market volatility this week, the non-fungible token trading sales volume has climbed 6% from the past week, with $95 million in trading sales in the past seven days. In this article, we shall assess whether the NFT market will maintain this positive growth in the coming weeks.
NFT Sales Pump 6% This Week
Data fetched by CryptoSlam.io, an on-chain crypto market data aggregator and a non-fungible token collection explorer, indicates that the global non-fungible token market has recorded some positive gain this week, breaking its over three months of downtrend. The global NFT market has amassed a trading sales volume of $95 million in the past seven days. The NFT market surge has revealed that the future of the NFT market is still great.
Ethereum, a decentralized blockchain peer-to-peer network renowned in the non-fungible token market for powering the most blue-chip NFT collections, is this week’s top-traded blockchain network in the NFT ecosystem. In the past seven days, the Ethereum-based NFT collections have amassed a trading sales volume of $32 million. Ethereum NFT trading sales volume has surged 0.56% this week from the past week.
Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Solana-based NFT collections have attracted a trading sales volume of $19 million. Solana NFT trading sales have surged 10% this week from the past week.
Bitcoin, the same blockchain network powering the flagship crypto, Bitcoin, and renowned in the NFT market for hosting Bitcoin Ordinals, Runes and BRC-20 non-fungible token collections, is this week’s third most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have attracted a trading sales volume of $14 million. Unlike the Ethereum and Solana NFTs, the Bitcoin NFT trading sales volume has fallen 10% this week from the past week.
Polygon, an Ethereum scaling solution blockchain network, has been this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, the Polygon-based non-fungible token collections have amassed a trading sales volume of $9 million. Polygon NFT trading sales volume has surged by 11.77% this week compared to the past week, following its rival Ethereum and Solana NFT blockchain networks.
The Mythos Chain, a permissioned EVM chain based on the Mythos token (MYTH) optimized for in-game assets that power the Mythical Games ecosystem, has been the fifth most traded NFT blockchain network. In the past seven days, the Mythos Chain-based NFT collection has recorded a trading sales volume of $7.2 million. Mythos Chain NFT trading sales volume has surged 288% this week from the past week.
10 Top Selling NFT Collections This Week
1. DMarket NFT Collection
DMarket, a non-fungible token collection from the DMarket NFT market platform created on the Mythos Chain blockchain network, is this week’s top-selling NFT collection. In the past seven days, the DMarket NFT collection has recorded a trading sales volume of $7.1 million. DMarket NFT trading sales volume has surged 308% this week from the past week. It’s worth noting that the DMarket NFT collection is the primary factor behind the recent Mythos Chain’s NFT market growth.
2. Guild of Guardians NFT Collection
Guild of Guardians, a non-fungible token collection from Guild of Guardians, a roguelite mobile RPG game that lets players build their dream team of Guardians to battle against the corrupting threat of the Dread while earning epic rewards, is this week’s second most-selling NFT series. In the past seven days, the Guild of Guardians NFT collection has attracted a sales volume of $3.47 million. The Guild of Guardians NFT trading sales volume has surged 5.52% this week from the past week.
3. Sorare NFT Collection
Sorare, a non-fungible token collection from the Sorare, a play-to-win blockchain-based fantasy video game featuring the world’s best global football players, is this week’s third most-selling NFT collection. In the past seven days, the Sorare NFT collection has recorded a trading sales volume of $3.3 million. Nonetheless, Sorare NFT trading sales volume has plunged 9.59% this week from the past week.
4. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection from the digital asset incubation studio Larva Labs but now managed by the digital asset incubation studio Yuga Labs, has been this week’s fourth most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has raised a trading sales volume of $2.8 million. CryptoPunk, a non-fungible token collection with a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, has surged 24% this week.
5. DogeZuki NFT Collection
DogeZuki, a new non-fungible token collection featuring a fixed supply of 2,800 NFTs inspired by Shiba Inu dogs hosted on the Solana blockchain network, is this week’s fifth most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has recorded a trading sales volume of $2.8 million. The DogeZuki NFT trading sales volume has plunged by 20% this week from the past week.
6. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, another non-fungible token collection managed by the digital asset incubation studio Yuga Labs that features a limited set of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club NFT collection has recorded a trading sales volume of $2.4 million. However, the Bored Ape NFT trading sales volume has plunged 20% this week from the past week.
7. Pudgy Penguins NFT Collection
Pudgy Penguins, a non-fungible token collection from the digital asset firm Igloo Inc.. featuring a limited supply of 8,888 NFTs hosted on the Ethereum blockchain network, is this week’s seventh most-selling NFT collection. In the past seven days, Pudgy Penguins NFT collection has raised a trading sales volume of $2.2 million. The Pudgy Penguins NFT trading sales volume has surged by 100% this week from the past week.
8. $?? BRC-20 NFT Collection
$?? BRC-20, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s eighth most-selling NFT collection. The BRC-20 token experimental standard supports the creation and transfer of fungible tokens via a protocol on the Bitcoin blockchain. In the past seven days, the $?? BRC-20 NFT collection has raised a trading sales volume of $2.1 million. The $?? BRC-20 NFT sales have surged 65% this week from the past week.
9. DeGods NFT Collection
DeGods, a non-fungible token collection from the digital asset incubation studio featuring a fixed edition of 4,320 godly characters with modern streetwear and ancient deity-inspired art hosted on the Solana blockchain network, is this week’s ninth most-selling NFT collection. In the past seven days, the DeGods NFT collection has recorded a trading sales volume of $2.1 million. The DeGods NFT trading sales volume has surged 341% this week following the recent DeGods Hq Telegram chat launch.
10. NodeMonkes NFT Collection
NodeMonkes, a non-fungible token collection featuring a limited supply of 10,000 NFTs created on the Bitcoin blockchain network using the ordinal protocol, is this week’s tenth most-selling NFT collection. In the past seven days, the NodeMonkes NFT collection has recorded a trading sales volume of $2 million, closing our ten top-selling NFT collections this week. NodeMonkes NFT trading sales volume has plunged 18% this week from the past week.
NFT Market Prediction: Will NFTs Surge Again In The Coming Weeks?
Gary Vaynerchuk, a serial crypto entrepreneur, internet personality and VeeFriends non-fungible token project founder, is hosting his annual NFT conference, VeeCon 2024, this weekend in Los Angeles, California, at the L.A. Live Entertainment District. The conference-meets-festival will feature conversations with the most accomplished, ambitious, and curious thought leaders in business, marketing, technology, innovation and pop culture.
The wait is over. Doors are open, vibes are high, and we are underway.
Welcome to #VeeCon2024 🌴 pic.twitter.com/ouBbxZr5Ns
— VeeCon (@veecon) August 9, 2024
The VeeCon 2024 and other activities are expected to bring back charges in the non-fungible token market. Last year, Gary Vee hosted his 2nd annual first-of-its-kind NFT-ticketed super-conference for the VeeFriends and the Web3 community. The NFT conference brought together crypto and NFT communities to learn, share ideas and build lasting relationships. An NFT event plays a vital role in bringing trust back to the crypto and NFT sectors.
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Mythos Chain Outpaces Ethereum In Daily NFT Sales – Becomes The Leading NFT Blockchain
NFTs Are In Turmoil – Is The NFT Market Revival In 2024 Still A Reality? Here’s An Answer
