A Week of Significant Growth in Non-Fungible token (NFT) Sales
The non-fungible token (NFT) market witnessed a remarkable surge over the past week, with transactions reaching a total value of $442.02 million – an impressive 11.62% increase compared to the previous seven days. Among these transactions, bitcoin-based NFTs emerged as clear front-runners in terms of sales volume across 22 different blockchains.
Top NFT Sale of the Week: The Staggering $16 Million ‘Alien’ Cryptopunk
The most notable transaction during this period was the sale of ‘Alien’ Cryptopunk #3,100. This unique digital collectible, characterized by its distinctive headband, fetched a mind-blowing $16 million. bitcoin-based NFTs recorded a substantial increase in sales as a result, with transactions amounting to $166,090,817 – an impressive 14.26% jump from the previous week based on data from cryptoslam.io.
bitcoin Blockchain: A Hotbed for NFT Sales
Collections on the bitcoin blockchain, such as Uncategorized Ordinals and Nodemonkes, contributed significantly to the sales volume. Sales from these collections reached impressive figures of $41.46 million and $37.02 million, respectively. Another notable collection, Natcats Tap, added $11,227,067 to the bitcoin blockchain’s NFT sales total.
ethereum’s Stronghold in the NFT Sector
ethereum-based collectibles transactions ranked second in sales with a total of $165,264,274. The top ethereum collection, Cryptopunks, reported weekly sales of $27,041,685. Other notable collections on the ethereum blockchain included Bored Ape Yacht Club (BAYC), with sales totaling $11,210,023, and Pudgy Penguins, which generated $10,978,077 in sales. Overall, ethereum NFT sales saw a noteworthy increase of 11.72% compared to the previous week.
solana, bnb Chain, and Mythos Chain: Other Blockchains with Notable NFT Sales Activity
Apart from bitcoin and ethereum, other blockchains, including solana, bnb Chain, and Mythos Chain, also experienced increased NFT sales activity. The Blast blockchain saw the most substantial growth during this period, with weekly sales surging by 196.64% to reach $5,306,912. The week’s most significant transaction took place on the Blast blockchain with ‘Alien’ Cryptopunk #3,100 selling for $16 million.
Notable solana NFT Sales
Other notable sales on the solana blockchain included Boogle #071, which sold for $355,368, and an Uncategorized Ordinal NFT that fetched $353,833. Additionally, a significant auction occurred on Friday, with the largest Ordinal inscription, Runestone, fetching 8 btc ($544,713). Leonidas, the creator of Runestop, announced that all proceeds from the auction would support network fees for the Runestone airdrop initiative.
Expanding Landscape of Digital Collectibles and Unique Assets in the Cryptocurrency Space
The past week saw a surge in NFT transactions, with bitcoin-based NFTs leading in sales volume. ethereum-based NFTs closely followed, and collections such as Cryptopunks and Bored Ape Yacht Club drove sales on the ethereum blockchain. As interest in NFTs continues to grow, various blockchains are experiencing increased activity, further emphasizing the expanding landscape of digital collectibles and unique assets in the cryptocurrency space. The $16 million sale of ‘Alien’ Cryptopunk #3,100 serves as a testament to the growing value and popularity of NFTs in the digital marketplace.
