Dismiss 500 NFT Index Drop, Vitalik Linked NFT Token Gains Momentum

Gitcoin Presents, an NFT collection linked to Ethereum creator Vitalik Buterin. Image: screenshot of OpenSea

The Nasdaq 500 NFT index fell 1.25% to 4,235.97 in the 24 hours to 10:00 a.m. in Hong Kong on Thursday. The newly created index by Forkast.news data partner CryptoSlam is a proxy measure of the performance of the global non-fungible token (NFT) market based on 500 eligible smart contracts.

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Fast facts

• Global NFT sales rose 7.93% to $31.2 million, while the number of unique buyers shrank 6.47% to 70,854, according to data from CryptoSlam.
• Ethereum, the leading blockchain network for NFTs, saw sales increase by 10% to $24.8 million in the last 24 hours, and total transactions increased by 22.23% to 103,077. Discard ETH NFT Composite – which measures the performance of the Ethereum NFT market including 250 smart contracts – decreased 0.91% to 1,413.72.
• Sales of Solana, the second largest NFT blockchain, rose 24% to $3.8 million. NFT sales on the third largest Polygon network increased by almost 47% to $832,386. Discard the SOL NFT Composite – which measures the performance of the Solana NFT market and includes 100 smart contracts – lost 2% to 1,185.94.
• Gitcoin presentsan NFT pool linked to Ethereum creator Vitalik Buterin, had the biggest sale in the last 24 hours, totaling $4.22 million with 5,688 unique buyers since the open edition started last week.
• Ethereum-based Sewer Pass, an NFT collection issued by Yuga Labs, came second at CryptoSlam with 24-hour sales increasing by 138.53% to US$1.15 million, with 160 transactions and 116 unique buyers.
• Genesis Dimensional Stones, an Ethereum-based in-game NFT collection for the Web 3.0 game Dimensionals, came in third with sales of US$1 million with 290 transactions and 221 unique buyers, after it started trending around midnight.
• Sorare, an Ethereum gaming platform that allows users to trade NFT cards from sports players, had the highest number of NFT transactions with 16,560, despite a 9.75% drop. The collection attracted 6,518 unique buyers, which was also the highest in terms of number of unique buyers.

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