NFT market sales rise 16% higher; 43.48% Increase in Buyers in Third Week of 2023 – Markets and Prices Bitcoin News

By the end of the third week of January 2023, non-fungible token assets (NFT) increased by 16.39% in total sales. 320,580 buyers participated in the NFT market action in the last week, an increase of 43.48% compared to the previous week. $256.69 million in NFT sales were recorded over the past seven days, with $206.06 million being Ethereum-based NFTs.

Ethereum dominates the NFT market as blockchains Theta, Fantom, Palm and Wax see the biggest gains in NFT sales

Digital ownership continues in 2023 with $256.69 million in non-fungible token (NFT) sales in the last seven days, according to statistics from cryptoslam.io. This represents a 16.39% increase from last week’s NFT sales and includes 1,355,376 NFT transactions. A total of 320,580 buyers participated in the market activity, an increase of 43.48% from the previous week.

Out of 20 unique blockchain networks, Ethereum (ETH) dominated, with $206.06 million of last week’s sales from the ETH chain. ETH based NFT sales increased by 24.78% in the last week. The second leading blockchain in terms of NFT sales this week is Solana (SOL), which had $36,378,730 in NFT sales. However, Solana NFT sales were down 10.44% compared to the previous week.

The blockchains that saw the biggest seven-day gains in terms of NFT sales were Theta, up 239%; Phantom, up 144%; Palm, up 97%; and Wax, up 73% this week. The top selling crypto collections this week included Mutant Ape Yacht Club (MAYC), Bored Ape Yacht Club (BAYC), Bored Ape Kennel Club (BAKC), Azuki and Otherdeed.

The top three most expensive NFT sales this week include Bored Ape Yacht Club #4,025, which sold seven days ago for $613,000; Cryptopunk #7,674, which sold for $451,000 five days ago; and Cryptopunk #7,641, which sold for about $418,000 three days ago. At 10 a.m. Eastern Time on Sunday, January 22, 2023, Cryptopunks had the highest floor value of 66.69 ETH, while BAYC’s floor was just below at 66.247 ETH, according to data from nftpricefloor.com.

What do you think of this week’s increase in sales of non-fungible tokens? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.