NFT sales continue to slow, with ETH-based NFTs seeing a 20% decline in the past week

Sales of non-fungible tokens (NFT) in the last seven days end the year 13.97% lower than the previous week. Over the past week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers.
NFT sales continue to fall: 13.97% decline in the last seven days
NFT sales are down this week, 13.97% lower than last week according to cryptoslam.io metrics. 2022 has not been a good year for NFTs as sales and NFT values ​​have dropped dramatically over the past 12 months. Of the $147.05 million in NFT sales this past week, NFTs originating from Ethereum (ETH) represented $113.86 million of the total sold in seven days. However, ETH-based NFT sales fell by 20.4% over the past week.
Seven-day sales according to cryptoslam.io statistics as of December 31, 2022.
Solana NFT sales surged 91.36% this week as the chain saw $23.64 million in seven-day sales. While Solana’s increase was large, Waves-based NFT sales increased by 302.59%, but only sold $7,609 worth of NFTs. Theta’s NFT sales increased by 132.29% in the last week, but only sold digital $358 worth of collectibles.
Bored Ape Yacht Club (BAYC) was this week’s top grosser in terms of seven-day sales as it collected $12.59 million. However, $12.59 million over 144 sales is 47.05% lower than BAYC’s sales last week. BAYC is followed by Otherdeeds, Mutant Ape Yacht Club (MAYC), Azuki and Cryptopunks respectively. Cryptopunks managed to jump 94.71% higher in terms of sales this week compared to last week’s sales.

Solana NFT project Degods, which plans to transfer the NFTs to the Ethereum chain, saw sales climb 253.80% higher than Degods’ sales last week. Data shows that the most expensive digital collectible sold in the past seven days was Azuki #4690, which sold three days ago for $216K. Azuki #4,690 was followed by Azuki #2,311, Azuki #9,446 and Bored Ape Yacht Club #193.
The three most expensive floor value prices for NFTs today include BAYC, Cryptopunks, and Mutant Ape Yacht Club. BAYC has a floor value of 69.49 ETH according to nftpricefloor.com, while Cryptopunk’s floor value is currently 65.47 ETH.

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2022, Azuki, Azuki Sales, BAYC Sales, Blockchain, Blue-Chip NFTS, Bored Ape, Bored Ape Yacht Club, cryptopunks, cryptoslam.io, Digital Collectibles, Floor Values, Google Trends NFT, Interest, nft, NFT Collections, NFT Industry, NFT Interests, NFT Owners, NFT Sales, NFT Sales Volume, nftpricefloor.com, NFTs, Traders
What do you think of the NFT sell off this week? Do you predict that 2023 will be a better year for NFTs? Share your thoughts on 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.

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