Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million

On the earth of non-fungible tokens (NFTs), the gross sales figures have undergone a minor setback this previous week, dipping 4.33% from the earlier week, pulling in a complete of $148.55 million. With Ethereum standing as an exception, 4 of the highest 5 blockchains recognized for NFT gross sales have witnessed a week-over-week downturn.

NFT Gross sales Decline for Second Consecutive Week

The previous week recorded $148.55 million in NFT gross sales, marking a 4.33% drop from the earlier week. Ethereum-based NFT gross sales accounted for $88.54 million of the overall, constituting 59.6% of this week’s general NFT gross sales, and reflecting a 1.41% uptick from the week prior. In the meantime, Bitcoin-based NFTs yielded $25.92 million in gross sales, roughly 17.44% of the week’s whole, however exhibited a major 14.37% lower from the earlier week.

Knowledge from cryptoslam.io on July 16, 2023.

Cryptoslam.io stats present NFT gross sales revolving round Solana amassed a sum of $8.2 million, marking a 17.46% decline. Polygon, in the identical vein, garnered $5.9 million, reflecting a 16.44% dip from its NFT gross sales within the earlier week. The BNB Chain additionally adopted the development, reporting round $5.3 million in whole NFT gross sales for the week, representing a modest 2.61% downturn.

The highest 5 single NFT gross sales this previous week.

When it comes to seven-day gross sales, the highest-grossing collections this week have been each tethered to Bitcoin. The Fram NFT assortment and Uncategorized Ordinals outperformed others, nabbing the 2 prime spots. In the meantime, Bored Ape Yacht Membership (BAYC), an Ethereum-centric NFT assortment, slipped to the third rank this week. Trailing behind BAYC, Ethereum’s Captainz and Cryptopunks collections occupied the following positions.

Within the prime echelon of NFT gross sales this week, Bitcoin-based NFTs secured three out of the 5 main spots. The priciest NFT transaction belonged to an providing from the Bitcoin Burials assortment, altering fingers for a staggering $1.68 million. Following that, BAYC #1,734 fetched a cool $1.2 million, and Cryptopunk #8,531 commanded a worth barely over $1 million. The 2 remaining positions on this week’s prime NFT transactions originated from the Bitcoin blockchain, every pulling in upwards of $400K.

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