06/12/2023 Bitcoin (BTC) and Ethereum (ETH) Rally Boosts NFT Market Surge

NFTs surge as Bitcoin and Ethereum rise, with Ethereum's Pudgy Penguins up 70% and Solana's Mad Lads jumping 56%.

NFT Market

The recent upswing in the values of Bitcoin and Ethereum has led to a significant boost in various NFT markets. Notably, collections on Ethereum and Solana are experiencing a surge in value and interest. Pudgy Penguins, an Ethereum-based collection, has seen a 77%increasein its USD floor price over the past week, while trading volume has escalated by 397%. This surge indicates a strong recovery and growing investor confidence in NFTs linked to these blockchain networks.

Significant Rises in Major NFT Collections

Other Ethereum NFT collections are also riding the wave of this revival. Azuki’s floor price has risen by 25%, and stalwarts like Bored Ape Yacht Club and CryptoPunks have seen increases of 30% and 15%, respectively. Even the controversial Milady Maker collection has enjoyed an over 70% increase in floor price. Thesetrendsunderscore a broader market revival, transcending beyond individual projects and signaling a possible end to the prolonged NFT winter.

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Solana Collections Joining the Upswing

Thepositive trendisn’t confined to Ethereum alone. Solana’s NFT collections are also witnessing considerable growth. Mad Lads, a prominent Solana project, has seen its floor price jump by 52.6%, now valued at an impressive $10,219. This growth is not solely attributed to the recent Solana rally but also the unique benefits offered to the holders, such as connections to the Backpack app and an upcoming crypto exchange.

Other Solana collections like Claynosaurz and Chads have also recorded significant gains in floor price and trading volume. Significantly, the recent developments in the NFT market, buoyed by the uptick in major cryptocurrencies like Bitcoin and Ethereum, point towards a rejuvenated interest and confidence in digital collectibles.

Arts

https://coingape.com/bitcoin-btc-and-ethereum-eth-rally-boosts-nft-market-surge/amp/

Interesting NFTs
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
CraZyEyz
Good morning! CraZyEyz here. I'm here to enjoy hitting on yo' man and reciting poetry. Sometimes I daydream of a life full of tripping my owner, cantaloupe, and running a podcast. It's pawesome to meet you!
CryptoPunk #7252
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
The Moth Catcher
In this psychologically bed-headed portrait, a creature sets in a trance; his eyes devolved and vestigal, his third eye open but hardened and in a form resembling a Sharingan. The imagery therefore expresses an awareness existing in corporeal introspection. The creature’s mind sprouts, on the left side, an emerging face, grinning. To the right side of the head, red tentacles and fingers intertwine–a collaboration of invertebrate and vertebrate consciousness cooperatively handling paint brushes of the sort used to build an oil painting. The neck and throat bristle with random thorns, as from a rose or the upper portions of a beak sprouting from its flesh. The neck itself disassociates into layers of membranous material, terminating upon an abstracted base of convoluted forms composing its body. The nose is virtually non existent, more a sinus reiterative of the shape of the third eye. Set against the exposed teeth peering out of thick, meaty cheeks, a skeleton-like impression results. That impression sets behind a visceral set of lips and tongue, which is the creature’s prime seat of awareness. Sensual, organic, the tongue organ hangs, meaty, and with consciousness of a sea cucumber. It illuminates at the tip, drawing the attraction of a nearby moth–with mystery of purpose.
Domestic - 2017
“Domestic is the manifestation of the cultural patriarchy in my home. The wooden "woman's" tragedy of false desire. It was done in a moment of breakup. The hollow 3d body & its lost eyes, invites you to fill up. Trying to reach out, encumbered and wrapped in its own fragility, the new mother rises."