22/01/2024 Ethereum NFT sales heat up with boost from CryptoPunks, BAYC

  • Ethereum network recorded sales worth $19.8 million in the last 24 hours.
  • CryptoPunks, BAYC, and Pudgy Penguins lifted Ethereum to the top in recent days.

After a brief scare,Ethereum [ETH]has reclaimed its position as the top blockchain fornon-fungible token (NFT)trading activity.

According to AMBCrypto’s analysis ofCryptoSlam’sdata, the Ethereum network recorded sales worth $19.8 million in the last 24 hours, more than twice that of second-rankedSolana [SOL].

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Moreover, Ethereum was the top blockchain over the last week as well, with more than a $100 million in sales of NFTs.

Source: CryptoSlam

Ethereum reclaims numero uno rank

AMBCrypto noticed that the gap between Ethereum andBitcoin [BTC]started to widen again following the latter’sstupendous performancelate last year.

Driven by surge in demand for Ordinals, Bitcoin-based NFTs topped the charts in December, pushing traditional powerhouse Ethereum to the second rank on the list.

However, the new year turned out to be game changer for Ethereum, with marquee collections like CryptoPunks and Bored Ape Yacht Club (BAYC) rising to the occasion.

Blue-chip collections exert dominance

As per CryptoSlam, CryptoPunks was the top-selling NFT collection in the last 24 hours, recording over $4.7 million in sales.

In fact, the largest collection by market cap saw its floor price hitting a nine-month high of 59.95 ETH as of this writing, AMBCrypto spotted using NFT Price Floor data.

In the world of NFTs, floor price is considered as an important barometer of a collection’s popularity. Therefore, high floor price might signal that interest in that project is increasing.

Source: NFT Price Floor

The other prominent Yuga Labs-owned entity BAYC stood at the sixth position, with $1.19 million in trading volume.

BAYC also registered a 24-hour change of 1.84% in its floor price, seen at 24.849 ETH as of this writing.

Don’t ignore Pudgy Penguins

However, if one were to analyze the past week’s statistics,Pudgy PenguinsNFT collection seemed to have done the heavy-lifting.

The collection of unique 8,888 cartoon NFTs featuring adorable penguins recorded $9.1 million in cumulative sales in the last seven days, marking a 6x jump.

Arts

https://ambcrypto.com/blog/uniswap-prices-jump-11-over-this-major-upgrade-more-here/

Interesting NFTs
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier Arrés’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, Arrés, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, Arrés uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, Arrés elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. Arrés presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, Arrés freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier Arrés: https://javierarres.com/about.html
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