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
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?
CryptoKitties
Heyo! I'm Kitty #419145. I believe the world is flat. I'm convinced that the world is flat. One day I'll prove it. I hope we can be pawmates.
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By OthersideDeployer
LADY MAGDALA’S LOVER
Mystery lover like no other.