30/09/2024 NodeMonkes, Bitcoin Puppets lead as NFT sales rebound

NodeMonkes, Bitcoin Puppets lead as NFT sales rebound

The volume of non-fungible tokens in the Bitcoin network bounced back last week as the industry stabilized.

Bitcoin NFT sales rose

According toCryptoSlam, sales of Bitcoin (BTC) NFTs jumped by 56% in the last seven days to over $20 million. The number of buyers in the network rose by 48% to 29,403.

NodeMonkes, a relatively new collection, was the best-performingNFTin the ecosystem with over $3.4 million in sales and 302 transactions. Only Immutable X’s Guild of Guardian Heroes collection had more sales during the week.

Bitcoin Puppets had a sales volume of $3.03 million. That’s a 239% increase from the previous week.

Ordinal Maxi Biz, whose sales rose to over $1.89 million, followed. Taproot Witches, meanwhile, sold $1.3 million.

Ethereum, Solana

EthereumEthereumeth-0.69%Ethereumremained the most active network for NFT, handling sales worth $28 million. SolanaSolanasol-0.26%Solanahad $13 million in sales while BNB Chain had $3.7 million.

September has been another bad month for NFTs as total sales dropped by 48% to $318 million. Ethereum, Bitcoin, and Solana’s sales were $108 million, $63 million, and $61 million, respectively.

Bitcoin bounces back

The weekly NFT sales rose as the prices of most cryptocurrencies bounced back. Bitcoin rose to $66,000 for the first time since July while the total market cap of all coins jumped to $2.3 trillion.

Most importantly, the closely watched crypto fear and greed index rose to the greed zone of 60 for the first time in two months. Historically, traders move to riskier assets like stocks and cryptocurrencies when there is greed in the market — recently due tothe Federal Reserve‘s cutting of interest rates, China’s stimulus, and the ongoing drop in stablecoin holdings among smart money investors.

As shown below, the volume of stablecoin holdings among these investors has dropped to the lowest point in two years.

Stablecoin holdingsStablecoin holdings by smart money | Source:Nansen

The Nansen chart also shows that these holdings — after surging in 2022 as the FTX and Terra ecosystem collapsed — have been trending down since then.Smart money investors likely reduced their stablecoin holdings and shifted to cryptocurrencies and NFTs.

The key risk investors face with NFTs is that the industry has become highly saturated, with thousands of new collections. A recentreportreveals that 96% of more than 5,000 existing NFT collections are “dead.”

In other words, they have zero trading volume, no sales for more than seven days, and no activity on social networks.

Arts

https://crypto.news/nodemonkes-bitcoin-puppets-lead-as-nft-sales-rebound/

Interesting NFTs
The Slabs
The Slabs - Prixel Art Animation "She looks tired and gone in thoughts. Her arm must have cost a fortune. Definitely Sisma Corp but I can't make out the exact model." - Simon Corley, 2084, New Harbor - Music by the amazing Brian Woods. Unlockables: - Endless Random Loop App. (PC/MAC) - HD VIDEO (approx. 2 mins) - Animated GIF - Wallpaper & Print Ready PDF Dimensions: Video [1920x1080] App [Adaptive] I will send a Download Link to the buyer after purchase.
#8636
By OthersideDeployer
G2 Candy Collection
Ugh! I'm G2 Candy Collection. I believe the world is flat. I'm often described as fabulous, and I own it. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
Beautiful Worlds
Welcome to the ‘Beautiful worlds’ where nature and technology have merged into a single entity. These are Ai generated and hand finished visions of solarpunk future in which I would really like our future generations to live and prosper: the future we might have if we took the very “alternative route” which now lies before us: replacing states and corporations which free federations of communities and cooperatives, using decentralist and ecological technologies to create a world beyond economic scarcity and social hierarchy, defined by autonomy, mutual aid, diversity, and inclusiveness. The long-term goals of solarpunk are freedom and well-being for all by adopting and developing such ecological technologies as: solar, wind, wave and geothermal energy rather than oil or gas to generate electricity; a world of decentralized eco-cities, permaculture and vertical farming, free and open-source software, open-source hardware, small-scale fabrication laboratories, micro-manufacturing, 3D-printing, and countless examples of commons-based peer-production online: meeting the maximum amount of needs, in the shortest time, using the minimum possible amount of energy. It’s a world of decentralized and confederated eco-communities, using technology for human-centric and eco-centric ends rather than for accumulating power and profit – mending the metabolic rift between first nature (the natural world) and second nature (human culture) – and where social hierarchies of race, gender, sexuality, and disability are considered horror stories from the past “oil age”. Solarpunk desires societies of polycultural ethnic diversity and gender liberation, where each person is able to actualize themselves in societal environment of free experimentation and communal caring; This philosophy proposes that in order for the social and natural worlds to reconcile, humans must first transform their relations to each other – recreating society along egalitarian, cooperative, and democratic lines – and then transform their relations towards nature – adopting an attitude to cooperation, rather than domination, towards the planet and its nonhuman forms of life. Text by Connor Owens. This artwork took me a year to create and for you it will take a year to discover. Master autonomously updates once a day at 12am with one of 366 original artworks. Enjoy!
Noodle Rock
soft body spline & hair simulations in cinema 4d