23/10/2024 Solana, Bitcoin, and Ethereum Lead the NFT Market to a 20% Growth

Solana, Bitcoin, and Ethereum Lead the NFT Market to a 20% Growth

NFT Market Sees 20% Sales Growth This Week

The NFT market saw a notable recovery this past week, with $91 million in total transactions.CryptoSlam.io, a popular statistics website for the crypto market, reports that after a period of slow development, global sales have increased by 20.58% due to a surge in activity across multiple blockchain networks.

NFT Market Sees 20% Sales Growth This Week

Source: CryptoSlam

McDonald’s Collaboration Sparks Doodles NFT Floor Price Surge
NFTs weekly sales surge 94% as crypto market continues bullish run
Clothes That Don't Exist Are Worth Big Money in the Metaverse

In the NFT area, Ethereum remains the market leader with $32 million in transactions over the past seven days, a staggering 25.43% rise from the previous week. For huge, often requested NFT collections, Ethereum is the preferred platform.

Bitcoin is now second among the most active blockchain for NFTs.NFTs based on Bitcoin, including Runes and Bitcoin Ordinals, experienced a rise of 32% in sales this week, reaching $21 million. Bitcoin has become increasingly appealing to investors and collectors as frequent NFTs have grown in popularity.

With its swift and cheap transactions, Solana saw a 34% increase in NFT traded volume to $16 million. This increase ensures that Solana remains among the 3 most traded blockchain in the NFT market.Its adaptable environment continues to attract a lot of new NFT projects.

Mythos Chain, known primarily for supporting in-game assets, moved up to the fourth position this week with a 21.22% rise in sales, hitting $5.5 million. This performance allowed Mythos to surpass Polygon in overall trading volume, particularly within the gaming space.

The well-liked scaling solution for Ethereum, Polygon, completes the top five blockchains. Sales of NFTs based on polygons increased by a slight but steady 1.02% to $4 million. Despite growing more slowly than other blockchains, it is still a significant player in the NFT ecosystem.

A number of NFT collections also stood out this week. DMarket, part of the Mythos Chain, topped the charts with $5.2 million in sales, up by 22.2%. In the meantime, sales of Bitcoin’s Uncategorized collection grew by an amazing 1,652%, generating $4.8 million.

Sales of the consistently popular Bored Ape Yacht Club (BAYC) increased by 45% to $2.87 million, demonstrating its continued strength. Other notable collections include Guild of Guardians, which recorded $3 million in sales, and Ordinal Maxi Biz, which surged by 76% to $2.6 million.

Emerging collections are also making their mark. Froganas, a collection of humanoid frogs on Solana, enjoyed a 444% increase in sales, hitting $2.5 million. Another collection, Bitcoin Puppets, illustrated by a 12-year-old artist, continued to gain attention despite a 27% drop in sales this week.

Yuga Labs is in Lisbon, Portugal, planning for ApeFest 2024. This event, which focuses on investors of Bored Ape and Mutant Ape NFTs, will feature prominent people from the NFT and crypto sectors. The festival is expected to boost awareness of NFTs, which may result in another spike in sales. These events are key in building community bonds and restoring trust in the market.

The NFT sector appears to be recovering, with rising sales and increasing interest in new collections. As major events like ApeFest2024 approach, the market is likely to experience further growth, helping to solidify its presence and attract long-term interest.

Arts

https://nftevening.com/ethereum-leads-nft-sales-32-million/

Interesting NFTs
#10133
By OthersideDeployer
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
Ugh! I'm Kitty #354028. I'm a professional Spin Instructor and I love hamburgers. I put ranch dressing on everything. Like, everything: hot dogs, cantaloupe—everything! Can't wait to eat chocolate with you!
The Doomed #64/100
Tech won't save us.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.