09/10/2024 NFTs weekly sales volumes hit highest level since August

NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August.

NFTs weekly sales volumes hit highest level since August

NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August.

Weekly sales volumes of non-fungible tokens (NFTs) hit the highest since August after weeks of lagging sales amid a broader market downturn.

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Datafrom theNFTmarket tracker CryptoSlam! shows weekly sales between Sept. 30 and Oct. 6 topped out at more than $84.9 million.

It’s the highest weekly NFTsales volume sincethe week ending Aug. 25, when it exceeded $93 million.

Artists, Tokens, Data

Weekly sales volumes for NFTs have suffered a downward trend since August. Source: CryptoSlam!

At its peak, the weekly sales volume for NFTs was over $2.2 billion, which it achieved from Aug. 23 to Aug. 29, 2021, according to CryptoSlam!

At the same time, three of thetop five blockchainsfor NFTs registered lower trading volumes, with Bitcoin BTC $62,206.50, Ether ETH $2,441.71 and Solana SOL $143.21 losing ground compared with the previous week.

Mythos Chain led the pack in gains, with a large spike to second place next to Ethereum, with over $15 million in sales, a more than 6,000% gain in the last seven days.

Polygon was also in the green, with a 210% rise in weekly sales volume.

Artists, Tokens, Data

Only two of the top five NFT blockchains were in the green for the week. Source: CryptoSlam!

NFT collection Dmarket had the highest sales in the last seven days, with over $14 million across 537,714 transactions.

Apart from the increase in total weekly volume, the number of NFT buyers also increased, with CryptoSlam! data showing more than 839,000 NFT buyers in the last seven days, an almost 22% boost from the previous week.

There was also a significant increase in transactions, with over two million total recorded, more than a 71% jump from the week before.

The broader NFT market is still struggling to regain ground and the highs of previous years.

Data from CryptoSlam! shows that NFTs recorded $303 million in sales in September, down from $373 million in August.

So far, the market’s strongest month for 2024 was March, when it recorded $1.6 billion in sales volume.

An Aug. 20 report by NFT Evening analysts suggested that 96% of about 5,000 NFTcollections they examined were dead in 2024, with over a third kicking the bucket in 2023.

The average lifespan of NFT collections was found to be just over a year.

Arts

https://cointelegraph.com/news/nfts-weekly-sales-volumes-hit-highest-level-since-august

Interesting NFTs
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
Michael Jordan - Crown Collection
“All you needed was one little match to start that whole fire.”- Michael Jordan. In regards to both the action on the court and everything that happened off of it, Jordan provided a spark that changed the future in so many different ways throughout his tenure in Chicago, and even decades after the fact. And, in the end, he got everything that he wanted when he began his NBA journey: he turned the team and organization as a whole into a respected program, like the dynasties he looked up to as a child. Having steered the Chicago Bulls to an incredible six championship rings in eight years from 1991-1998, scooping up five MVP awards in the process, Jordan is one of just a handful of superstars who have truly transcended their sports. Jordan and Scottie Pippen’s (right) relationship both on and off the pitch was arguably the foundation of the Bulls’ incredible success. Scottie Pippen was present with Jordan for all six championships in eight seasons. Dennis Rodman (left) His relentless and smart play perfectly suited what Jordan and Jackson wanted to do to take the Bulls to greater heights. Although his exploits off the court earned him special fame, Rodman was unquestionably one of the greatest basketball players of his generation and one of the finest defensive players in the history of the game.
Wink
The eye of providence blinks. Originally posted to tumblr June 26, 2012.
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