02/12/2024 NFTs hit $562M in monthly sales volumes, recording six-month high

NFTs had a monthly sales volume of over $562 million in November, surpassing October’s record of $356 million.

NFTs hit $562M in monthly sales volumes, recording six-month high

NFTs had a monthly sales volume of over $562 million in November, surpassing October’s record of $356 million.

Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.

Pudgy Penguins’ PENGU token down more than 50% after launch
Pudgy Penguins NFTs Hit New ATH amid Decline of Rival Collections
CNY native Joe Bonamassa auctioning off ‘game-changing’ NFT for $350,000

On Dec. 1, data company CryptoSlamshowedthat NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is the highest since May, when digital collectibles had a $599 million sales volume.

NFT sales volume from May to December 2024. Source: CryptoSlam

Despite the surge, NFT monthly volumes are still far from their peak in 2024. In March, digital collectible sales volumes recorded a yearly high of $1.6 billion. However, this was followed by a seven-month slump, with each month’s sales volume decreasing until itreached its lowest pointsince 2021.

CryptoPunks floor price surges by 52%

As the broader crypto markets surged, popular NFT collection CryptoPunks also had an impressive record in November. According to crypto data website DefiLlama, the NFT collection had a floor price of 26.3 EtherETH $3,584.70on Nov. 1. By Nov. 30, CryptoPunks’ floor price hadrisento 39.7 ETH, worth about $147,000 at current market prices.

CryptoPunks floor price data from September to November. Source: DefiLlama

CryptoSlam data alsoshowedthat CryptoPunks had a 30-day sales volume of more than $49 million, a 392% increase compared to the previous month. The collection also recorded 388 sales transactions, 213% more than in October.

Apart from CryptoPunks, the Pudgy Penguins collection also had an impressive November. The collection’s monthly sales volumesurged262% month-on-month, with $16 million in volume.

DefiLlama data alsoshowsthat Pudgy Penguins’ floor price rose from 8.7 ETH on Nov. 1 to 13 ETH, or roughly $48,000, on Nov. 30, a 49% increase.

Ethereum, Bitcoin leads NFT comeback

The Ethereum network led the month with over $216 million in sales volume, a 12% increase from October.

In terms of percentages, Bitcoin recorded the highest increase among the top blockchains for NFTs. The network had $186 million in sales volume, a 99.44% surge from October.

Meanwhile, Solana, Mythos Chain, Immutable, Polygon and BNB Chain collectively recorded $162.9 in NFT sales volume for November.

Arts

https://cointelegraph.com/news/nft-monthly-sales-volume-562-million-november

Interesting NFTs
My Other Half | Inspired by Minecraft: The Last Minecart (2011)
Almost every year, we capture ourselves in a way that no photo or video is capable of: with a photoscan. If you dig through our archives, you'll find many of them and can see exactly how we change over time. Sam Gorski, Creator | I wanted to find the oldest scan of myself and put him side-by-side with Sam from the present. While it is hard to look at it and not miss the years past, at the same time, this gives me hope for the future by embracing and cherishing the change in my life. How would I have gotten this far without him? About This Piece | Sam on the left was captured in 2014, while Sam on the right was captured last week (2021). This work represents the personal, creative, and emotional journey in all of us, and the hope that ourselves tomorrow may be better than ourselves today.
Ocean Front (Beeple)
Cinema 4D, Octane render, Photoshop Everyday #4344
#62210
By OthersideDeployer
Digital beast
Imagine Shastra By Dooydodooom
Originalplan® - Series 1 - Raw Cut Diamond Be@rbrick
The Be@rbrick series is a project around creating unique Be@rbrick designs. Originally it started as a daily project so each design was created on a daily basis. The concept and idea is based on the subcultural phenomenon of collectibles and designer toys. Raw Cut Be@rbrick is made of several hundreds of diamonds and is only availabe as a 1/1 limited edition collectible. Format : 3D Render. File: JPG * size: 5120 × 2880px After purchase a hand signed Glichē print will be sent to the address of your choosing. Limited to: 1/1 digital pieces.