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.

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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
Dai ni-danme (Act II), the house of Wakasanosuke. Honzo lopping the pine-branch, from the series Newly Published Perspective Picture of the Loyal Retainers
Katsushika Hokusai (1760-1849) Dai ni-danme (Act II), the house of Wakasanosuke. Honzo lopping the pine-branch, from the series Newly Published Perspective Picture of the Loyal Retainers 1801-1804 - Japan
Classical Collage
voronoi fun with some well known art
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
1103/2000 Limited Edition 1111
*hissing noises*! I'm 1103/2000 Limited Edition 1111. I'm often referred to as the Neville Longbottom of the group. When no one's home, I invite my pals over and we listen to Mariah Carey. Can't wait to eat steak with you!
Really Remote Working Part 1
Created during the lockdown period whilst being confined to the same place every day, this piece is part of a series of imaginary places that I dreamed of being able to work from.