18/11/2024 NFTs weekly sales surge 94% as crypto market continues bullish run

The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days.

NFTs weekly sales surge 94% as crypto market continues bullish run

The Ethereum network led the week with $67 million in NFT sales, while Bitcoin-based NFTs recorded $60 million in sales over the last seven days.

Non-fungible tokens saw a weekly sales volume of $181 million, fueled by significant gains in Bitcoin and other cryptocurrency markets.

NFT volume hits 6-month high, but still 90% down from 2021
Nike NFT: the company RTFKT will cease its activity in January 2025
New York City photographer exhibits NFT at Superchief Gallery

On Nov. 17, digital collectible data tracker CryptoSlamshowedthat NFTs recorded a sales volume of $181 million over the last seven days. The data shows a 94% increase compared to the week before, when NFTs only had a $93 million weekly sales volume.

Top blockchains by sales volume in the last seven days. Source: CryptoSlam

Ethereum led all blockchains with $67 million in NFT sales for the week, a 111% increase from the previous week. Bitcoin followed closely, registering $60 million in NFT sales — a 115% week-over-week surge.

Meanwhile, Solana, Mythos Chain, Immutable, Polygon and BNB Chain collectively recorded a weekly sales volume of $45.5 million.

In addition to rising sales volumes, the average value of an NFT transaction grew substantially. Over the past week, the average NFT sale was valued at $133.08, an 87% jump from the prior week’s $71.11.

NFTs continue sales momentum

The surge in weekly NFT sales volume comes as the market saw a resurgence, breaking its downturn in the monthly sales charts.

In October, digital collectiblesrecorded $356 million in sales, up 18% from September when NFTs hit a record monthly low of about $300 million. This breaks a seven-month downturn for digital collectibles.

Apart from sales volumes, NFT transactions also increased in October. The total transaction count for NFTs in the month reached 7.2 million, a 42% increase compared to the previous month.

NFT’s bullish momentum comes amid a crypto market surge

The surge in NFT sales volumes comes amid a bullish momentum in the broader crypto markets. In the daysafter the United States elections, crypto markets rallied, with Bitcoin leading the charge.

On Nov. 13, Bitcoin reached a new all-time high of $93,477. At the time of writing, the asset trades at around $91,000 with a market capitalization of $1.8 trillion.

Arts

https://cointelegraph.com/news/nft-weekly-sales-crypto-market-surge

Interesting NFTs
Who's in control?
In a society where everyone wants to control everyone, who's in control? "Who's in control?" is a mirror of a controlling society, a futuristic vision of a current reality. Artwork with three different states in all Layers (day, night and sunset) allows owners to make different combinations and show who is in control of this artwork! *** Scanning this artwork with the ARize app [https://arize.io/] will trigger an AR video experience*** ***Music used in the videoart by Midranger (feat. Holly Drummond) - "Unrequited" ***
Cypher::Prophet
Cypher::Prophet is an artwork dedicated to the punk origins of blockchain designed and realized by hackatao and hex6c. In the transposition into images we started from the iconographic canons of the hacker (hoodie, laptop, cryptographic elements) and associated them with the figure of the prophet, thus highlighting the predictive nature of the works of Eric Hughes (Cypherpunk Manifesto, 1988) and Timothy C. May (Crypto Anarchist Manifesto, 1993) as well as of the blockchain inventors Stuart Haber and Scott Stornetta (How to Time-Stamp a Digital Document, The Journal of Cryptography, 1991). Read the full story on https://medium.com/@hex6c/cypher-prophet-the-punk-origins-of-blockchain-1e8fce311e72
Tile [7, 13] - The Notch
7 13
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.
Cerulian Cutie
Uh, hi! I'm Cerulian Cutie. I'm often referred to as the Niles Crane of the group. My great-great-great-great-great-great grandkitty lived with Cleopatra. I like your face.