23/12/2024 304 Million In 7 Days: The Ethereum NFT Market Explodes

The Ethereum-based NFTs have reached an impressive weekly sales volume of 304 million dollars, marking a significant increase compared to the previous week. This performance highlights the growing importance of NFTs in the digital assets world and the heightened interest of investors in these unique collections.

A trader in a futuristic trading room with floating Ethereum NFTs

Ethereum NFTs reach 304 million dollars in volume

The collections ofNon-Fungible Tokens(NFTs) based on Ethereum experienced a spectacular increase last week, reaching a weekly sales volume of 304 million dollars. According to recent data, this rise represents a 76% increase compared to the previous week, where sales had reached 201 million dollars, accounting for 66% of the total NFT sales volume for the week.

Among thetop-performing collections, the Pudgy Penguins topped the rankings with sales volumes of 54.4 million dollars. The LilPudgys collection, from the same project, also recorded impressive sales, reaching nearly 20 million dollars. Other popular NFT collections like Azuki and Doodles also appeared among the top ten, with respective sales volumes of 18 million and 13 million dollars.

A constantly evolving market

The success of Ethereum NFTs is partly explained by the growing popularity of certain collections and the increasing interest of investors in digital assets. The Azuki Elementals, for example, saw a 226% increase in their sales volume compared to the previous week, reaching 7 million dollars.

In December, NFT sales volumes were particularly high, reaching 678 million dollars in just 21 days, surpassing the previous monthly record of 562 million dollars. This trend shows that the NFT market continues to grow, attracting more and more investors and collectors.

In summary, the performance of Ethereum NFTs last week underscores the growing importance of this technology in the digital assets world. With consistently increasing sales volumes and increasingly popular collections, Ethereum-based NFTs seem well-positioned to dominate the market fordigital assets in the coming months.

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Arts

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Interesting NFTs
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
"Rick and Morty" Total Rickall (TV Episode 2015) - IMDb
"Rick and Morty" Total Rickall (TV Episode 2015) - IMDb
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By OthersideDeployer