Crypto Economy’s Downward Spiral Begins to Plague NFT Sales
NFT sales are down this week as seven-day sales metrics show across 16 different blockchains, NFT sales slipped 42.85% lower than last week. Sales stemming from Ethereum were down 44.83%, but the top eight blockchain networks by NFT sales were all down this week.
Solana sales are down 19.65%, Polygon NFT sales slid 35.63%, Flow sales are 36.19% lower, and Avalanche NFT sales are down 29.26%. Tezos, however, saw NFT sales increase 51.09% higher than the week prior.
Despite Ethereum-based NFT sales dipping by more than 42%, ETH-based NFTs saw $828.7 million in sales which is 88.17% of the $939.8 million in seven-day NFT sales. The top NFT collection this past week is the Otherdeed NFT compilation which has seen $189.3 million in sales.
Although, Otherdeed sales are down 71.39% during the past seven days. An NFT project called Projectpxn holds the second position in terms of weekly sales with $89.6 million. The NFT project called Beanz has sold $68.4 million in NFTs and sales are up 193.53% higher than last week, according to metrics stemming from cryptoslam.io .
The most expensive NFT sold during the last seven days was Bored Ape Yacht Club (BAYC) 17, which sold four days ago for 410 ether or $1.12 million. Bored ape 17 was followed by Otherdeed 33, and that NFT sold for $979K or roughly 333.33 ether.
An NFT called Ken Hicks sold for 332.52 ether or $849K and Otherdeed 54 exchanged hands for $791K or roughly 50,000 APE five days ago. Otherdeed 66,813 sold a day ago for $776K or 303 ether and Otherdeed 26 exchanged hands for $733.5K or 249 ether five days ago.
What do you think about this week’s NFT sales volume dropping 42% lower than last week? Let us know what you think about this subject in the comments section below.
Fonte: bitrss.com
