GameStop

Rise

Recent popular collections such as blue-chip NFTs have also witnessed an increase in individuals buying and selling within the preceding week.&nbsp;Naturally, this places newfound volume behind NFTs as investors look for fresh plays within the crypto sphere, seeing traditional cryptos like Bitcoin and Ether stabilize.&nbsp;
&nbsp;According to CryptoSlam, NFT has risen by about 13% in the past week, attaining a sales volume of $92 million.&nbsp;The number of buyers and sellers increased by more than 75% in the last week of August.&nbsp; &nbsp;Blue-Chip NFT Collections on the Rise for Sales 
&nbsp;Data on CryptoSlam also reveals that blue-chip <a href="https://news.todayq.com/62-million-robbed-in-this-nft-game-exploit/" rel="noopener noreferrer nofollow">NFT</a> projects are still dominating the recent surge.&nbsp;Firstly, the NFT project CryptoPunks sold over $7 million in just the last week, which400% more than the previous week.&nbsp;
&nbsp;Similar to the floor price, Bored Ape Yacht, Pudgy Penguins, Azuki, and Mutant Ape tokens have also increased by 29%, 9%, 13%, and 17%, respectively.&nbsp;The NFT floor value is the lowest price an individual can purchase an NFT within a collection. CryptoPunk NFT sold at 80% Discount 
Not long ago, for example, an NFT associated with CryptoPunk was auctioned at $23. But a piece, estimated at $2 million in 2022, was resold at 80% off for 1,500 ETH or approximately $3,000. Deepak Thapliyal, the original owner who bought it for 8,000 ETH, officially said bye to the token on X (formerly ex-Twitter).&nbsp;
&nbsp;However, the new buyer, VOMBATUS, reacted positively to the news and later said he had received a “free” <a href="https://news.todayq.com/token-unlock-alert-1-5-billion-worth-tokens-set-to-unlock-in-august/" rel="noopener noreferrer nofollow">token</a> at such a low price.&nbsp;
&nbsp;CryptoPunk #5822 was then relisted for 5000 ETH, which, if sold at this price, Thapliyal lost as much as 45% of what he invested. On the other hand, news of organizations reducing their stake in NFT space has emerged.&nbsp;
&nbsp;Recall that the global coffee giant Starbucks discontinued its NFT-based rewards platform in March. January saw video game retailer GameStop close down what had already down-scaled as NFT and cryptocurrency services since the previous year.&nbsp;Later, under the ownership of Elon Musk, X eliminated an option for premium subscribers to utilize NFT images as profile pictures.

NFT Market Rebounds with 75% Spike in Buyers and Sellers

Todayq News

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