Guild of Guardians

Bitcoin

Axie Infinity

Bitcoin NFT sales have skyrocketed by 29.36%, reaching $16.78 million, showing a spot in an otherwise gloomy market performance. In the past week, the digital collectibles market struggled, bringing in over $77 million, reflecting an 8.78% decline. 
<h3 id="span-style-font-weight-400-ethereum-and-solana-are-following-bitcoin-s-lead-span">Ethereum and Solana are following Bitcoin’s lead</h3> 
Ethereum-based NFT sales remained strong at $27 million, with an uptick of 4.95%. Bitcoin NFTs came in second with $16.78 million in sales. Meanwhile, the Solana NFT market saw significant growth, too, reaching $11.38 million, with a 2% increase in sales volume. 
These blockchain ecosystems showcase resilience amidst a <a href="https://www.cryptoslam.io/" rel="nofollow noopener" target="_blank">downturn</a> affecting the broader blockchain industry when compared with the exponential rise of Bitcoin NFT transactions.&nbsp; 
Mythos’ Dmarket was the best-selling NFT collection, bringing in slightly over $5 million. DMarket registered more than $600,000 worth of transactions and processes, and more than 25,000 transactions involved in-game assets. This has led to its establishment as one of the largest NFT collections in the world. 
Despite leading the pack, Dmarket experienced a 64.26% decline from the previous week. Bitcoin Puppets came in second with $3.46 million, up 78.52%, while Immutable X’s Guild of Guardians was third with $2.94 million, down more than 6%. 
<h3 id="span-style-font-weight-400-bored-ape-yacht-club-drives-high-value-sales-span">Bored Ape Yacht Club drives high-value sales</h3> 
The priciest NFT sale last week was the purchase of Bored Ape Yacht Club (BAYC) #7940 for <a href="https://www.cryptoslam.io/bored-ape-yacht-club/mint/7940" rel="nofollow noopener" target="_blank">$1.43 million</a>. This gigantic sale has pushed the total Bored Ape Yacht Club NFT sales volume up over 900% in the past 24 hours. 
Following BAYC was a Ronin blockchain <a href="https://www.cryptopolitan.com/axie-infinity-homeland-avatar-mode-is-live/">Axie Infinity</a> NFT that went for $90,107 and an Ordinal Maxi Biz collectible that sold for $83,627. 
While specific collections and blockchains saw gains, the overall drop in NFT sales signals a changing landscape for digital collectibles. Once characterized by meteoric rises and sudden falls, the non-fungible token market continues to showcase strong resilience. 
Last month, nftevening.com published <a href="https://nftevening.com/are-nfts-dead-2024/" rel="nofollow noopener" target="_blank">a research</a> that exposed the alarming situation of the non-fungible token market, with 96% of NFTs declared dead. The paper examined 5,000 NFT collections and 5 million transactions to determine the current state of NFTs. This analysis emphasized the high prevalence of unprofitability among NFT holders and the short duration of the bulk of NFT collections. This report may seem less relevant as the <a href="https://www.cryptopolitan.com/nft-market-moves-sideways-in-2024-50-drop/">NFT market</a> continues to experience positive growth.

Bitcoin NFTs jump 29%, defying sector-wide slump

Table of Contents

Cryptopolitan_News

Other articles published on Oct 14, 2024

Thai SEC Proposes Rules Allowing Mutual and Private Funds to Invest in Digital Assets

TON & TRX Price Drops Fuel Interest in Dogen Steady Gains

Elect Donald Solana Memecoin to Rally 15,000% Before Exchange Listing, As Shiba Inu and DOGE Lag

Surprising Moves in the Crypto Market: Which Coins Are Surging?

Neiro Price Surges 36%, Hits New All-Time High – is this Meme Coin About to Explode Next?

Lost Bitcoin Fortune in Landfill Sparks British Man’s $647M Legal Fight Against Council

Join our free newsletter for daily crypto updates!