The non-fungible token (NFT) market has experienced a resurgence, with sales increasing by 10.95% this week compared to the previous week. This marks the second consecutive week of gains, despite a notable 76.7% drop in the number of buyers. Blockchain-issued digital collectibles achieved $141.73 million in sales, showcasing a robust market performance.
Following a 7.51% rise in NFT sales the previous week, the market continued its upward trajectory with a 10.95% increase this week. Total sales reached $141.73 million, with the most expensive NFT, an Ethereum Name Service (ENS) domain name, selling for $587,194 just five days ago. Protoshroom #6 followed as the second-highest sale at $237,373, and Polygon’s TTAvatars #1280003 sold for $100,500 three days ago.
Bitcoin led the week in NFT sales volume with $43.53 million, a 31.84% increase. Ethereum followed with $40.97 million in sales, up by 17.75%. Polygon ranked third with $17.51 million, though its NFT sales saw a 6.82% decline, according to cryptoslam.io stats.
This week has been particularly favorable for NFT sales, outpacing the previous two weeks. With Bitcoin leading in sales volume and significant increases in specific collectibles like ENS domain names, the market dynamics suggest a potential shift towards more unique digital assets.