Ethereum

Guild of Guardians

Immutable

<p>The non-fungible token market has collapsed again, with its trading sales volume plunging 12% again this week. The NFT crash is part of the wider general crypto sector wipeout, which has left most crypto assets, including the flagship crypto, Bitcoin, down in market price value. In this article, we shall assess the state of NFTs in the past seven days.</p>
<h2 id="nft-sales-fall-12-this-week">NFT Sales Fall 12% This Week</h2>
<p>Data fetched by <a href="https://www.cryptoslam.io/" rel="noopener noreferrer nofollow">CryptoSlam.io</a>, an on-chain crypto market data aggregator and non-fungible token explorer, shows that the global non-fungible token market has plunged again in trading sales volume this week. The global NFT market has amassed a trading sales volume of $90 million in the past seven days. The NFT market crash has revealed the pitfalls and challenges of the industry.</p>
<p><img decoding="async" class="alignnone  wp-image-560433" src="https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-Sales-in-the-past-7-Days-300x91.png" alt="NFT Sales in the past 7 Days" width="841" height="255" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-Sales-in-the-past-7-Days-300x91.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-Sales-in-the-past-7-Days-1024x309.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-Sales-in-the-past-7-Days-768x232.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-Sales-in-the-past-7-Days.png 1107w" sizes="(max-width: 841px) 100vw, 841px"></p>
<p>Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network and renowned in the non-fungible token market for powering most blue-chip NFT collections, is this week’s top-traded blockchain network in the NFT market. In the past seven days, the Ethereum-based NFT collections have raised a trading sales volume of $34 million. Ethereum NFT trading sales volume has surged 9.92% this week from the past week.</p>
<p><img decoding="async" class="alignnone  wp-image-560434" src="https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-sales-volume-by-chain-in-the-past-7-days-300x185.png" alt="NFT sales volume by chain in the past 7 days." width="845" height="521" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-sales-volume-by-chain-in-the-past-7-days-300x185.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-sales-volume-by-chain-in-the-past-7-days-310x191.png 310w, https://insidebitcoins.com/wp-content/uploads/2024/08/NFT-sales-volume-by-chain-in-the-past-7-days.png 670w" sizes="(max-width: 845px) 100vw, 845px"></p>
<p>Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, is this week’s second most-traded blockchain network in the NFT ecosystem. In the past seven days, the Solana-based NFT collections have attracted a trading sales volume of $17 million. Solana NFT trading sales have fallen 30% this week from the past week.</p>
<p>Bitcoin, the same blockchain network powering the flagship crypto Bitcoin and renowned in the NFT market for hosting Bitcoin ordinals, Runes and BRC-20 non-fungible token collections, is this week’s third most-traded blockchain network in the NFT ecosystem. In the past seven days, the Bitcoin-based NFT collections have attracted a trading sales volume of $14 million. Bitcoin NFT trading sales volume has fallen 17% this week from the past week.</p>
<p>Polygon, an Ethereum scaling solution blockchain network, is this week’s fourth most-traded blockchain network in the NFT market. In the past seven days, the Polygon-based non-fungible token collections have raised a trading sales volume of $8.7 million. Unlike Ethereum, Polygon NFT trading sales volume has plunged by 9.80% this week compared to the past week.</p>
<p>Immutable X, the leading platform for building web3 games on Ethereum and BNB Chain, a blockchain network that supports smart contracts and decentralized applications from the crypto exchange Binance, are this week’s fifth and sixth most-traded NFT blockchain networks. In the past seven days, the Immutable X -based NFT collection has amassed a trading sales volume of $4.9 million, while BNB Chain-based NFT has raised a trading sales volume of $3.7 million.</p>
<h2 id="top-selling-nft-collections-this-week">Top Selling NFT Collections This Week</h2>
<p><img decoding="async" class="alignnone  wp-image-560435" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Five-top-selling-NFTs-in-the-past-7-days-300x134.png" alt="Five top selling NFTs in the past 7 days" width="840" height="375" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Five-top-selling-NFTs-in-the-past-7-days-300x134.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Five-top-selling-NFTs-in-the-past-7-days.png 704w" sizes="(max-width: 840px) 100vw, 840px"></p>
<h3 id="1-sorare-nft-collection">1. Sorare NFT Collection</h3>
<p>Sorare, a non-fungible token collection from the play to win fantasy digital trading cards, Sorare, featuring the world’s best global football players, is this week’s most-selling NFT collection. In the past seven days, the Sorare NFT collection has raised a trading sales volume of $3.8 million. Sorare NFT trading sales volume has surged 42% this week from the past day.</p>
<h3 id="2-dogezuki-nft-collection">2. DogeZuki NFT Collection</h3>
<p>DogeZuki, a new non-fungible token collection featuring a fixed supply of 2,800 Shiba Inu-inspired digital items hosted on the Solana blockchain network, is this week’s second most-selling NFT collection. In the past seven days, the DogeZuki NFT collection has recorded a trading sales volume of $6.5 million. The DogeZuki NFT trading sales volume has surged 3.5% this week from the past week.</p>
<h3 id="3-guild-of-guardians-nft-collection">3. Guild Of Guardians NFT Collection</h3>
<p>Guild of Guardians, a non-fungible token series from Guild of Guardians, a renowned NFT RPG that allows players to take teams of heroes through challenging dungeons to collect redeemable resources, is this week’s third most-selling NFT collection. In the past seven days, the Guild of Guardians NFT collection has attracted a sales volume of $3.2 million. The Guild of Guardians NFT trading sales volume has surged 5.52% this week from the past week.</p>
<h3 id="4-bored-ape-yacht-club-nft-collection">4. Bored Ape Yacht Club NFT Collection</h3>
<p>Bored Ape Yacht Club, a non-fungible token collection managed by the digital asset incubation studio Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s fourth most-selling NFT series. In the past seven days, the Bored Ape NFT collection has raised a trading sales volume of $3.2 million, up 135% from the past week.</p>
<h3 id="5-cryptopunks-nft-collection">5. CryptoPunks NFT Collection</h3>
<p>CryptoPunks, another non-fungible token collection managed by the digital asset incubation studio Yuga Labs that features a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s fifth most-selling NFT series. In the past seven days, the Bored Ape NFT collection has raised a trading sales volume of $3.2 million, up 135% from the past week. The NFT market is expected to retest some revival in the coming days.</p>
<h4>Related NFT News:</h4>
<ul>
 <li><a href="https://insidebitcoins.com/news/sports-apparel-giant-adidas-sets-to-launch-a-new-nft-avatar-collection-in-q42024" rel="noopener noreferrer nofollow">Sports Apparel Giant Adidas Sets To Launch A New NFT Avatar Collection In Q4,2024</a></li>
 <li><a href="https://insidebitcoins.com/news/yuga-labs-joins-nft-artist-cory-van-lew-to-launch-an-art-program-for-children-in-miami" rel="noopener noreferrer nofollow">Yuga Labs Joins NFT Artist Cory Van Lew To Launch An Art Program For Children In Miami</a></li>
 <li><a href="https://insidebitcoins.com/news/nft-sales-fall-36-in-july-heres-what-you-should-expect-in-august-2024" rel="noopener noreferrer nofollow">NFT Sales Fall 36% In July – Here’s What You Should Expect In August 2024</a></li>
</ul>

NFT Sales Fall 12% This Week – Records A Trading Sales Volume Of $90M

Table of Contents

Inside Bitcoins

Other articles published on Aug 4, 2024

Bitcoin Faces Significant Price Drop

Harga Solana (SOL) Anjlok Akibat Skandal FTX: Apa yang Terjadi?

Exploring How Network Upgrades and Market Sentiment Shape MATIC’s Value along with the Best Ongoi...

Hot Picks: Altcoins with the Most Potential for 2024

Why Solana-based WIF whale’s $24M dump could spur 15% price drop

Crypto Weekly Recap: Ether ETF Live; Trump Shares Crypto Plans; WazirX Reveals Recovery Plan; & M...

Join our free newsletter for daily crypto updates!