Bored Ape NFT #7940 sells for +$1.4 million

The global non-fungible token market, once characterized by meteoric rises and sudden falls, continues to show strong resilience and is slowly moving from a recovery mode to a strong market recovery in 2024. There are a few Just hours ago, a non-fungible Bored Ape token collection sold for over $1.4 million, proving once again that the non-fungible token market is still alive and kicking.

Last month, a report from nftevening.com revealed the worrying state of the non-fungible token market, with 96% of NFTs considered dead. The report examined 5,000 NFT collections and 5 million transactions to assess the current state of NFTs. This report highlighted the high rate of unprofitability among NFT holders and the short-lived lifespan of the majority of NFT collections. This report may lack relevance as the NFT market continues to record positive growth.

Bored Ape #7940 NFT sells for +$1.4 million

Data compiled by CryptoSlam.io, a comprehensive data aggregation platform that provides users with information on buying, selling and trading digital collectibles, confirms that the Bored Ape Yacht NFT collection Club #7940 sold for $1.43 million on the X2Y2 NFT marketplace platform. This mammoth sale caused the total sales volume of the Bored Ape Yacht Club NFT to surge by over 900% in the last 24 hours. Over the past 24 hours, the Bored Ape NFT collection generated $1.6 million in sales volume.

Launched in April 2021, the Bored Ape Yacht Club is a collection of non-fungible tokens from the digital asset incubation studio featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network. Holding a Bored Ape provides access to an exclusive Discord community and, occasionally, real-world parties. The Bored Ape NFT collection has grown exponentially to become one of the most acclaimed NFT collections in the NFT market.

NFT Market Health Check – Daily NFT Sales Jump 33%

The global non-fungible token market saw remarkable positive gains today after the sales volume of Bored Ape and other NFT collections exploded. Over the past 24 hours, the global NFT market accumulated $14 million in sales volume, up 33% from the previous day. During this period, Ethereum leads the NFT market with $6.5 million, up 147% from the previous day.

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