Bored Ape NFT Sells for +$1.6M – Are NFTs Back?

The global non-fungible token sector is seeing a comeback, marked by an increase in sales volume. Over the past 24 hours, the global NFT market generated $30 million in sales volume, an increase of more than 43% from the previous day. This NFT resurgence is fueled by a combination of factors, including an expansion of use cases beyond just digital art, such as ticketing, gaming, and loyalty programs.

Daily NFT sales jump +43% to $30 million

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and non-fungible token collection explorer that tracks the non-fungible token collections of 20 blockchain networks, shows that the global non-fungible token market has significantly increased the sales volume of exchanges. Over the past 24 hours, the NFT marketplace generated $30 million in sales volume. During this period, NFT sales volume jumped 43% compared to the previous day.

Ethereum, the flagship blockchain for non-fungible tokens, is once again the most traded blockchain network in the NFT market. Over the past 24 hours, the Ethereum-based NFT series recorded $18 million in commercial sales volume. Meanwhile, Ethereum NFT sales volume soared +60% from the previous day. Avalanche is the second most traded NFT collection on the NFT marketplace today, with a sales volume of $3.4 million.

BNB Chain, a renowned blockchain network of the crypto exchange platform “Binance” and Mythos Chain, a blockchain network facilitating transactions in the Mythical gaming ecosystem, are the third and fourth most traded blockchain networks in the NFT market today. Over the past 24 hours, the BNB Chain-based NFT collection has accumulated a commercial sales volume of $2 million, while the Mythos Chain NFT collections have accumulated a commercial sales volume of $1.9 million.

Bored Ape NFT sells for $1.6 million

The global NFT market boom seen today is fueled by a combination of factors, including the sale of an NFT collection from Bored Ape and recent hype around TokenWork’s NFT strategies. Earlier today, Bored Ape Yacht Club #1876 successfully exchanged hands for over $1.6 million, pushing Ethereum NFT sales volume to greater heights. This Bored Ape NFT is part of Bored Ape Yacht, a globally recognized non-fungible token collection from Yuga Labs including a limited edition of 10,000 NFTs stored on the Ethereum blockchain network. This mega sale demonstrates the return of NFTs.

source: cryptoslam.io

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