The non-fungible token (NFT) market is once again attracting crypto investors, as evidenced by the record sale of a Bored Ape NFT for over $2.3 million.
Sale of Bored Ape NFT
Data compiled by CryptoSlam indicates that a crypto investor purchased the Bored Ape Yacht Club #7940 NFT over the weekend for $2,348,509. This sale became the most expensive one last week.
NFT Market Recovery
This event suggests that despite the significant downturn in the NFT sector, investors remain willing to invest in NFTs. The Bored Ape Yacht Club, launched by Yuga Labs, gained widespread recognition in 2021 due to its unique design and the sense of exclusivity it offered.
Recent NFT Sales
In the past week, the NFT market achieved an impressive trading volume exceeding $140 million. Sales of CryptoPunks contributed over $18 million, while the Bored Ape Yacht Club added approximately $5.8 million to the total.
The recent success in the NFT market may indicate a revival of interest in NFTs, suggesting new potential for investors in this space.
