The non-fungible token (NFT) market has seen positive growth over the past week, with trading volume increasing by 10%. Investors are showing renewed interest in NFTs in new areas.
Overall NFT Market Growth
In the past week, the NFT market recorded a trading volume of $110 million, which is 10.36% higher than the previous week, when the volume was $102 million. Ethereum continues to be the leading blockchain network in NFT trading, with a volume of $36 million, up 5.12% from the previous week.
Top Selling NFT Collections
The top-selling NFT collection last week was Courtyard, with a sales volume of $11 million. DMarket also showed significant growth, increasing by 209% to $11 million. Other leading collections included CryptoPunks, Panini America, and Guilds Of Guardians Heroes.
NFT Market Predictions
The NFT market shows signs of stabilization and maturation after periods of high volatility. It is expected that the global NFT market will continue to grow in the coming months due to increased adoption of tokens in various sectors beyond art.
The increase in trading volume in the NFT market indicates a revival of interest and attention from investors, which could serve as a foundation for further development across various industries.
