In the last week of June, the non-fungible token (NFT) market showed a positive trend with a 10% increase in trading volume.
Overall NFT Market Overview
According to CryptoSlam.io, the trading volume in the NFT market from June 22 to June 28 reached $127 million, up 10% from the previous week’s volume of $110 million. The Immutable network, known for supporting popular NFT games, became the most traded with a trading volume of $34 million, marking a 21% increase from the previous week.
Top Selling NFTs
Some of the top selling NFT collections this week include: 1. Guild of Guardians Heroes: $19 million 2. Courtyard NFT Collection: $15 million 3. DMarket NFT Collection: $8.9 million 4. Guild of Guardians Avatar NFT: $8.4 million 5. XSY Deposit NFT Collection: $6.6 million. These collections highlight the growing interest in NFTs, particularly in the gaming sector.
Future Predictions for the NFT Market
The NFT market is expected to continue growing, with projections forecasting a market size of hundreds of billions of dollars by 2030. Although the initial hype around digital art may have tapered, NFTs are finding new applications in gaming, real estate, and other areas, suggesting a sustainable future.
The increase in NFT trading volume indicates a recovery and evolution of the sector, focusing on practical use and fostering an engaged community.
