The non-fungible token (NFT) market is recovering after a downturn. Key factors contributing to this resurgence include new practical applications for NFTs and high trading volumes.
Current Trends in the NFT Market
The recent surge in interest for NFTs is linked to their applications beyond digital art and collectibles. This month, daily trading volume for NFTs has again surpassed $20 million.
Top NFT Collections of the Week
This week there is a strong demand for the following collections:
1. **Pudgy Penguins** — $2.2 million, market cap $443 million. 2. **Courtyard.io** — $989,462, market cap $2.4 million. 3. **Lil Pudgy** — $624,261, market cap $119 million. 4. **CryptoPunks** — $623,140, market cap $1.5 billion. 5. **Bored Ape Yacht Club** — $576,927, market cap $409 million. 6. **Milady Maker** — $281,795, market cap $281,795. 7. **Mutant Ape Yacht Club** — $263,394, market cap $118 million. 8. **Liberty Cats** — $233,240, market cap $197 million. 9. **Froganas** — $199,603, market cap $885,939. 10. **Project AEON** — $66,065, market cap $17 million.
Uses of NFTs Beyond Art
NFTs are finding applications in various sectors including gaming, virtual reality, and the tokenization of physical assets. These new scenarios expand our understanding of how NFTs can be utilized in the real world.
We are interested in further trends in the NFT market. The return of interest in this segment may lead to new innovations and practical uses for non-fungible tokens.
