This week, the non-fungible token (NFT) market saw several notable events and trends that caught the attention of investors and collectors. Trading volume increased by 17%, reaching $145.3 million, driven by a significant 50% growth in sales of digital artifacts based on Bitcoin.

Analysts noted that among platforms, Ethereum Name Service (ENS) emerged as a leader with transaction volumes exceeding $4.27 million, highlighting the market presence and attractiveness of the project for investors. High activity was also observed on traditional NFT platforms Magic Eden and Blur.

This week, the studio Animoca Brands Japan announced the launch of its own NFT platform named Sorah, set to be released on June 18. The platform aims to facilitate the creation and trading of tokens, supporting the development of the digital collectibles market in Asia. Additionally, the Ethereum-based game Parallel was launched on the Epic Games Store, marking a significant step in integrating NFTs with traditional gaming platforms.

The concept of reputation-based NFTs is also gaining traction, as seen in discussions within ArbitrumDAO. Overall, analysts note that the industry continues to evolve, demonstrating increased user activity, platform diversity, and the emergence of new trends shaping the future of the sector. Collectors and investors are advised to stay informed to effectively navigate the rapidly developing field.