NFT Continues To Break Record Sales Hitting $1 Billion In August-End

The popularity of the NFT market has continued to surge as the bearish markets have persisted, as it has consistently been the leading performer among the top 20 cryptocurrencies by market capitalization. Today, the NFT market was able to break a record, as it has reached a milestone of over $1 billion in total market value, the first time it has seen this level of dominance.

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NFT’s popularity and adoption have skyrocketed in recent years. The number of NFT users is growing, and investors are flocking to the technology. The NFT sales speak volumes about the company’s progress since the beginning of the year. In the first half of 2021, non-fungible tokens were nearly worth $2.5 billion.

Significantly, NFT sales continue to exceed previous highs. Last week’s data indicate that NFT sales surpassed $1 billion, while this week’s figures show $821 million in NFT sales. According to nonfungible.com, cumulative sales across all marketplaces and NFT collections have exceeded the all-time high (ATH) of $1 billion in seven days.

Furthermore, according to statistics from the first week of September, sales totaled $821 million. According to the dappradar.com week chart, Cryptopunks were the best selling NFT for the previous week. It has a volume of $246 million and has risen to 7.32 in less than a week.

Following that, Mutant Ape Yacht Club (MAYC) is the second-largest collection of NFT in terms of volume. During the week, it generated $210 million in trading volume. “The Loot for Adventures,” which reached $150 million in seven days, is the third-largest collection by volume.

In terms of volume, the best NFT collections include

The NFT Marketplace OpenSea is at the top of the list.

Following The Loot of Adventures, Axie Infinity is in fourth position in terms of trade volume. Art Blocks, the fifth-largest volume in the NFT library, brought in $144 million in a week. 

According to Daapradar.com, OpenSea is the most popular NFT marketplace. Following OpenSea, Axie Infinity is the second most popular NFT marketplace and a profitable game platform. SuperRare, Hic et nunc, NBA Top Shot, and Rarible are the other NFT marketplaces on the list.

As a result, the highest NFT sale in the past 24 hours was Bag #748 from The Loot for Adventures, which sold for $945K or 250 ETH. Bag #748, which sold for $755k or 200 ETH, is followed by Bored Ape Yacht Club #17. Following that, AI Generated Nude Portrait, Fidenza #167, Wave 2, and CryptoPunk #6622 round out the list.

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