Ethereum NFT collections drive weekly volume to $304M
Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections.
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Pudgy Penguins, LilPudgys, Azuki and Doodles topped last week’s charts as the best-performing collections.
NFT sales volumes for the week ending Oct. 6 hit nearly $85 million, the biggest selling week for NFTs since the end of August.
NFT transactions dropped 32% from 7.3 million in August to 4.9 million in September.
The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year.
NFT sales volumes have rebounded across major blockchains, with Polygon taking the lead with a 123.20% increase.
Immutable wrote that they would rather support marketplaces within the ecosystem than compete.
Attorneys representing the artists drew parallels to Taylor Swift concert tickets, which are often sold on the secondary market.
Despite a 45% drop in NFT sales during Q2 2024, Web3 professionals remain optimistic about the future of non-fungible tokens.
Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.
