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- The acronym NFT broke the records as per google trends while the term scored the maximum of 100 points.
- In the past 30 days, $2.73 Billion worth of NFTs were sold on various blockchains
- Axie Infinity, Bored Ape, Mutant Ape & CryptoPunks among top gainers
The world of cryptocurrencies has witnessed both ups & downs as it paces itself towards the mainstream. Apart from the launch of ETF & advertising exchanges, the rise of NFTs too are contributing towards the adoption of cryptocurrencies into the broader space in the world.
According to Google Trends, the acronym NFT which stands for Non Fungible Tokens received a perfect score of 100, the maximum score the data aggregator provides to a query. Tokens like NFTs picked up momentum when various film stars & celebrities dedicated to purchase & mint their own tokens, currently famous artists like Snoop Dogg & Logan Paul have reportedly purchased the tokens.
While the crypto markets are still in a gully, the NFTs market are in their extreme bullish phase recording their all time highs of soughts. According to a recent stat, $2.73 Billion worth of NFTs in the past 30 days across all the blockchains including Ethereum, Ronin, Solana etc.
ALSO READ – AS BEAR MARKET CONTINUES IN CRYPTOSPHERE, TVL IN DEFI WORLD SLEDGES MORE THAN 8%
The most sold pieces of NFTs comes from the esteemed Blockchains of Ronin relative to the game on its decentralized networks called Axie Infinity. Over the past 1 month, Axie Infinity has sold $219.5 million in NFTs. However, the blockchain based game has seen a 66.5% decline in its NFT sales in comparison to November 2021.
The runner ups include Clonex with sales of $212 million with Mutant Ape, Bored Ape & Cryptopunks recording month over month sales of $209 million, $196 Million & $144 million respectively. The most expensive sale was recorded by Ethereum based NFTs of Cryptopunks where the NFT 4156 was sold for $10.2 million in Ether.
The top NFT blockchain includes Ethereum (ETH) while recording over $2.3 billion out of $2.7 billion in sales. While Ronin & Solana happened to be the 2nd & 3rd best with a month over month sales of $219 million & $109 million respectively. However, Polygon saw the most amount of growth as it spiked by 98.93% while Ronin decreased by 66.51%. Ethereum recorded a modest growth of 34.41%.
As the cryptosphere gets more well versed with the world, tokens like NFTs are set to rise in trend while some experts also believe that the sale of NFTs would play almost a price bearer to their Native tokens.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
