Decline in digital collectibles – NFT sales fell more than 74% lower than the month before – markets and prices Bitcoin news

While digital currencies suffered in the last month, sales of non-fungible tokens (NFT) fell by 74.44% over the last 30 days. Data show that during the last seven days, NFT sales have fallen 17.33% lower than sales registered the week before. NFT floor values ​​for popular collections have picked up again this week in terms of ethereum value, but with the ether price so low, blue chip NFTs sell for much less than they did last month.

Data show that NFT sales continue to fall lower

At the same time as the crypto bear market, NFT sales and interest have withdrawn. Google Trends (GT) worldwide data shows that this week the keyword “NFT” has a score of 21 out of 100. The last time the keyword “NFT” saw a GT score of 100 was the week 16-22. January, 2022. The last month has been brutal for NFT sales, as the month before had $ 4.18 billion and 30 days later, $ 1.07 billion was recorded in sales of cryptoslam.io metrics.

Last week’s NFT sales across 18 different blockchains generated approximately $ 184,417,851 in sales, but that is 17.33% lower than the $ 223,085,710 recorded the week before. $ 151 million of the NFTs sold last week came from the Ethereum blockchain network, but ETH-based NFT sales fell over 18% this week. Monthly ETH-based NFT sales are down 76.38%.

Solana took the second largest number of sales last week with $ 22.31 million sold, up 3.56% higher than the week before. Binance Smart Chain (BSC) was the third-largest $ 3.16 million in sales, but BSC-based NFT sales fell 32.45% lower in the past week.

Meanwhile, the NFT collection with the highest floor value is Bored Ape Yacht Club (BAYC) as the floor value is currently 90 ETH. 30 days ago, the BAYC floor value was 95.5 ETH, which is relatively the same in terms of ether price. However, 95.5 ether was $ 204K last month and 90 ETH today is worth about $ 97K.

The floor value of the Cryptopunk’s NFT collection jumped by 40% over the last 24 hours to 66.65 ETH. Cryptopunks floor value 30 days ago was 51.9 ETH worth $ 111K and today’s 66.65 ETH floor is worth $ 71K.

The most expensive NFT sale this past month was the BAYC 7537 which was sold for 1024 ETH five days ago. BAYC 7,537 was followed by Otherdeed 90,209 which was sold for 235 ETH or $ 465K. The 40 most expensive NFTs sold in the last month came from just three collections that include BAYC, Cryptopunks and Otherdeed.

While BAYC 7,537 took the top spot this week as well as the entire month, the second most expensive NFT sale in the last seven days was Cryptopunk 2,964 for 444 ETH or $ 440K.

What do you think about the sale of the NFT market in the last month and how the crypto bear market has affected the NFT industry? Tell us what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is a news editor at Bitcoin.com News and a financial engineering journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols that are emerging today.