Recent popular collections such as blue-chip NFTs have also witnessed an increase in individuals buying and selling within the preceding week. Naturally, this places newfound volume behind NFTs as investors look for fresh plays within the crypto sphere, seeing traditional cryptos like Bitcoin and Ether stabilize.
According to CryptoSlam, NFT has risen by about 13% in the past week, attaining a sales volume of $92 million. The number of buyers and sellers increased by more than 75% in the last week of August.
Blue-Chip NFT Collections on the Rise for Sales
Data on CryptoSlam also reveals that blue-chip NFT projects are still dominating the recent surge. Firstly, the NFT project CryptoPunks sold over $7 million in just the last week, which400% more than the previous week.
Similar to the floor price, Bored Ape Yacht, Pudgy Penguins, Azuki, and Mutant Ape tokens have also increased by 29%, 9%, 13%, and 17%, respectively. The NFT floor value is the lowest price an individual can purchase an NFT within a collection.
CryptoPunk NFT sold at 80% Discount
Not long ago, for example, an NFT associated with CryptoPunk was auctioned at $23. But a piece, estimated at $2 million in 2022, was resold at 80% off for 1,500 ETH or approximately $3,000. Deepak Thapliyal, the original owner who bought it for 8,000 ETH, officially said bye to the token on X (formerly ex-Twitter).
However, the new buyer, VOMBATUS, reacted positively to the news and later said he had received a “free” token at such a low price.
CryptoPunk #5822 was then relisted for 5000 ETH, which, if sold at this price, Thapliyal lost as much as 45% of what he invested. On the other hand, news of organizations reducing their stake in NFT space has emerged.
Recall that the global coffee giant Starbucks discontinued its NFT-based rewards platform in March. January saw video game retailer GameStop close down what had already down-scaled as NFT and cryptocurrency services since the previous year. Later, under the ownership of Elon Musk, X eliminated an option for premium subscribers to utilize NFT images as profile pictures.
