Binance Launches NFT Project of the Year Poll with Physical Award for Winner

June 28 (Cointime) - Binance has launched a poll for users to vote for their favorite NFT project, with the winner receiving a physical Binance award. The nominees include popular projects such as The Bored Ape Yacht Club and Azuki.

Despite a challenging year for NFTs, the poll highlights the resilience of 'blue chip' projects that have faced FUD and price declines. You can vote for your preferred NFT project on the Binance Awards poll before the winner is announced on July 3rd, 2023, at 12pm UTC.

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NFT market total sales fell 26.2% to $46 million in June

On July 8th, Binance Research's latest report showed that the crypto market experienced a significant downward trend in June 2024, with an overall decline of up to 11.4%. Due to the market downturn, the TVL (total locked value) of DeFi decreased by 8.7% in June. The NFT market also continued to be sluggish, with a total sales volume of $46 million in June, a decrease of 26.2% compared to May. The monthly sales volume of DMarket, the in-game item trading platform for Mythos, was the highest at $18.9 million, followed closely by CryptoPunks with sales of $16.1 million. The sales of top-tier ordinal series such as BitcoinPuppets and NodeMonkes decreased significantly, by 40.6% and 41.0%, respectively. BoredApeYachtClub's monthly sales volume slightly decreased, while PudgyPenguins performed better than the market, rising by 68.9%.
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