The NFT market experienced a significant growth in Q1 2023, with sales volumes of almost 11.5 million NFTs and a volume of $4.54 billion. This growth can be attributed to the launch of Blur, a marketplace for professional traders, which has attracted the involvement of the crypto community.

However, there was a brief dip in April and the downward trend seems to have continued into the first days of May, although the forecast for Q2 2023 is positive. The top 3 collections with the highest volume in the last 7 days were those of Azuki, Bored Ape Yacht Club and DMarket, generating a total volume of $31.3 million.