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Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility

Non-fungible token (NFT) sales have shown resilience amidst a turbulent week for the crypto market, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. There has also been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded in the previous week. The Ethereum blockchain contributed a significant portion of the total sales, amounting to $124.7 million, while $22.66 million came from the Solana blockchain. Bored Ape Yacht Club emerged as the top-performing NFT collection this week, with sales reaching $16.38 million. Cryptopunk continues to dominate the NFT market, with the highest floor value followed closely by Bored Ape Yacht Club. Notable NFT collections that have experienced a double-digit floor rise include BAYC, Mutant Ape Yacht Club, Autoglyphs, and the Captainz.

(By Jamie Redman)

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