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Weekly NFT Sales Drop, Unique Buyers Surge Amid Coinbase’s New NFT Airdrop

Total weekly global non-fungible token (NFT) sales dropped by 72% this week from the previous week, with the number of unique buyers surging 75%, after cryptocurrency exchange Coinbase introduced its own Layer 2 blockchain that came with free NFT airdrop.

Total weekly NFT sales shrank to US$203 million in the seven days from Feb. 24 to March 2 from US$747 million in the previous week, according to data from NFT aggregation site CryptoSlam.

Notably, the number of unique buyers strengthened to an all-time high of 165,840 on Feb. 26, and the weekly total rose by 74.9% from the previous week. The total number of unique sellers, however, dropped by 12.7%.

(By TIMMY SHEN)

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