Just this year already there has been nearly $1 Billion in 30 days with 41% increase of NFT sales. Bored Ape Yacht Club dominates the market and Ethereum leads with 78% of total NFT sales in January 2023 alone. The number of digital collectible transactions increased to more than 22% in the recent month.
NFT sales basically mirroring crypto assets in January 2023, reaching $997.53 million, a 41.96% increase from December 2022. Data from cryptoslam.io shows that out of 20 blockchain networks, Ethereum led NFT sales with $784.87 million, or 78.681% of the total for the month.
In terms of top-selling NFT collections in January 2023, Bored Ape Yacht Club (BAYC) NFTs alone generated $71.24 million in sales. BAYC sales increased 45% from December. Mutant Ape Yacht Club (MAYC) sales rose to 47.91% last month, generating $58.85 million in NFT sales and it doesn’t seem like this market is slowing down!
With that being said, what do you think the future of NFTs and blockchain technology will look like in the next few months? Comment and let us know what your thoughts are!