Last week, the total NFT sales volume increased by more than 56% to $170.48 million. Sales stemmed from 18 different blockchain projects and Ethereum captured $139.31 million of the aggregate, as expected.
While ETH-based NFT sales jumped by 95%, the second largest amount of sales stemmed from Panini-based NFT sales which increased by 74.27%. Ethereum and Panini were followed by Immutable X and Solana, respectively, in terms of week-over-week percentage increases.
The bestselling NFT collection this week has been Art Gobblers, as the collection accrued $51.78 million in total sales. Art Gobblers was followed by Bored Ape Yacht Club’s (BAYC) $9.45 million and the Keepers collection’s $8.57 million.
Elsewhere, a new report expects China’s NFT industry to grow by 69.5% on an annual basis to reach US$4882.5 million in 2022. One to look out for! 🇨🇳