July’s secondary NFT market sales fell to $650 million, a 25% drop from June figures. This is the second month in a row that NFT sales have been below $1 billion!
Also, a Nansen report revealed that over 963,227 ether worth over $2.7 billion has been spent on NFT minting just in the first six months of 2022. Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period. In comparison, about $107 million worth of NFTs were minted on BNB Chain and $77 million for Avalanche. A total of 263,800 unique wallet addresses were involved in NFT minting on the two blockchains.
On Monday, the trading volume of CryptoPunks surged by 1,847% over 24 hours. The surge in interest appears to be tied to luxury jewellery retailer Tiffany & Co. launch of its own NFT collection, which has a special perk for Punk holders!