According to data recorded on February 1, 2023, sales of non-fungible tokens (NFTs) increased by 41.96% from the previous month. Additionally, the number of digital collectible transactions increased by more than 22% last month.
Bored Ape Yacht Club Dominates, Ethereum Leads with 78% of Total NFT Revenue in Jan 2023
NFT sales reflected cryptocurrency sales in January 2023, increasing 41.96% from December 2022 to reach $997.53 million. Of the 20 blockchain networks, Ethereum led his NFT turnover with $784.87 million, or 78.681% of the total, according to data from cryptoslam.io. for the moon.
Solana recorded $150.4 million in NFT sales in the last 30 days, accounting for 15.07% of the total. The top five blockchain networks by NFT revenue are Cardano, Immutable X and Polygon respectively.
In terms of January 2023 best-selling NFT collection, Bored Ape Yacht Club (BAYC) NFT generated $71.24 million in sales. BAYC’s sales have increased 45% since December. Mutant Ape Yacht Club (MAYC) sales increased 47.91% last month, with NFT sales reaching $58.85 million.
Bored Ape Kennel Club (BAKC) NFT sales increased 309% month-over-month to total $42.33 million. The rest of the top NFT collections are Azuki, Otherdeed, Art Blocks, Sorare, Degods, Captainz, and Hausphases.
Sales for the top five NFT collections were $242.56 million in January, accounting for 24.31% of total sales. His top 10 NFT projects have total sales of $336.26 million, representing 33.70% of total sales of $997.53 million this month.
The most expensive NFT in the past month is BAYC #5,840, which sold for $796,444 four days ago. BAYC #4,025 sold 17 days ago for $613,501 and BAYC #8,483 sold 3 days ago for $581,845. The fourth and fifth most expensive NFTs were Cryptopunk #9,092 selling for $496,903 and BAYC #8,483 selling for $490,333.
In terms of 30-day sales volume, Opensea led the pack with 40% of its sales last month on the NFT Marketplace. NFT marketplace Blur captured 32% of his 30-day sales, while X2Y2 recorded 8% of sales for the month. According to dappradar.com statistics, Magic Eden NFT sales accounted for about 7% of payment transactions for the month, while Lookrare accounted for 2% of his NFT sales over the past 30 days.
What are your thoughts on the growth in NFT sales last month? How do you see the future of NFTs and blockchain technology evolving in the coming months? Let us know what you think about this story in the comments section below. Please let me know.
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