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With Sales Surging, Are NFTs Back?

  • Sales of NFTs are surging, driven largely by blue-chip collections like CryptoPunks and Pudgy Penguins.
  • CryptoPunks saw a 392% increase in sales volume, reaching over $49 million across 388 transactions.
  • Ethereum led the blockchain front with over $216 million in NFT sales, while Bitcoin-based NFTs saw a 99.44% jump in sales volumes to $186 million.
  • Although the NFT market is experiencing a revival, current sales volumes are still below previous peak levels, indicating potential for further growth.

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