{"id":81486,"date":"2023-11-06T23:56:02","date_gmt":"2023-11-07T04:56:02","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/nft-sales-spike-to-129m-in-november-with-blur-leading-the-charge-nansen\/"},"modified":"2023-11-06T23:56:05","modified_gmt":"2023-11-07T04:56:05","slug":"nft-sales-spike-to-129m-in-november-with-blur-leading-the-charge-nansen","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81486","title":{"rendered":"NFT Sales Spike to $129M in November, with Blur Leading the Charge: Nansen"},"content":{"rendered":"<div>\n<figure id=\"attachment_127658\" aria-describedby=\"caption-attachment-127658\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-127658\" class=\"wp-caption-text\"><em>Source: Pixabay<\/em><\/figcaption><\/figure>\n<p>Digital collectible sales are skyrocketing after months of a downtrend. According to blockchain analytics firm Nansen AI, the non-fungible token (NFT) ecosystem has seen a remarkable increase in sales volume in the past five weeks.<\/p>\n<p>Nansen<a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/nansen_ai\/status\/1721478160066425206\" target=\"_blank\"> shared a chart<\/a> on X (formerly Twitter) showing NFTs sales in 30 days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NFT volume for the past 5 weeks has been steadily increasing \ud83d\udcc8<\/p>\n<p>The bottom was the week closing 9th Oct, where NFT weekly volume was 29,704 ETH, compared to last week, week ending Nov 6th, NFT sales volume reached 68,342 ETH<\/p>\n<p>Slowly then suddenly\u2026?https:\/\/t.co\/SOlhKZezmO <a rel=\"nofollow\" href=\"https:\/\/t.co\/420fiRYw9e\">pic.twitter.com\/420fiRYw9e<\/a><\/p>\n<p>\u2014 Nansen \ud83e\udded (@nansen_ai) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/nansen_ai\/status\/1721478160066425206?ref_src=twsrc%5Etfw\">November 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>According to Nansen\u2019s data, the lowest NFT sales were recorded on October 9th when the digital collectible space recorded only 29,704 ETH in sales, worth $56 million at current market figures.<\/p>\n<p>However, this figure has since spiked to 68,342 ETH on November 5th, putting the sales value in fiat at a sizable $129 million.<\/p>\n<figure id=\"attachment_127669\" aria-describedby=\"caption-attachment-127669\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-127669\" class=\"wp-caption-text\">Source: Twitter\/Nansen<\/figcaption><\/figure>\n<p>Per Nansen\u2019s data, the leading marketplace for digital collectibles is Blur NFT. The new generation digital collectible shopping platform generated as much as 171,926 ETH (upwards of $305 million plus) of the total volume recorded within 30 days.<\/p>\n<p>During the same 30-day period, OpenSea, a major player in the NFT ecosystem, recorded a sales volume of 37,765 ETH (less than $100 million). This placed OpenSea second in the market, behind Blur NFT.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NFT volume over the past 5 weeks:<\/p>\n<p>W\/C Oct 9th: 29.7k ETH<br \/>W\/C Oct 16th: 36k ETH<br \/>W\/C Oct 23rd: 47.3k ETH<br \/>W\/C Oct 30th: 56.7k ETH<br \/>W\/C Nov 5th: 68.6k ETH<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/blur_io?ref_src=twsrc%5Etfw\">@blur_io<\/a> accounted for 171,926 ETH of this volume compared to Opensea which was 37,765 ETH<\/p>\n<p>What will next week bring?<\/p>\n<p>\u2014 Nansen \ud83e\udded (@nansen_ai) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/nansen_ai\/status\/1721478163795214825?ref_src=twsrc%5Etfw\">November 6, 2023<\/a><\/p>\n<\/blockquote>\n<p>Nansen blockchain analytics firm has not been the only one tracking events in the digital collectible ecosystem. NFT insights platform NFTGo has also released a set of impressive NFT trading activities across the industry.<\/p>\n<p>According to a tweet on X, NFTGo stated that several blue-chip digital collectibles saw their bearish situation change in October.<\/p>\n<p>NFTs like Bored Ape Yacht Club (BAYC), Azuki, Pudgy Penguins, The Captainz, Memeland, and Meebits NFTs saw an increase of 11% within the tenth month of the year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In the past few months, blue-chip collections had small fluctiations. In Uptober, they increased by about 11%.<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/BoredApeYC?ref_src=twsrc%5Etfw\">@BoredApeYC<\/a> began its current uptrend on Oct 19.<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Azuki?ref_src=twsrc%5Etfw\">@Azuki<\/a>, <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/pudgypenguins?ref_src=twsrc%5Etfw\">@pudgypenguins<\/a>, The Captainz by <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Memeland?ref_src=twsrc%5Etfw\">@Memeland<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/MeebitsNFTs?ref_src=twsrc%5Etfw\">@MeebitsNFTs<\/a> fluctuate between 1 to 6 ETH. <a rel=\"nofollow\" href=\"https:\/\/t.co\/DTPRqoAxny\">pic.twitter.com\/DTPRqoAxny<\/a><\/p>\n<p>\u2014 NFTGo (@nftgoio) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/nftgoio\/status\/1719859563036618778?ref_src=twsrc%5Etfw\">November 1, 2023<\/a><\/p>\n<\/blockquote>\n<p>Like always, the BAYC collection led the ranks. The ape-like collection had an Ether trading volume of 35,226 ETH, worth around $66.5 million in October.<\/p>\n<p>The Mutants Ape Yacht Club (MAYC) followed a distant second with 14,947 ETH recorded, while The Captainz rounded up the top three ranks with 9,948 ETH made in sales.<\/p>\n<p>These NFTs maintained an average price range of 4 to 6 ETH to enjoy a phenomenal change in their fortunes.<\/p>\n<p>Notably absent from the lineup of top brands was the CryptoPunks NFT collection. The pixelated punk collectible offerings posted a sales volume of 5,7773 ETH within the last 30 days.<\/p>\n<p>However, it maintained its position as the most valuable NFT brand in terms of market capitalization.\n<\/p>\n<h2>NFT Winter Over?<\/h2>\n<p style=\"text-align: left\">While October represented a resurgence for cryptocurrencies like Bitcoin and Ethereum, digital collectibles have also changed fortunes.<\/p>\n<p>\nAccording to an NFT market overview, the JPEG-powered blockchain assets recorded a 15.2% increase in total trading volume. This percentage increase led to inflows of over $427 million in October alone, compared to September.<\/p>\n<p>Meanwhile, the total transaction count still stood at 1,039,735, denoting that the broader market\u2019s bullish momentum saw an increase in the value of individual collectible assets.<\/p>\n<p>\u200b\u200bhttps:\/\/twitter.com\/0xxNathan\/status\/1720661687538524599<\/p>\n<p>Additionally, there was an increase in the number of unique NFT users in October. This figure stood at 15.2%, with the total unique users at 281,359 compared to the previous month.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/nft-sales-spike-to-129m-in-november-with-blur-leading-the-charge-nansen.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pixabay Digital collectible sales are skyrocketing after months of a downtrend. According to blockchain analytics firm Nansen AI, the non-fungible token (NFT) ecosystem has seen a remarkable increase in sales volume in the past five weeks. Nansen shared a chart on X (formerly Twitter) showing NFTs sales in 30 days. NFT volume for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":81487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-81486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT Sales Spike to $129M in November, with Blur Leading the Charge: Nansen | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Pixabay Digital collectible sales are skyrocketing after months of a downtrend. 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