BAYC Leads the Pack as NFT Sales Bounce Back in New Year
Bouncing back after months of declining prices and waning interest, NFT sales volume has started the new year off strong, data shows. In the week ending Jan. 7, NFT sales increased by 26%, led by frontrunning project Bored Ape Yacht Club, which saw a 53% week-over-week increase, according to data compiled by CryptoSlam. Ethereum was the most popular blockchain by sales volume, accounting for $164 million of the total $209 million in sales completed over the week. Even after its two most valuable NFT projects, DeGods and y00ts, announced plans to move to Ethereum and Polygon, respectively, Solana saw its NFT sales grow by nearly 30% last week, per the data. Dust Labs, the startup behind both DeGods and y00ts, said it received a $3 million grant from Polygon to move blockchains.
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