NFT weekly ether sales more than doubled to 68,342 ETH (about $129M) in early November, with Bored Ape Yacht Club leading trades. This came as OpenSea laid off half its staff while preparing a major platform update.
29,704 ether (~$56 million).
68,342 ether (worth over ~$129 million).
Bored Ape Yacht Club (followed by Mutant Ape Yacht Club and the Captains).
November 3, 2023.
Non fungible tokens have seen a steady increase in terms of weekly ether sales volume, according to the blockchain analytics platform Nansen. In a post on X, Nansen highlighted that on the weekending on October 9, NFT sales were at 29,704 ether, worth around $56 million. At current ether market prices, the sales volume increased weekly until it reached 68,342 ether, worth over $129 million. In terms of NFT collections, Bored Ape Yacht Club had the highest trading volume in the last 30 days. The collection was followed by the Mutant Ape Yacht Club and the Captains. The increase in trading volume for NFTs happened amid seemingly bearish news for the NFT market. On November 3, NFT marketplace OpenSea laid off half its staff as it prepares to launch its second version. For all the latest crypto news and updates, subscribe to the official Cointelegraph YouTube channel.
