The Non-Fungible Token sector is experiencing an actual month-to-month momentum, with November NFT gross sales reaching 562 million {dollars}. Such quantity had not been seen for six months and is a major 356 million {dollars} extra in comparison with October 2024.
NFT Gross sales: November Momentum Closes with a Quantity of 562 Million {Dollars}
The Non-Fungible Token are again on observe with the NFT gross sales quantity of November 2024 reaching 562 million {dollars}.
Based on the info from CryptoSlam, such quantity had not been seen for six months, when in Might NFT gross sales closed the month at 599 million {dollars}.
Not solely that, plainly this month there was an actual sector momentum, provided that the rise in NFT gross sales in November is 356 million {dollars} extra in comparison with October 2024.
Nonetheless, these numbers are nonetheless removed from the NFT gross sales quantity of the early months of 2024. The truth is, in January, February, and April, the month-to-month quantity was 1.2 billion {dollars}.
In March 2024, as a substitute, the NFT sector recorded its annual document on the time, with the amount of NFT gross sales rising to 1.6 billion {dollars}. Quite the opposite, September 2024 was the month with the minimal annual on the time, with the amount of gross sales falling to 303 million {dollars}.
In any case, going again to this simply concluded month of November, plainly the momentum of NFT gross sales had already been seen with the weekly volumes. Throughout the third week of the month, the amount was 158 million {dollars}, a rise of +69% in comparison with the primary week of the month, when it was 93 million {dollars}.
NFT Gross sales: CryptoPunks among the many high collections for will increase in November 2024
Persevering with the evaluation of November 2024 for the NFT market, among the many high collections for gross sales emerges that of CryptoPunks.
The truth is, on the time of writing, the month-to-month gross sales of CryptoPunks have elevated by +444%, which is over 54 million {dollars}. Not solely that, the gathering has additionally recorded 416 gross sales transactions, 233% greater than a month in the past.
The Bored Ape Yacht Membership (BAYC) can be among the many high NFT collections for gross sales, however with smaller will increase in comparison with Crypto Punks.
The truth is, on the time of writing, the month-to-month gross sales of BAYC have elevated by +128%, which is over 24 million {dollars}. Not solely that, the gathering has additionally recorded 500 gross sales transactions, 67% extra in comparison with a month in the past.
Pudgy Penguins is at present the third assortment within the NFT gross sales rating, and in November, it skilled momentum extra just like CryptoPunks.
On the time of writing, the month-to-month gross sales of Pudgy Penguins have elevated by +297%, which is over 17 million {dollars}. Not solely that, the gathering additionally recorded 478 gross sales transactions, 158% greater than a month in the past.
Main the momentum of NFTs are the Ethereum and Bitcoin blockchains
By way of blockchain, main this momentum of November 2024 with NFT gross sales had been Ethereum and Bitcoin.
Particularly, the Ethereum community led the month with over 236 million {dollars} in gross sales quantity, with a rise of twenty-two% in comparison with a month in the past.
Bitcoin, alternatively, has made fairly the flip with extra vital will increase. The blockchain par excellence has recorded a rise in NFT gross sales of +102% in comparison with a month in the past, for a complete of 190 million {dollars} on the time of writing.
Within the meantime, the November information of the NFT market noticed the entry of Poste Italiane with the launch of the primary NFT stamp with a “digital twin”. Additionally the brand new collaboration of the NFT Doodles assortment with McDonald’s in honor of the Christmas holidays additionally at a digital stage. At the start of the month, then, the well-known Lamborghini launched the mint of its Revuelto NFTs with Transak and Animoca Manufacturers.