NFT Market Heats Up in 2024 as Sales Surge and Focus Shifts Towards Practical Applications

In 2024, the non-fungible token market is experiencing a remarkable revival, with projections indicating significant growth and a shift towards practical and valuable applications.

Non-Fungible Token Market Sees a Remarkable Revival in 2024

In 2024, the non-fungible token (NFT) market is experiencing a remarkable revival, with projections indicating significant growth and a shift towards practical and valuable applications. In recent weeks, NFT sales have surged, with conversations around NFTs starting to outpace that of cryptocurrency, signalling a renewed interest in digital assets.

Below, we have listed some of the top-selling NFTs in the past seven days:

Bored Ape Yacht Club, an all-time top-selling non-fungible token collection from the digital asset incubation studio Yuga Labs, featuring a limited edition of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s most-selling NFT collection. In the past seven days, the Bored Ape Yacht Club has recorded a trading sales volume of $4.1 million. During this time, Bored Ape NFT sales volume surged 58.40% from the past week.

Pudgy Penguins, a non-fungible token collection from the digital asset incubation studio and toy brand Igloo.Inc., featuring a limited set of 8,888 penguin birds hosted on the Ethereum network, is this week’s second most-selling NFT collection. In the past seven days, the Pudgy Penguins NFT collection has recorded a trading sales volume of $3.87 million. During this period, Pudgy NFT sales volume surged by 32.23% from the past week.

Milady Maker, a non-fungible token collection from the web3-focused digital studio Remilia featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network, is this week’s third most-selling NFT collection. In the past seven days, the Milady Maker NFT collection has attracted a trading sales volume of $3.81 million. During this time, the Milady Maker NFT trading sales volume surged by 120% from the past week.

Froganas, a non-fungible token collection from the digital artist Tee featuring a limited supply of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week’s fourth top-selling NFT collection. In the past seven days, the Froganas NFT collection has recorded a trading sales volume of $2.35 million. During this period, the Froganas NFT trading sales volume surged by 148% from the past week.

CryptoPunks, a blue-chip non-fungible token collection featuring a limited set of 10,000 NFTs previously created by the digital asset firm Larva Labs but now managed by the Bored Ape NFT creator Yuga Labs, is this week’s fifth most-selling NFT collection. In the past seven days, the CryptoPunks NFT collection has recorded a trading sales volume of $2.3 million. During this time, the CryptoPunks NFT sales volume plunged by 11% from the past week.

Project AEON, a non-fungible token collection featuring a limited edition of 3,333 unique digital items exclusively living on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection. In the past seven days, the Project AEON NFT collection has recorded a trading sales volume of $2.24 million. During this period, the Project AEON NFT trading sales volume surged 48.48% from the past week.

Strong Trump, a new non-fungible token collection depicting the former United States President and Candidate for the 2024 Presidential Election, Donald Trump, is this week’s seventh most-selling NFT collection. In the past seven days, the Strong Trump NFT collection has amassed a trading sales volume of $2.21 million. This NFT collection was created earlier this week and gained massive trading during this campaign period.

IBOX, a non-fungible token collection created exclusively on the Polygon, the scaling solution network on Ethereum main net, is this week’s eighth top-selling NFT collection. In the past seven days, the IBOX NFT collection has gained massive traction within the crypto community, amassing $2.01 million. During this period, the IBOX NFT trading sales volume surged +100% from the past week.

Bitcoin Wizard (wzrd), an ordinal collection created using BRC-20, an experimental standard for fungible tokens on the Bitcoin blockchain, is this week’s ninth most-selling NFT collection. In the past seven days, the Bitcoin Wizard Ordinal collection has amassed a trading sales volume of $1.7 million. During this time, the Bitcoin Wizard Ordinal sales volume fell by 31% from the past week.

Redacted Remilio Babies, a non-fungible token collection featuring a limited edition of 10,000 NFTs created by Remilia Collective,