NFT Market Is Growing Again

February 15, 2023 Story: Divya Sinha

According to reports, total NFT sales on the Ethereum blockchain have increased.

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It has increased from $546.9 million in the previous month to $780.2 million in January, according to market tracker CryptoSlam.

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Also, it is to be noted that Digital art collectables were among the big hits such as Bored Ape Yacht Club #5840 went for $822,730.

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As per CryptoSlam data, the average NFT sale price was $372.38.

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The data also suggests that the market has slowly recovered since November after hitting a low of $324 million the previous month.

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NFTs popularity exploded in 2021 as crypto-rich speculators sought cash at skyrocketing prices.

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Reportedly few crypto experts predict a repeat of the 2021 boom anytime soon.

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