NFTs are making a comeback in 2023 after a tumultuous 2022 bear market. The latest proof of this is the recent sale of CryptoPunk #5066, which sold for a whopping 857 ETH, equivalent to almost $1.5 million. The collectible previously belonged to NFT whale and co-founder of Proof Collective, Kevin Rose. The buyer’s identity remains unknown.
Additionally, Bored Ape Yacht Club also reported an impressive sale of BAYC #7090 for 800 ETH. This NFT, held by web3 investor Jimmy McNeils, was sold to an anonymous collector and is one of the top 70 rarest NFTs in the collection.
Overall, the NFT market has seen a significant increase in trading volume and sales. In January, the overall NFT sales volume jumped by 38%, totaling around $947 million. Traders also sold 42% more NFTs compared to previous months.
Several popular NFT projects have also made headlines recently, including Yuga Labs’ limited-edition game Dookey Dash, Doodles’ new Dooplication feature, and the PFP project Moonbirds signing with United Talent Agency. These developments, along with many others on the horizon, have sparked excitement among NFT collectors and traders alike.
The NFT market may still be recovering from the bear market, but these promising sales figures and developments in the industry are a positive sign for the future of NFT trading. Whether you’re a seasoned NFT collector or new to the game, now may be a great time to start exploring the world of NFTs and the exciting projects it has to offer.
