The Re-Surgence Of The NFTs: Sales and Prices Surge Post Merge
The post The Re-Surgence Of The NFTs: Sales and Prices Surge Post Merge appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Following the long-awaited upgrade of the Ethereum blockchain, Ether and the other digital assets have witnessed a dip. However, as per the crypto data tracker, DappRadar, NFTs seem to be on the rise again. The Merge also benefited the marketplaces that sell NFTs based on Ethereum.
Bored Ape Yacht Club, which is amongst the top NFT collections, recorded $1.3 million in sales on Thursday. CryptoPunks exhibited a trading volume rise of 56% to $1.4 million and OpenSea saw a trading volume increase of 77% to $10 million as of 4 p.m. New York time. Even Magic Eden witnessed its volume rising by 36% to $4.6 million.
