GM rocketeer,

Welcome to the latest NFT news roundup from NFTevening! We've got a mix of exciting updates for you this week, including a rise in overall NFT sales, developments on the Solana blockchain, and some interesting project-specific news.

This Week’s Highlights

• NFT Sales Surge: Overall NFT sales have rebounded, reaching $107 million, indicating a potential market stabilization.

• Solana Takes the Lead: Solana blockchain has surpassed Ethereum in daily NFT sales volume, driven by lower fees and scalability.

• Pudgy Penguins Expand: Pudgy Penguins' Layer-2 Ethereum project, Igloo, has successfully raised $11 million in funding.

• Pixelverse Rewards Players: Pixelverse celebrated 38 million players with an NFT airdrop to its community.

• Magic Eden Boosts Ordinals: Magic Eden, a Solana NFT marketplace, introduced a 30 "Diamond" boost for NFT Ordinal purchases.

• LockDealNFT Makes Waves: Newcomer LockDealNFT unexpectedly topped daily sales charts, capturing market attention.

NFT Sales Show Signs of Recovery!

Despite a recent slump, overall NFT sales have shown a positive trend. According to our latest report, weekly sales have reached $107 million, representing an 8.5% increase! This could be a sign that the NFT market is starting to stabilize after a period of correction.

Among the top NFT collections, Solana Monkey Business stands out with $4.86 million in sales. This represents a 168.38% increase. There was also a notable increase in buyers and transactions for the collection. The DMarket collection on the Mythos blockchain followed with $4.01 million in sales. However, it saw a decrease in transactions and buyers.

Immutable’s Gods Unchained Cards also saw strong performance, with $3.8 million in sales. This reflects a 61.35% increase. The collection experienced notable growth in transactions and buyers, showing increased interest in blockchain-based trading cards.

Solana Takes the Lead in Daily NFT Sales

The race for dominance in the NFT space heats up! Solana has recently taken the top spot in terms of daily NFT sales volume. With its scalability and lower transaction fees compared to Ethereum, Solana could potentially attract more NFT projects and users in the future.

More News!

• KnownOrigin Ceases Operations: KnownOrigin, a prominent NFT marketplace, has announced it will cease operations. This decision comes in the wake of recent market changes and internal restructuring efforts aimed at adapting to the evolving NFT landscape.

• Pudgy Penguins Igloo Raises $11 Million: Pudgy Penguins' Layer-2 Ethereum project, Igloo, has successfully raised $11 million in funding. The raised capital will be used to support the project's development and expansion, further solidifying its position in the NFT market.

• Pixelverse Celebrates Milestone with NFT Airdrop: Pixelverse commemorated reaching 38 million players by airdropping NFTs to its users.

• Magic Eden Boosts NFT Ordinal Sales: The leading Solana NFT marketplace, Magic Eden, has implemented a 30 "Diamond" boost for all NFT Ordinal purchases, potentially increasing their appeal.

• LockDealNFT Leads in Daily Sales: LockDealNFT, a new player in the NFT space, has surprisingly secured the top spot in daily sales figures at the time of reporting.

Weekly Roundup (July 15 - July 21, 2024)

NFTevening’s Guides For Everyone!

• BingX: Your One-Stop Shop for Crypto and NFTs? We break down the features of BingX, a popular cryptocurrency exchange that's also making waves in the NFT space. Is it worth your time and money? Find out in our in-depth review.

• Unveiling the Most Expensive NFTs Ever Sold: Ever wondered what makes an NFT worth millions? We take a look at the top 15 most expensive NFTs ever sold, giving you insights into the world of high-value digital collectibles.

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