NFT Revival: Weekly Sales Hit $181mn as Bitcoin Hits $98K
By Ruchi Sharma
In a historic surge fueled by President-Elect Donald Trump’s pro-crypto policies, Bitcoin has smashed its all-time high, crossing the $98,000 mark which has uplifted the nft market and after a long slump NFTs are roaring back to life, with weekly sales volumes skyrocketing to $181 million—a jaw-dropping 94% surge week-on-week.
This rebound comes on the heels of the broader crypto rally, as Bitcoin’s meteoric rise breathes new life into altcoins, DeFi projects, and now, NFTs.
Ethereum, Bitcoin and Solana led the NFT surge. Ethereum recorded an NFT sales volume of $67 million for the week, while Bitcoin had $60 million and Solana had $26 million. There are several reasons that triggered this upsurge.
Once the leading NFT marketplace OpenSea is aiming to reinvent itself. Opensea is Launching a Opensea 2.0 version in December as announced on X.The community is also speculating that the new version may introduce features such as leaderboards and exclusive rewards for Gemesis NFT holders. Gemesis is a dedicated NFT series created for Gem users, and Gem has now been renamed OpenSea Pro.
Mcdonald’s has partnered with NFT project turned media franchise Doodles in a promotion called McCafé x Doodles Holiday cups. The campaign is called “GM Spread Joy” and features limited-edition cups with Doodles-inspired art.
Those who purchase the cups can win animated content and digital wearables on the McDonald’s app.
After a year of legal back and forth, Former NBA star player Shaquille O’Neal has signed an $11 million settlement for promoting Astrals NFTs in exchange for dismissing the class-action suit.
Hoping this rally in NFTs continues and the NFT market finds its lost glory soon.
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