NFT Sales Slow Down After Record-Setting Week on KuCoin
NFT sales have taken a breather after a record-setting week, according to recent data from KuCoin. The past 24 hours saw a slowdown in NFT transactions, but it's worth noting that this follows an incredibly successful week for the market.
One of the standout performers was ETH, which saw a staggering 522% increase in sales compared to the same period last week. In total, ETH generated over $71 million in sales during this time frame.
Seven artchains also exceeded $1 million in sales, indicating a strong demand for digital art within the market. The buyer count has increased across the board, suggesting that more people are getting involved in NFT transactions.