MGGA Hat NFTs Rank 2nd In Daily NFT Sales Volume With $3.6M

Polygon’s MGGA Hat NFTs Rank 2nd In Daily NFT Sales Volume With +$3.6M

Updated: 22 November 2024

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Make GMT Great Again (MGGA) Hat, a non-fungible token collection from the GMT DAO, an independent community organization for the GMT token holders, has surged in trading sales volume, becoming today’s second most-selling non-fungible token collection in the NFT market. The new MGGA Hat NFT collection trades slightly below the popular CryptoPunks NFT collection.

MGGA Hat NFT Collection Tops In Daily Sales Volume

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, show that MGGA Hat has surged in trading sales volume. In the past 24 hours, the MGGA Hat NFT collection has raised a trading sales volume of $3.6 million, representing a 0.56% surge from the past day. The MGGA NFT collection is today ranking as the second most-selling NFT collection.

Source: cryptoslam.io, top selling NFTs by daily sales volume

CryptoPunks, a non-fungible token collection previously from the digital asset incubation studio Larva Labs, featuring a limited edition of 10,000 pixilated NFTs hosted on the Ethereum blockchain network, is the leading NFT collection in daily trading sales volume. In the past 24 hours, the CryptoPunks NFT collection has amassed a trading sales volume of $3.9 million, representing a 150% from the previous day.

$?? , a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is the third most-selling NFT collection in the NFT market. In the past 24 hours, the $?? BRC-20 NFT collection has recorded a trading sales volume of $2.1 million, representing 2.58% from the previous day. Guild of Guardians NFT collection ranks fourth in daily trading sales volume, with a $798,477.

What Is The MGGA Hat NFT Collection?

Launched earlier this week, the Make GMT Great Again (MGGA) is a new non-fungible token collection from GMT DAO, an independent community organization for GMT token holders issued to GMT holders. GMT is a utility crypto-token created on the Solana blockchain network to govern the StepN gaming ecosystem. StepN is a lifestyle mobile gaming app encouraging users to ‘move to earn GMT tokens.’ StepN allows its NFT sneakers holders to earn GMT tokens by walking or running outdoors.

Voted. Yes, this will be repeated. 😎🔥Thanks for the awesome hat 🦾
🚀@Stepnofficial @fslweb3 https://t.co/SOQUa09uCu 🔥#MGGA #GMT #STEPNGO #STEPN #FSL https://t.co/SYMlO04D2o pic.twitter.com/P6CbtYILUR

— Orexios | GO ~ (@OrexioSTEPN) November 21, 2024

Earlier this week, the GMT DAO launched the lock and vote, an initiative that allowed GMT holders to lock their tokens and cast their vote on various proposals, including creating the first of its kind “GMT Burn Initiative,” an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders voted to burn up to 600 million GMT tokens, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem.

During the initiative, participants who voted for the proposal received an exclusive soulbound ‘Make GMT Great Again’ Red Hat NFT as a token of acknowledgment for their involvement. This NFT will record metadata detailing the claimed and eligible airdrops, as well as the votes cast. The GMT Burn Initiative marks a new chapter in GMT’s journey, giving every holder a voice.