{"id":444326,"date":"2023-10-01T10:59:08","date_gmt":"2023-10-01T10:59:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=444326"},"modified":"2023-10-01T10:59:08","modified_gmt":"2023-10-01T10:59:08","slug":"nft-sales-fell-33-in-september-will-october-bring-back-an-upward-trend","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nft-sales-fell-33-in-september-will-october-bring-back-an-upward-trend","title":{"rendered":"NFT Sales Fell 33% In September \u2013 Will October Bring Back An Upward Trend?"},"content":{"rendered":"

The non-fungible token market has experienced a rough month, with a recent study claiming that nearly 95% of digital collectibles may now be worthless. In this article, we shall explore the state of NFTs in the past 30 days as well as the market prediction for this new month.<\/p>\n

NFT Sales Fell 33% In September<\/h2>\n

Data compiled by CryptoSlam.io<\/a>, an on-chain data aggregator, indicates that the global NFT market has experienced a significant decrease in trading sales. In the past 30 days, the NFT market has recorded a trading sales volume of $333 million. The NFT has fallen 34% in the past 30 days.<\/p>\n

\"NFT<\/p>\n

Non-fungible tokens hosted on Ethereum, the largest blockchain network, have been the most traded NFT collection past month. In the past 30 days, Ethereum-based NFTs have attracted a sales volume of $169 million. Ethereum NFTs fell 42% last month from the previous month.<\/p>\n

Digital collectibles hosted on Mythos Chain, a permissioned EVM chain based on the Mythos token optimized for in-game assets that power the Mythical Games ecosystem, have been the second most traded NFT collection in the past month. In the past 30 days, Mythos Chain-based NFTs have recorded a trading sales volume of $33 million. Mythos Chain NFT sales rose 31.44% in September.<\/p>\n

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Source: CryptoSlam.io, NFT Sales By Blockchain<\/p>\n

NFT collections hosted on Polygon, an Ethereum scaling network, have been the third most traded NFT collections in the past month. In the past 30 days, Polygon-based NFTs have recorded a trading sales volume of $33 million. Unfortunately, Polygon NFT sales fell 39% in the past month.<\/p>\n

Solana and Immutable X-based NFT collections have been the fourth and fifth most traded NFT collections in the past month. In the past 30 days, Solana and Immutable X-based NFTs have recorded a trading sale volume of $26 million and $20 million, respectively. Solana-based NFT sales fell 26% in September, while Immutable X NFT sales rose 3.82%.<\/p>\n

Ten Top Traded NFT Collections In September<\/h2>\n

Despite the recent study suggesting that nearly 95% of non-fungible tokens are worthless, many collectors and investors have not given up on these digital assets. Below, we have listed some of the top-selling NFT collections in the past 30 days:<\/p>\n

\"Top<\/p>\n

Source: CryptoSlam.io, top selling NFTs in September<\/p>\n

1. DMarket<\/h3>\n

DMarket, an NFT collection from the DMarket NFT marketplace hosted on the Mythos Chain network, has been the most traded NFT collection in the past month. In the past 30 days, DMarket NFT collection has amassed a trading sales volume of $33.5 million. DMarket NFT sales volume rose 31.69% last month from the previous month.<\/p>\n

2. DraftKings Reign Makers NFTs<\/h3>\n

DraftKings Reign Makers, an NFT collection the sports betting company DraftKings hosted on the Polygon network, have been the second most traded NFT collection in the past month. In the past 30 days, the NFT collection has attracted a trading sales volume of $21 million. DraftKings Reign Maker NFTs rose 23.09% last month from the previous month.<\/p>\n

3. Gods Unchained NFTs<\/h3>\n

Gods Unchained, an NFT collection from an ultimate digital trading card game Gods Unchained hosted on the Immutable X network, has been the third most traded NFT collection in the past month. In the 30 days, Gods Unchained NFT collection has recorded a trading sales volume of $18.1 million. Gods Unchained NFTs rose 20.65% last month from the previous month.<\/p>\n

4. Bored Ape Yacht Club NFTs<\/h3>\n

Bored Ape Yacht Club is an NFT collection from the digital asset firm Yuga Labs, featuring a limited edition of 10,000 NFTs hosted on the Ethereum network. Bored Ape Yacht Club has been the fourth most traded NFT collection past month. In the past 30 days, the NFT collection has recorded a trading sales volume of $15 million. Bored Ape NFT sales fell 41.29% in the past month.<\/p>\n

5. Sorare NFTs<\/h3>\n

Sorare is an NFT collection from the fantasy sport crypto-based video game Sorare hosted on the Ethereum network. Sorare has been the fifth most traded NFT collection in the past month. In the past 30 days, Sorare NFTs have recorded a trading sales volume of $12.4 million. Sorare NFTs fell 21% in September.<\/p>\n

6. Mutant Ape Yacht Club NFTs<\/h3>\n

Mutant Ape Yacht Club is another NFT collection from the digital asset incubation studio Yuga Labs, featuring a limited edition of 20,000 NFTs hosted on the Ethereum network. Mutant Ape Yacht Club NFTs have been the sixth most traded NFT collection in the past month. In the past 30 days, Mutant Ape Yacht Club has recorded a trading sales volume of $8.1 million. Mutant Ape NFTs fell 25% in the past month.<\/p>\n

7. CryptoPunks NFTs<\/h3>\n

CryptoPunks is an NFT collection previously from the digital asset incubation studio Larva Labs but now owned by Bored Ape Yacht Club NFT creator Yuga Labs, featuring a limited edition of 10,000 NFTs hosted on the Ethereum network. In the past 30 days, the CryptoPunks NFT collection has been the seventh most traded collection, recording a trading sales volume of $7.8 million.<\/p>\n

8. $SATS BRC-20 NFTs<\/h3>\n

$SATS BRC-20 is an NFT collection hosted on the Bitcoin network, similar to the ERC-20 token standard. In the past 30 days, $SATS BRC-20 has been the eighth top-traded NFT collection, recording a trading sales volume of $5.8 million. The NFT collection rose 210% in sales in the past month.<\/p>\n

9. Art Blocks NFTs<\/h3>\n

Art Blocks is an Ethereum-based NFT project that generates original digital artwork pieces on the blockchain via an algorithm. Art Blocks NFT collection has been the ninth most traded NFT collection past month. In the past 30 days, the Art Block NFT collection has recorded a trading sales volume of $5.0 million. Art Block NFT sales fell 8.74% in September.<\/p>\n

10. Nouns NFTs<\/h3>\n

The Nouns is an NFT collective hosted on the Ethereum network that builds an open-source IP through funding creative projects. Noun NFT collection has been the tenth most traded NFT collection in the past month. In the past 30 days, the Noun NFT collection has recorded a trading sales volume of $3.8 million. Noun NFT sales volume rose 100% in September.<\/p>\n

Mega Zombie was the most expensive NFT collection this past month, selling for $809,044 earlier in September. Cross The Ages #223963 was the second most expensive NFT collection in the past month, selling $151,112 thirteen days ago.OCM Dimensions #215 was the third most costly NFT collection in the past month, selling for $106,708 eighteen days ago.<\/p>\n

\"mst-esp-<\/p>\n

Source: CryptoSlam.io, most expensive NFTs in September<\/p>\n

Noteworthy NFT News In September<\/h2>\n

1. The SEC Fined Stoner Cats NFT $1M<\/h3>\n

Earlier last month, the United States Securities and Exchange Commission fined Stoner Cats NFT collection founders $1 million for offering unregistered securities. Stoner Cats NFT collection founders launched their NFT collection in 2021 and generated more than $8 million.<\/p>\n

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🚫 Stoner Cats #NFTs<\/a>, co-created by Mila Kunis, pulled from NFT marketplaces!#SEC<\/a> charges for unregistered crypto securities offering. 🤨☕️ #CryptoNews<\/a> #SEC<\/a> #NFTs<\/a> pic.twitter.com\/4yuNfet0Fe<\/a><\/p>\n

— Root_Shaw.NFT (@RootShaw31) September 21, 2023<\/a><\/p><\/blockquote>\n