NFT Market Update: Sales Drop by 7.07% This Week

The non-fungible token (NFT) market has experienced a slight downturn this week, with a 7.07% drop in trading sales volume. Despite this, the number of investors buying into the dip has increased, with over 700,000 collectors purchasing NFTs in the past seven days. Ethereum remains the top-traded blockchain network in the NFT market, followed by Solana and Bitcoin.

The top-selling NFT collection this week is Froganas, featuring humanoid frogs on the Solana blockchain network. Other popular collections include DMarket, Guild of Guardian, Bored Ape Yacht Club, and CryptoPunks. The NFT market is predicted to experience a decline in revenue in the coming years, but many investors remain optimistic about the future of NFTs.

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