Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81 …

While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week.

Bitcoin, ethereum, and a myriad of digital assets have seen deep losses this week in terms of spot market value against the U.S.

Out of the ten blockchains recorded, Ethereum sales jumped 84.04% this week while Ronin NFT sales increased by 29.99%.

Last week, the NFT collection Meebits was the top contender in terms of NFT sales and still is this week.

Terraforms saw $1.2 billion in sales last week up more than 298%, and Loot recorded $468 million up 79% since last week.

Mutant Ape Yacht Club sales are up more than 4% but the MAYC collection has slid to the tenth largest NFT compilation after being a top five contender.

Overall, NFT markets and sales have managed to stave off the crypto market carnage that crypto assets have been experiencing in recent times.

Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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