Understanding NFT sales performance in 2023: a detailed report

NFT (non-fungible token) sales in 2023 have attracted much attention, which is a high-profile digital asset trend. The uniqueness and irreplaceability of NFTs make them a valuable asset pursued by investors and artists. According to php editor Zimo, the NFT market is expected to continue to flourish in 2023, attracting more investors and creators to participate. This article will give you an in-depth understanding of NFT sales in 2023, revealing the trends and potential. Exciting content that you can’t miss is about to be revealed!

What will be the sales situation of NFT in 2023?

According to data on February 1, 2023, non-fungible token (NFT) sales increased by 41.96% month-on-month. NFT sales have reached nearly $1 billion in the past 30 days, totaling approximately $997.53 million. Additionally, the number of digital collectibles transactions has increased by more than 22% in the past month.

According to cryptoslam.io, the latest statistics show that Ethereum ranks first among 20 blockchain networks with sales of $784.87 million, accounting for 78.681% of total sales. Followed by Solana, NFT sales in the past 30 days reached $150.4 million, accounting for 15.07% of total sales. The top five blockchain networks also include Cardano, Immutable X and Polygon. These data reflect the prosperity of the NFT market. Ethereum still occupies a dominant position as the main NFT trading platform, but other blockchain networks are gradually emerging, showing potential and competitiveness.

In terms of the best-selling NFT series in January 2023, sales of Bored Ape Yacht Club (BAYC) NFT reached $71.24 million, a 45% increase from December last year. Meanwhile, Mutant Ape Yacht Club (MAYC) also saw a 47.91% increase in sales last month, generating $58.85 million in NFT sales.

Bored Ape Kennel Club (BAKC) NFT sales increased by 309% month-on-month, with total sales of US$42.33 million. The remaining top NFT series are Azuki, Otherdeed, Art Blocks, Sorare, Degods, Captainz and Hausphases.

NFT development trends in 2023

Many companies are working hard to build new NFT standards and explore new areas such as using new economic models (such as free-to-own) and on-chain experiences. These companies include some strong Web2 companies and studios making long-lasting Web2 games that are rapidly innovating and migrating Web2 IP onto Web3 platforms. They introduce suitable elements such as casual, mobile and PC games in the Web2 world, and use NFT technology to enhance these experiences. This trend makes the development of NFT not limited to encrypted artworks, but applies it to a wider range of scenarios, bringing more possibilities and richer interactive experiences to users.

We are paying close attention to how Web2 brands and intellectual property apply NFT, and will continue to track the development of new Web3 native IP, which remains a core focus in the NFT space.

The interaction of NFTs and AI remains a focus in many areas, especially in the creation of art and game assets, game design, and the overall creation of AI-based NPC games and cross-media content. Additionally, wallets and marketplaces are evolving towards providing premium services to specific users, which is very exciting. Currently, one can see a rush to build wallets that are more Web2-friendly, while also adding elements such as social factors and DeFi functionality for DeFi users. Additionally, independent marketplaces focused on specific collectibles, such as those focused on games, are also emerging. In general, we should focus on the application of NFT in specific fields, and also need to pay attention to the fields in which NFT technology can be further developed and improved in the future.

In addition, the progress of L2 has attracted the interest of builders, especially in the field of zero-knowledge (ZK) rollup, which will "flex its muscles" in 2023. ZK-rollup is expected to make access and use of NFTs more convenient, which will lead to an increase in the number of builders building and using NFTs for social media experiences on these tracks, thus bringing in more users.

NFT has caught the eye of several other celebrities, including McDonagh, Justin Bieber and Amitabh Bachchan, who have launched their own NFT collections, attracting other creators to join the hot trend. Market development for NFTs and their rare collectibles in smart markets can be resourceful for businesses of all sizes. The NFT trend continues to evolve at every step, reinventing and succeeding in all its ventures. Hopefully this brief guide to the most sought-after NFT marketplaces will encourage your crypto-based efforts to work with a white label NFT marketplace development company to bring the word to a whole new series of lists.

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