Despite Suffering a Severe Meltdown, the Global NFT Market Keeps Showing Remarkable Resilience

Despite suffering a severe meltdown in the past several months, the global NFT market, led by the Ethereum, Bitcoin, Polygon, and Solana NFT markets

Despite suffering a severe meltdown in the past several months, the global NFT market keeps on showcasing remarkable resilience as several top NFT collections continue to generate impressive trading sales despite the gloomy market outlook. In the past several months, the world's leading NFT market, Ethereum, has seen its daily NFT trading sales volume fall below the $5 million mark on several occasions. However, in recent weeks, the daily NFT trading sales volume has remained above the $10 million mark, showcasing strong resilience amid the NFT market winter.

Some of the top-selling NFT collections this week include:

1. CryptoPunks NFT Collection

CryptoPunks, a globally renowned non-fungible token collection featuring a limited edition of 10,000 pixilated PFPs previously created by the digital asset incubation studio Larva Labs, but now managed by the Node Infinite Foundation, is this week’s top-selling NFT collection in the NFT market. In the past 24 hours, the Punks NFT collection has amassed a trading sales volume of over $1.5 million. It has a market capitalization of $1.1 billion and a floor price of $115,708.

Source: CoinGecko.com

2. Courtyard NFT Collection

Courtyard, a non-fungible token collection from Courtyard, a renowned digital platform built on the Polygon blockchain network specializing in the tokenization of real-world assets (RWA) like Pokémon cards and sports cards, turning them into NFTs, is this week’s second most selling NFT collection in the NFT market. In the past 24 hours, the Courtyard NFT collection has recorded a trading sales volume of $491,620. It has a market capitalization of $1.4 million.

3. Pudgy Penguins NFT Collection

Pudgy Penguins, another globally acknowledged non-fungible token collection from the digital asset firm Igloo featuring a fixed edition of 8,888 penguin cartoon birds hosted on the Ethereum blockchain network, is this week’s third most-selling NFT collection in the global NFT market. In the past 24 hours, the Pudgy Penguins have recorded a trading sales volume of $370,294. The NFT collection has a market capitalization of $219 million and a floor price of $24,686.

4. Good Vibes Club NFT Collection

Good Vibes Club, a non-fungible token collection from the digital asset incubation studio Toast featuring a limited edition of 6,969 meticulously crafted high-quality 3D PFP NFTs hosted on the Ethereum blockchain network, is this week’s fourth most-selling non-fungible token series in the NFT market. In the past 24 hours, the Good Vibes Club NFT collection has raised a trading sales volume of $246,351. It has a market cap of $12 million and a floor price of $1,788.

5. Doodles NFT Collection

Doodles, a renowned non-fungible token series from the digital artist Burnt Toast and his team featuring a limited set of 10,000 cartoon characters hosted on the Ethereum blockchain network, is this week’s fifth most-selling NFT collection in the global NFT market. In the past 24 hours, the Doodles NFT collection has amassed a trading sales volume of $215,869. It has a market cap of $29 million and a floor price of $2,967.

6. Lil Pudgy NFT Collection

Lil Pudgy, another non-fungible token collection from the digital asset Igloo Inc featuring a fixed edition of 22,222 cute penguins cartoon birds hosted on the Ethereum blockchain network, is this week’s sixth most-selling NFT collection in the global NFT market. In the past 24 hours, the Lil Pudgy NFT collection has raised a trading sales volume of $180,060. The Lil Pudgy NFT series has a market capitalization of $68 million and a floor price of $3,129.

Source: CoinGecko.com

7. Famous Fox Federation NFT Collection

Famous Fox Federation, a non-fungible token collection from anonymous developers Draxx and FoxyDev featuring a limited edition of 7,777 2D NFTs featuring distinct fox cartoons, which are generated from a pool of over 1 million combinations, is this week’s seventh most-selling NFT collection in the NFT market. In the past 24 hours, the Famous Fox Federation NFT collection has recorded a trading sales volume of $165,173. It has a market capitalization of $4 million and a floor price of $525.

8. What The FFFF NFT Collection

What The FFFF, a non-fungible token collection featuring a limited supply of 1,000 little FFFFs