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The non-fungible token market is experiencing a dramatic comeback in 2024, with recent market data showing significant increases in transactional sales across most NFT collections. The Bored Ape Chemistry Club NFT collection is a perfect example, with daily sales skyrocketing by over 1100%. The recent global NFT market recovery comes after a prolonged downturn that left most NFTs nearly worthless.
Bored Ape Chemistry Club NFT sales jump +1,100%
According to data collected by CryptoSlam.io, an on-chain cryptocurrency market aggregator and non-fungible token explorer, Bored Ape Chemistry Club has seen a significant surge in trading sales. Over the past 24 hours, the NFT collection’s trading volume reached $276,640. During this period, Bored Ape Chemistry Club NFT trading volume surged 1,170% compared to the previous day.
Launched in August 2021, Bored Ape Chemistry Club is a series of non-fungible tokens from digital asset company Yuga Labs. It features a limited edition of 510 NFTs hosted on the Ethereum blockchain network. Yuga Labs is a renowned digital asset incubation studio focused on shaping the future of Web3 through storytelling, experiences, communities, and blockchain gaming.
The digital asset company is home to many collections of non-fungible tokens, including the Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club, Kodamara, Voyager, and Twelvefold NFTs. Yuga Labs also maintains other non-fungible token collections, including Otherdeed for the Otherside, CryptoPunks, and the Meebits non-fungible token collection.
Other NFTs in Yuga Labs NFT Portfolio
Earlier this year, Yuga Labs acquired digital asset incubation studio Proof Collective, which includes large NFT collections and projects such as Moonbirds, Oddities, and Grails. Yuga Labs has grown into a very powerful and influential organization. In 2022, Yuga Labs acquired WENEW and its flagship NFT collection and virtual community, 10KTF.
The recent surge in the Bored Ape Chemistry Club NFT collection is profound evidence of the growing popularity and adoption of NFTs and indicates a bullish trend in the market. The NFT (Non-Fungible Token) market also recorded positive growth today, recording a trading volume of $26 million, a 2.95% increase from the previous day. Ethereum, Bitcoin, Solana, and Polygon NFTs lead the way with daily sales of over $3.1 million.
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