Bored Ape NFT #7940 sells for over $1.4 million

The global non-fungible token market, once characterized by sharp ups and downs, continues to show strong resilience and is slowly moving from recovery mode to a strong market resurgence in 2024. Just a few hours ago, a collection of Bored Ape non-fungible tokens sold for over $1.4 million, further proving that the non-fungible token market is still alive and kicking.

A report from nftevening.com last month revealed the troubling state of the non-fungible token market, with 96% of NFTs considered dead. The report scrutinized 5,000 NFT collections and 5 million transactions to assess the current state of NFTs. The report highlighted the high unprofitability rate among NFT holders and the short lifespan of most NFT collections. As the NFT market continues to record positive growth, this report may lack relevance.

Bored Ape #7940 NFT sells for over $1.4 million

Data collected by CryptoSlam.io, a comprehensive data collection platform that provides users with information on buying, selling and trading digital collectibles, confirms that the Bored Ape Yacht Club #7940 NFT collection sold for $1.43 million on the X2Y2 NFT marketplace platform do. This massive sale increased overall Bored Ape Yacht Club NFT sales by over 900% in the last 24 hours. In the last 24 hours, sales of the Bored Ape NFT collection reached $1.6 million.

Launched in April 2021, Bored Ape Yacht Club is a collection of non-fungible tokens from the digital asset incubation studio featuring a limited supply of 10,000 NFTs hosted on the Ethereum blockchain network. Having a Bored Ape gives you access to an exclusive Discord community and sometimes even participation in real parties. The Bored Ape NFT collection has grown exponentially to become one of the most acclaimed NFT collections in the NFT market.

NFT Market State Check – Daily NFT Sales Increase by 33%

The global non-fungible token market recorded surprising positive gains today after an explosion in trading volume for Bored Ape and other NFT collections. In the last 24 hours, the global NFT market recorded trading volume of $14 million, a 33% increase compared to the previous day. During this period, Ethereum is leading the NFT market with $6.5 million, a 147% increase from the previous day.

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