The market for non-fungible tokens (NFTs) has seen a relief rally in the sales volume over the past 24 hours, while blockchain analysis firm Elliptic found that over USD 100m in NFTs have been stolen over the past year.
The overall trading volume of blue-chip NFTs has seen an uptick over the past day. At 7:00 UTC on Thursday morning, Yuga Lab's Bored Ape Yacht Club (BAYC) recorded USD 2m in sales, up by around 35% compared to the prior day, according to NFT data aggregator CryptoSlam.
Likewise, other blue-chip collections like Mutant Ape Yacht Club (MAYC), Azuki, and CryptoPunks saw their sales volume increase by around 56%, 311%, and 11%, over the past 24 hours, respectively.
The floor price of top collections like BAYC, MAYC, and Otherdeed also increased slightly over the past 24 hours, rising by around 9%, 8%, and 6%, respectively.
The jump in the NFT market comes just as the date for the first upgrade leading to the Ethereum Merge has been confirmed for September 6, while the...
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