DeFi News Daily Official TheBitTimes.com

The global non-fungible token market has continued to record negative growth this new year. For another week, the NFT market has plummeted in terms of trading sales volume and floor price values. In the past seven days, the NFT market has recorded a trading sales volume of $106 million, down 30% from the past week. In this article, we shall explore the full state of NFTs in the past seven days. NFT Sales Fall 30% In The Past 7 Days Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer, shows that the NFT market has recorded negative gains again this week. In the past seven days, the global NFT market has attracted a trading sales volume of $106 million, down 30% from the past week. The global NFT market raised $115 million, down 11% from the previous week. Ethereum, the blockchain network renowned in the NFT market for powering most of the top NFTs, is the most-traded blockchain network in the NFT market...

In a remarkable departure from the digital realm of cryptocurrencies, Pudgy Penguins, a standout NFT project during the bear market, is set to introduce 26 unique toys into the inventory of 2,000 Walmart stores. This audacious move has sparked an immediate surge in the floor price of the Pudgy Penguins collection, soaring by over 11% to reach 5.2 ETH, all thanks to the announcement that the world’s largest retailer, with a colossal $600 billion revenue in 2022, is endorsing these crypto-inspired toys. As a consequence of this groundbreaking partnership, daily trading volume experienced an astonishing spike, surging by over 270% to a staggering 849 ETH, equivalent to $1.3 million, firmly positioning it as the second-highest in that time frame, just behind the renowned Bored Ape Yacht Club, according to CoinGecko. Walmart’s decision to champion a crypto-native project marks a much-needed revival for the NFT space, grappling with a substantial downturn following an extravagan...