NFTs have unlocked a new paradigm where digital collectibles, art, and even virtual real estate hold tangible value. As September 2023 draws to a close, let’s delve into the NFT collections that have made the most significant impact in the market, based on trading volume. Here is our list of the top 5 NFT collections by volume traded in September 2023.
NFT History: Know your facts
NFTs represent unique digital assets verified using blockchain technology. Unlike cryptocurrencies like Bitcoin or Ethereum, where each token is identical (or fungible), each NFT has a distinct value and specific information that makes it unique. This uniqueness, backed by blockchain’s secure and immutable nature, has opened doors for artists, musicians, and creators from various fields.
Why Volume Matters for NFTs?
Trading volume offers insights into the popularity and liquidity of an asset. Higher trade volumes often indicate a higher level of interest and can signify the asset’s acceptance within the community. For NFT collections, volume can provide a snapshot of the collection’s…