This week’s featured collector is Doctaword

Doctaword has a high powered collection of Ethereum NFTs including a few Azukis, Mutant Apes and more. Check it out at lazy.com/doctaword

Last week’s poll highlights the diverse interests of individuals regarding the journey of NFT artists, offering a glimpse into what collectors and enthusiasts value most in this evolving digital art space. The majority, 40%, are most intrigued by the exploration of new technologies, emphasizing the role of innovation and technological experimentation in shaping the NFT ecosystem. This aligns with the core appeal of NFTs, which leverage blockchain technology to redefine concepts of ownership and creativity.

Interestingly, 20% of respondents resonate with blending tradition and innovation, showcasing an appreciation for artists who integrate classical art practices with cutting-edge tools. An equal percentage (20%) is drawn to the pursuit of maximum creativity, suggesting a demand for boundary-pushing artistic expression. Additionally, 20% value the balance between art and marketing, a nod to the challenges NFT artists face in navigating a market-driven landscape while preserving artistic integrity.

Collectively, the results suggest that collectors are most captivated by technological innovation and the creative strategies artists employ to thrive in the NFT space.

NFT Market Resurgence

The NFT market has kicked off December on a robust note. Ethereum continues to dominate as the leading blockchain for NFTs, with $92 million in weekly sales during the first week of December—a 44.69% jump compared to the prior week. This surge was fueled by standout collections like Pudgy Penguins, which experienced a 346% sales growth to hit $25 million, and CryptoPunks, which secured $16.5 million in sales. The rising floor prices of these collections underscore sustained demand and growing confidence among collectors and investors. For instance, Pudgy Penguins’ floor price rose from 13 ETH to 20.9 ETH.

Notably, the broader NFT market has displayed a strong recovery trajectory since its September low—the weakest point since 2021. Sales volumes rebounded in October and surged 57% month-on-month in November, culminating in $562 million in total sales for the month. This upward momentum has carried into December, with the opening week recording over $187 million in sales, outpacing November’s strongest week at $181 million. The continued resurgence highlights renewed market vitality following the earlier downturn in 2023.

While Ethereum leads the pack, Bitcoin-based NFTs claimed the second spot with $43.8 million in weekly sales, underscoring the growing traction of Ordinals and other Bitcoin-native NFT innovations. Other blockchains like Solana, Immutable, and Polygon collectively contributed $47 million, reinforcing the multi-chain narrative as a key trend in the NFT ecosystem.

For NFT collectors, this data reflects not only the enduring appeal of blue-chip collections but also the market’s ability to adapt and innovate. The return of NFTs signals a blend of maturing market dynamics and sustained collector interest, especially in ecosystems like Ethereum.

What’s Fueling the NFT Boom?

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