Home Markets Tezos NFT Market Continues to Shine in July Despite Crypto Market Drop

Tezos NFT Market Continues to Shine in July Despite Crypto Market Drop

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Tezos NFT Market Continues to Shine in July Despite Crypto Market Drop

The Tezos NFT market in July

Despite a recent market slump, Tezos’ NFT market reached record and historic sales in the month of July with fx (hash) recording almost $4 million in sales and artists such as Marina Abramović, Iskra Velitchkova and Zach Lieberman , and Zancan all won big on Tezos.

Renowned conceptual and performance artist Marina Abramović NFT debut grossed over US$300,000 in the first 24 hours this week on the Circa Art platform. Abramović’s THE HERO 25FPS marks the artist’s entry into web3 and the first example of performance art created on Tezos.

Other significant sales include a piece by generative artist Zancan which sold on the secondary market for 113,000 USD, making it the second highest individual sale on Tezos.

Plus, a collaboration between artist Iskra Velitchkova and Zach Lieberman net over $350,000 in primary sales, making it one of the best-selling projects on Tezos to date.

In addition to these top sellers, the Tezos NFT art community held an event called 1-of-1 Month celebrating unique editions of generative artwork minted on the Tezos blockchain.

The event surpassed USD 300,000 in the primary market Sales. A total of 7,670 editions were produced, by a group of 2,195 artists of varying styles and mediums.

Some notable 1-over-1-month artists include Reubenfro, Laurence Fuller, Frederic Vanhoutteand Sutu.

And finally, the auction platform Vertical Cryptography Art hosted London’s first in-person NFT festival, Evidence of peopleat the famous Fabric London.

There were over 2,000 attendees and an auction around the event generated sales totaling US$64,000. The three-day festival featured over 70 artists such as Misan Harriman, Mario Klingmann, Sophie Crespo, DJ Richie Hawtinand much more.

These incredible sales figures and successful activations highlight the influence of the Tezos blockchain in the NFT market today.

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