NFT bulls increased by 4.3% in the last 30 days to 725,881, with Ethereum garnering the most attention with 46,722 collectors, and Solana/Polygon following close.
In April alone, there were approximately 5.5 million transactions in the NFT market according to sources. Ethereum had the most transactions, with almost 1.3 million recorded.
Polygon and Solana came in second and third, with 1.2 million and 756,000, respectively.
It is easy to see that despite recent regulatory pressure and a protracted v bear market, the NFT sector has maintained a multi-million dollar business, with over $732 million in trading sales volume in April.
The NFT market, overall, has shown remarkable endurance amid the recent overall crypto bear market, which has kept Bitcoin from surpassing the $30,000 barrier.
It is now a new month, and everyone wants to know: "Which NFTs should I be on the lookout for in May?"
Without further ado, here are some of them:
Tamadoge is our first pick for the finest NFTs to invest in May.
Tamadoge, a P2E platform, uses the TAMA token to incentivise users to purchase, sell, and trade Tamadoge pets, which are dog-like virtual characters issued as NFTs. Players may purchase these NFTs from the Tama shop and engage in community-wide tournaments with their virtual avatars to receive TAMA prizes.
$TAMA is the Tamaverse's native and utility token and is used for a variety of purposes, including transaction settlement, purchasing Tamadoge pets, and trading assets on the Tamaverse.
Lucky Block, the decentralized gaming ecosystem whose native crypto asset has increased by over 6,000% since its introduction in January 2022, has now published its highly anticipated NFT series.
Only 10,000 Lucky Block NFTs will ever exist, and being an exclusive token holder entitles investors to a slew of advantages.
Lucky Block, which was founded in 2015, is an innovative NFT initiative that provides a one-of-a-kind gaming experience. Each Lucky Block NFT is a virtual block that may be opened to reveal a random prize, such as rare objects or other valuable NFTs. Furthermore, the project has gained over 5 million users worldwide since its inception.
More details are available on the Lucky Block Website
Alpha Skier Club is the first skiing NFT collection, as well as the first Web3 digital ski resort, developed to bring together the passion of skiing and other snow sports through a cutting-edge Web3 community and Discord channel named "The Lodge."
Alpha Skier's purpose, as the FIRST skiing NFT collection, is to unite the passion of skiing and other snow sports through a cutting-edge web3 community and discord channel known as "The Lodge."
Each NFT serves as a golden ticket to the ASC Discord, where Alpha Skier delves into and shares stories, photos, and videos from our exhilarating powder days, as well as equipment preferences, new gear and fashionable attire, resort reviews, new tricks and terrain parks, and legendary ski stories.
More details are available on Alpha SKier's website
Game of Silks is a fantasy sports dynasty centred on the actual world of thoroughbred horseracing.
Players own digital replicas of real-life racehorses and receive awards and prizes depending on their performance both on and off the track.
The project's concept is for bulls to possess NFTs of the world's fastest thoroughbred racehorses. It is set up such that if a player owns the NFT of a racehorse that wins in real-world races, they are rewarded in the Silks metaverse. In addition, if a user's racehorse has progeny in the real world, they get paid.
From the day the horse is born, this NFT records the horse's genealogy, physical attributes, growth, and production in the actual world.
Game of Silks makes use of blockchain technology to provide players control over, governance over, and liquidity over their in-game assets.
More details on the Silks website
Dreamcycle is an 8,888-image generative NFT series that explores femininity, nature, and domesticity. Dreamcycle will be accessible on May 8, with a public mint period of 8 days, 8 hours, and 8 minutes.
Dreamcycle is an NFT collection that challenges viewers to pay close attention to details since each digital artwork has three areas of interest:
Visit the Dreamcycle website for more details
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.