A recent surge in non-fungible token (NFT) sales has seen two digital art pieces inspired by Vincent Van Gogh’s paintings sell for over $1 million each this week.
According to data from on-chain aggregator CryptoSlam.io, an NFT version of a Van Gogh painting sold for 35.9999 BTC ($1,313,635) on November 18, while another went for 34.9999 BTC ($1,275,612) just a day before on the Bitcoin network.
The soaring prices echo the frenzied interest seen in NFTs earlier this year and suggest a revival for the market, which had slowed down in recent months. CryptoSlam.io data shows global NFT sales jumped 40% in the second week of November to hit $238 million.
Interestingly, NFT collections on the Bitcoin network have outpaced those on Ethereum, raking in $100 million versus $93 million.
Some analysts see the million-dollar sales as a bullish sign for NFTs. As digital art continues to gain legitimacy in the mainstream art world, more record-breaking auction prices could be on the horizon.
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