Nansen’s NFT indexes quarterly report for Q2 can make investors happy

ambcrypto.com:

In a newly published report, popular analytics platform Nansen assessed the performance of the NFTs market in the second quarter of the year. 

Using its NFT indexes, Nansen found that blue chip NFTs recorded an uptick in sales volume in June despite having a gloomy quarter. In the last quarter, there was a significant development of NFTs as a sector, as a review of the monthly returning and first-time buyers of NFTs on ETH revealed continued growth in market participants actively buying NFTs.

Noting the impact of macroeconomic factors on the performance of the general cryptocurrency market and an initial decline in sales volume for most NFT projects, Nansen, in its report, found that at the end of the last quarter, all NFT sectors apart from Gaming NFTs posted a recovery. 

Taking a cue from its Blue Chip-10 (ETH) index, Nansen stated that Blue Chip NFTs led this bounce as early as 5 June. 

“Blue Chip-10 index reported an increase of 23.6% at the end of Q2, leading the NFT market. In June alone, the Blue Chip-10 index reported a 17.9% increase in the 30 days.”

Source: Nansen NFT Indexes Performance

Moreover, Nansen stated that of all the NFT sectors, which include art NFTs, gaming NFTs, social NFTs, and metaverse NFTs- art NFTs saw the most significant recovery in June following the bearish run that plagued the second quarter.

It found that art NFTs registered a 33.1% increment in sales volume in June. The analytics firm added further that Generative Art NFTs accounted for most (92%) of the Art-related NFTs in the index.

Source: Nansen Art-20 Index

The NFT-500 (ETH) is a Nansen index designed to track the market activity of the top 10 NFT collections, weighted by market capitalization. 

In the last quarter, Nansen found that the