Polygon NFT landscape has its historic moment, more inside

Polygon NFT landscape has its historic moment, more inside

January 9, 2024

By Aniket Verma

NFT sales worth more than $36 million were recorded on Polygon PoS in the last week.

The driving force was the collections from Web3 game Gas Hero.

Polygon’s [MATIC] non-fungible token (NFT) ecosystem was in the middle of an impressive show, compelling market observers to sit up and take notice.

Historic feat for Polygon

Recently, the network reached a historic milestone after it overtook traditional powerhouse Ethereum [ETH] in 24-hour NFT sales for the first time, according to an X (formerly Twitter) post.

At press time though, Polygon slipped back to the third position, AMBCrypto discovered using the latest data from CryptoSlam.

However, even temporarily outperforming its base layer in one of the important Web3 sectors was a significant achievement for a layer-2 (L2) network.

Polygon’s NFT landscape witnessed a considerable expansion since the start of 2024. NFT sales worth more than $36 million were recorded in the last week, marking a threefold jump from the period before.