NFT Sales Rebound: Bitcoin and Ethereum Witness Surge in May

May saw a significant revival for non-fungible token (NFT) sales, with both Bitcoin and Ethereum platforms reporting substantial increases in transactions. According to CryptoSlam data, NFT sales volume on both chains surged by 15% compared to April, marking the beginning of a positive trend after several months of decline. This resurgence was driven by broader market dynamics, evidenced by notable jumps in transaction counts and trader numbers. Bitcoin recorded $76.7 million in May’s sales, while Ethereum reached an impressive $138 million. These figures highlight the renewed momentum for NFTs. The surge in activity on Bitcoin and Ethereum reflects a shift towards greater participation from both retail and institutional investors in the crypto space.