Polygon NFT sales surpass Ethereum, driven by RWA-based Courtyard

The NFT panorama undergoes a exceptional shift, with a sale on polygon that surpasses Ethereum for the primary time.

In response to Data from CryptoslamNFT -Op Polygon (Pol) reached $ 22.1 million within the seven days previous to Aprill 22, with Ethereum (ETH) being surpassed, which was second with $ 21.8 million in weekly gross sales.

Along with the overall turnover, Polygon additionally exceeded Ethereum within the variety of particular person consumers. Prior to now week, 39,027 consumers purchased NFTs on Polygon – a leap of 81.61%. For comparability: Ethereum registered 36,544 particular person consumers.

RWA Undertaking Courtyard burns the expansion of Polygon

The first driver behind the rise of Polygon is Courtyard, a Actual -World Asset (RWA) undertaking that integrates NFTs. Courtyard was good for $ 20 million turnover within the final seven days, making it the vast majority of the NFT quantity of Polygon. On April 22 alone, the undertaking registered $ 2,746 million in NFT gross sales.

Courtyard sells bodily commerce playing cards, every akin to an NFT on the Polygon community. These embody uncommon baseball, basketball and Pokémon maps, which holds Courtyard in a secure. The undertaking additionally has a digital automated transmission that provides customers random playing cards to start out gathering.

The rise of polygons-based courtyard runs parallel with the development of Layer 2 networks that go into meals within the site visitors and the dominance of Ethereum. This has led to criticism amongst ETH holders, who imagine that Ethereum permits Layer-2 networks to overcome an excessive amount of worth from the ecosystem.

But Polygon stays deep linked to the broader community of Ethereum. It advantages from the decentralization and security of Ethereum, and its EVM compatibility ensures interoperability with Ethereum fundamental layers and different L2s.