A Zcash-native NFT project called zkSnarks held a blind auction that raised roughly $17 million by selling 8,000 NFTs at 1.5 ZEC each, with secondary trading surpassing 5,000 ZEC soon after launch.

Overall, diverse blockchains are driving meaningful NFT volume, signaling evolving cross-chain demand and market dynamics.

CryptoPunks generated about 1,309 ETH (roughly $3.58 million) in the week leading up to the period, representing around 40% of that collection’s monthly trading volume.

The broader signal shows cross-chain NFT activity across Ethereum, Solana, and Zcash, with legacy collections acting as stores of value, premium art markets taking root on Solana, and new ecosystems like Zcash drawing significant NFT capital.

Critics question zkSnarks’ utility relative to its fundraising, highlighting ongoing scrutiny of high-valuation NFT launches.

Solana’s Boogles collection posted September sales of 8,700 SOL across 10 transactions, totaling over $1 million and drawing participation from figures like WhiteWhale and Se Yong Park.

The zkSnarks auction reserves 1,000 NFTs for the team and treasury and imposes a 5% royalty on secondary sales, while marketing underlines privacy through Zcash’s zero-knowledge technology.