NFT sales drop to $237 million over the past week. These were the five most popular digital collections
By Admin
The cryptocurrency boom over the past few years has helped propel a new market to record highs: digital collectibles known as NFTs. In fact, NFT sales have totaled $23 billion over the past year as artists, investors, and entrepreneurs venture into the nascent Web3 space.
NFTs, or non-fungible tokens, are unique, irreplaceable, mostly digital items that users buy and sell online. NFTs use blockchain technology to maintain a digital record of ownership, similar to cryptocurrencies. They were first launched on Ethereum, the same blockchain that supports the Ethereum cryptocurrency, and most NFTs can still only be purchased with Ether.
Despite the ongoing crypto sell-off, NFT sales have held up relatively well. Last week alone, sales reached $237 million, according to data from NonFungible.com. But that's not as high as last week's NFT sales, down about 29% from $335 million.
With NFT sales on the rise, these five sets were the best-selling over the past week, according to NonFungible. cool cats .5 7-day sales volume: $5.4 million Number of sales: 264 Highest selling price: $64,952 Explanation: “cool cats are a group of NFTs that are randomly generated programmatically on the Ethereum blockchain. The first generation consists of 10,000 cats that were randomly collected from a total selection of more than 300 thousand.
“Adorable cats with a variety of clothes, faces, and colors – all cats are adorable, but full ones are the coolest.” Sandbox.4 7-day sales volume: $7.9 million Number of sales: 606 Highest selling price: $29,638 Explanation: “Sandbox is a community-driven UGC-voxel platform where users own their land and host their creative magic.”
Doodles
3. 7-Day Sales Volume: $8.2 Million Number of Sales: 260 Highest Selling Price: $64,952 Explanation: “Doodles come in a cheerful array of colors, themes and sizes with a batch size of 10,000. Doodles are a funky bunch who love to role-play or transform themselves into delicious treats.
Uploading your doodles allows you to participate in coordinating the Doodles community. CryptoPunks. 2 7-day sales volume: $37.0 million Number of sales: 57 Highest selling price: $607,676 Explanation: “10,000 unique collectible figures with proof of ownership stored on the Ethereum blockchain.
The project that inspired the modern CryptoArt movement. Bored Ape Yacht Club 7-day sales volume: $39.8 million Number of sales: 549 Highest selling price: $1.5 million Explanation: “BAYC is a group of 10,000
Bored Ape NFTs- unique digital collectibles
It lives on the Ethereum blockchain. bored ape doubles as your yacht club membership card, granting access to members-only benefits Source- Bored Ape Yacht Club Beats CryptoPunks for Top Selling NFT Last Week (businessinsider.com)
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