The NFT market had somewhat of a dip in the last couple of days, and people started to panic; meanwhile, Loot started to gain huge traction, recently making $50M in the last 24 hours.
Other collections are slowing down, but we still have two big events coming soon to Christie’s as well as Sotheby’s.
Big Sales of the Week
What Collectible Market Data is Telling Us
Top 4 Collectibles
CryptoPunks made $273M in sales with a total of 363 buyers who transacted 647 times – a 37% increase in sales volume from last week.
Mutant Ape Yacht Club made $208M in sales with a total of 4,924 buyers who transacted 8k times.
Art Blocks made $190M in sales with a total of 4,782 buyers who transacted 10k times – a 30% decrease in sales volume from last week.
Axie Infinity made $135M in sales with a total of 105k buyers who transacted 413k times – a 21% decrease from last week.
The biggest NFT markets or marketplaces where you can buy technically any NFT standard on the Ethereum network are OpenSea and Rarible.
OpenSea made $1.58B in sales with 176k buyers, almost a 42% increase in sales volume last week.
Rarible made $6.48M in sales with 3,811 buyers, a 57% increase in sales volume from last week.
Top 4 New Collectibles in the Last 7 Days
This is our segment where we evaluate the 4 latest best-selling collectibles every 7 days, according to OpenSea rankings.
Mutant Ape Yacht Club made $208M in sales.
Loot made $145M in sales.
Bored Apes Chemistry Club made $66M in sales.
Creature World NFT made $45M in sales.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- July has sold $20.9M
- August has sold $88.81M
- September so far $11.2M
From July to August, we did almost a 3-4x on sales, depending on how many Crypto Art platforms you consider. We might see sales starting to slow down a bit, but we started September strong, and people have an urge this time for 1/1 compared to March. SuperRare has done so far this month $5.17M and NiftyGateway $1.86M.
Cycles will always keep happening. The last couple of days’ small downtrend is to teach newcomers that if crypto is volatile, NFTs are 10x more volatile as you can’t market sell. Just buy what you like and never over-expose yourself. Have a great weekend!
*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.