The Weekly Rundown – NFT Sales December 4-10 2021

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The NFT space always surprises us. From big brands taking community phrases that sound cringe when they used them to punk4156 being sold for 2500 ETH; even the last Pak’s drop Merge created more value to collectors from a bug in the first smart contract. Lots of stuff is happening, but let’s just look at the data.

Big Sales of the Week

CryptoPunk #4156for $10.35M
Right-click and Save As Guyfor $7.09M
Ross Ulbricht Genesis Collection for $6.28M
Some Other Assholefor $2.28M

What Collectible Market Data is Telling Us

1641931567 collectible markets last 7 daus

Top 4 Collectibles

Axie Infinity made $99M in sales with a total of 158k buyers who transacted 499k times – a 22% decrease from last week.

CryptoPunks made $55M in sales with a total of 84 buyers who transacted 124 times – a 206% increase in sales volume from last week.

BAYC made $33M in sales with a total of 118 buyers who transacted 132 times – a 12% increase in sales volume from last week.

ApeKidsClub made $25M in sales with a total of 3,777 buyers who transacted 7,820 times – a 431% increase in sales volume from last week.

NFT Markets

1641931569 nft markets last 7 days

The biggest NFT markets or marketplaces where you can buy technically any NFT.

OpenSea made $461M in sales with 143k buyers, almost a 24% decrease in sales volume last week.

AtomicMarket made $5.84M in sales with 59k buyers, almost a 65% decrease in sales volume last week.

Solanart made $6.67M in sales with 10k buyers, almost a 22% decrease in sales volume last week.

Rarible made $3.19M in sales with 2,685 buyers, a 10% decrease in sales volume last week.

What CryptoArt is Telling Us

1641931571 crypto art last 7 days

Let’s quickly break it down for perspective:

  • October sold $95M
  • November sold  $66M
  • December so far $135M (including Pak’s sale of $92M approx.)

xCopy is making big sales in the space currently, and as mentioned in the intro, even when Pak makes mistakes, he creates more value to his collectors, can’t go wrong with Pak.

Summary

People are talking a lot about an NFT bear period, but lots of big sales are still happening, at least in the collectible and crypto art side of things for established artists. So it’s not clear if we will see a huge bear market, but more like downtrends in different parts of the market at other times. This week the NFT markets were super red on a week-to-week basis.

*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.

Source: https://nftplazas.com/the-weekly-rundown-nft-sales-december-4-10-2021/

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