The Weekly Rundown – NFT Sales February 26 – March 4 2022

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The market has been tricky lately. With the Russia and Ukraine conflict, inflation around the world, and uncertainty everywhere, people are really wondering what will happen in the upcoming weeks with NFT prices. No one knows, but this is a crucial moment in history and the NFT space.

But that’s life, and it’s tricky; what’s not tricky is data. Let’s quickly look at the data.

Big Sales of the Week

Top sales in the last 7 days by NonFungible.com

NFT Markets

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NFT market sales are having a slowdown compared to the last 7 days and a 45% average decrease in volume for LooksRare and OpenSea.

OpenSea made $604M in sales with 220k buyers, almost a 30%decrease in sales volume last week.

Magic Eden made $1.42M in sales with 9k buyers, almost a 80% decrease in sales volume last week.

Solanart made $951k in sales with 5k buyers, almost a 22% decrease in sales volume last week.

AtomicMarket made $3.18M in sales with 38k buyers, almost a 60%decrease in sales volume last week.

Rarible made $290k in sales with 752 buyers, a 123% decrease in sales volume last week.

LooksRare made $470M in sales with 4k buyers, a 16% decrease in sales volume last week.

Metaverse

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Every week we see the interest in metaverse worlds; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. So here we cover the top ones.

The Sandbox made $5.6M in sales with 552 buyers.

Decentraland made $4.35M in sales with 284 buyers.

CryptoVoxels made $502k in sales with 85 buyers.

Somnium Space made $287k in sales with 14 buyers.

What Collectible Market Data is Telling Us

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Top 4 collectibles by sales in the NFT space.

Invisible Friends made $43M in sales with a total of 1,409 buyers who transacted 2k times – a 38% increase in sales volume from last week.

WonderPals made $23.5M in sales with a total of 12k buyers who transacted 16k times.

3Landers made $19.6M in sales with a total of 1,920 buyers who transacted 2,914 times- a 52% decrease in sales volume from last week.

Bored Ape Yacht Club made $18.3M in sales with a total of 59 buyers who transacted 61 times- a 8% decrease in sales volume from last week.

Crypto Games

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There are more games that promise great gameplay and a big community every week. Currently, Axie Infinity is number one in the P2E world by daily active users. Below are the top 3 games in volume in the last 7 days.

DeFi Kingdoms made $117M in volume.

Axie Infinity made $101M in volume.

Pegaxy made $27M in volume.

What CryptoArt is Telling Us

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February closed a little bit weaker compared to other months. Crypto art sales are declining little by little, and it seems that a new cause of that is the latest shiny object in the play-to-earn space and the hundreds of collectibles that are launched every single day.

Let’s quickly break it down for perspective:

  • January sold $61M
  • February sold $45M
  • March has sold so far $1.7M

Summary

Every part of the NFT and crypto markets are super red. Many important issues are going around the world that will keep the needs unstable for a couple of times. The best thing to do is study the data, but as you can see, multiple NFT markets are down for an average of 60% in volume from the last 7 days. Be safe!

*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-february-26-march-4-2022/

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