Even though the NFT markets are experiencing some downturns, lots of cool projects are being launched like Doodles, with a great founding team. Because NFTs are less liquid than tokens, they are more volatile, in fact, even more volatile than micro-caps coins. But going back to the important let’s concentrate on this week’s sales data.
Big Sales of the Week
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $120M in sales with a total of 124k buyers who transacted 440k times – a 7% decrease from last week.
Doodles made $35M in sales with a total of 3,847 buyers who transacted 6,638 times.
CryptoPunks made $30M in sales with a total of 55 buyers who transacted 64 times – a 55% increase in sales volume from last week.
Kaiju Kingz made $24M in sales with a total of 827 buyers who transacted 1,276 times – a 67% increase in sales volume 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 $504M in sales with 171k buyers, almost a 15% decrease in sales volume last week.
Rarible made $3.36M in sales with 2,172 buyers, a 32% decrease in sales volume 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 (we pick the first 4 with less than 7 days of data).
JUNGLE FREAKS BY TROSLEY made $40M in sales.
Doodles made $35M in sales.
Kaiju Kingz made $24M in sales.
Metasaurs by Dr. DMT made $13M in sales.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- August sold $88.81M
- September sold $75.68M
- October so far $67.2M
Currently, the art conversations in Crypto Twitter that are taking the spotlight are from the big artist Murat Pak with Poets project. He also released “The Fungible Collection” around April in partnership with Sotheby’s, and 100 pieces (only 98 remaining as 2 were burned) of Complexity was given for free to the biggest cube purchaser at that time. Yesterday a Complexity was sold for $67k, and the floor is currently around $100k.
Remember to never overexpose yourself to any investment in the crypto or NFT markets. Markets will go up and down, but if you have NFTs or tokens that have been proven and are of good quality, you should be good. Always do your due diligence on projects as more and more scams are being created daily.
*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.