A big trend is starting to be discussed in CT (Crypto Twitter), which is cash flow-generating NFTs. As more speculative and copy-paste projects keep flooding the markets, investors are trying to find stronger assets. As a result, they are betting on cash flow-generating NFTs and more specifically, play-to-earn, with Axie Infinity leading the trend.
On the other hand, it’s crazy to see how many big sales are still happening at the moment. Million-dollar sales are now regular every day, so it makes you wonder about market health, but let’s review our data for the week.
Big Sales of the Week
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $106M in sales with a total of 116k buyers who transacted 436k times – a 9% decrease from last week.
Art Blocks made $33M in sales with a total of 1,515 buyers who transacted 2,912 times – a 46% decrease in sales volume from last week.
Galaxy Eggs made $27M in sales with a total of 3,436 buyers who transacted 6,634 times – a 157% increase in sales volume from last week.
CryptoPunks made $22M in sales with a total of 112 buyers who transacted 159 times – a 19% 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 $559M in sales with 172k buyers, almost a 2% increase in sales volume last week.
Rarible made $5.3M in sales with 3,062 buyers, a 38% increase 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).
TIMEPiece Community made $21.5M in sales.
Cupcats Official made $15.8M in sales.
Anonymice made $14M in sales.
APE DAO REMIX! made $11.4M in sales.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- July sold $20.9M
- August sold $88.81M
- September so far $55.1M (approximation as we weren’t able to collect the exact hit en nunc sales amount in the last 7 days)
Looking at the trend, we can see that we had a local top in the current CryptoArt market during August, but September sales are still stronger than in July. So we will have to see how October does to determine if this is the start of another downtrend or if September is a support level before new highs.
If you follow the data trend and conversations in CT, you see where the trend in the NFT space is going, and it looks like it is moving towards cash flow-generating NFTs. So play-to-earn is an excellent place to start and do your research.
*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.