Markets keep being volatile, as always, and now more so with almost all of Crypto Twitter (CT) participating in the NFT ecosystem. This past week we saw some major action, including the auction of 101 Bored Apes on Sotheby’s, which concluded with a $24 million sale.
Most projects will fail, some will succeed, but the important part is that we are building something big and different here.
Let’s begin with our sales data.
Big Sales of the Week
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $155M in sales with a total of 115k buyers who transacted 443k times – a 7% increase from last week.
Loot made $119M in sales with a total of 1,039 buyers who transacted 2k times – a 4% increase in sales volume from last week.
CryptoPunks made $48M in sales with a total of 70 buyers who transacted 96 times – an 83% decrease in sales volume from last week.
Bored Ape Yacht Club made $45M in sales with a total of 196 buyers who transacted 256 times – a 65% decrease 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 $861B in sales with 154k buyers, almost a 45% decrease in sales volume last week.
Rarible made $3.5M in sales with 1,987 buyers, a 47% 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 new best-selling collectibles every 7 days, according to OpenSea rankings.
The Sevens made $39M in sales.
The n Project made $28M in sales.
Bloot made $28M in sales.
CrypToadz made $15M 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 $26.2M
CryptoArt sales are going strong, even in this market’s conditions. We are on track to do $60-$80M by the end of the month. It’s interesting to see posts on Twitter now supporting small creators in the space, and for sure, we can see new talent being developed and supported.
A curious detail that I haven’t taken into consideration while building all of these analyses is that even though we see huge numbers, there are not more than 100-200k (without taking into consideration Axie Infinity) people that interacted with the NFT space being a buyer or seller in the last 30 days. (source CryptoSlam.io).
We are still a small segment of Crypto but will become big really quickly.
*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.