The NFT market has seen a slow down since the initial rush of sales in 2018. Despite this, there have been some major players release new games that are still going strong and set to do well over the course of next year.
The “NFT Sales” is a weekly newsletter that provides up to date information on the NFT market. It also includes a brief overview of what happened in the last week and how it will affect the future of cryptocurrency.
The market, like NFT pricing, has just retraced a little. Even LooksRare and OpenSea have seen a significant drop in trade volume in the recent several weeks, with a decline of 30-50 percent.
Money is still being exchanged in the top collections, and capital is being transferred from the lesser collections to the larger ones.
Let’s take a brief look at the numbers.
The Week’s Big Sales
NonFungible.com’s top sales in the past 7 days
NFT Markets is a company that specializes in non-traditional
With 202k purchasers, OpenSea generated $498 million in sales, almost a 56 percent decline in sales volume from the previous week.
LooksRare generated $495 million in sales with 4k purchasers, down about 28% from the previous week.
Magic Eden produced $5.35 million in sales with 16k purchasers, down almost 12% from the previous week.
Solanart sold $1.2 million to 3,600 people, a 52 percent fall in sales volume from the previous week.
AtomicMarket earned $3 million in sales with 36k purchasers, a nearly 48 percent drop in sales volume from the previous week.
Rarible sold $724k to 1,004 purchasers, a 44 percent increase over the previous week’s sales volume.
Every week, we witness an increase in interest in metaverse worlds; individuals just use the term “metaverse” without recognizing that many “metaverse platforms” are being built. As a result, we’ll go through the most important ones here.
The Sandbox sold for $6.7 million to 1081 people.
With 161 purchasers, Decentraland generated $1.3 million in sales.
With 18 purchasers, Somnium Space generated $124k in sales.
With 25 purchasers, CryptoVoxels generated $108k in sales.
What Market Data on Collectibles Tells Us
In the NFT space, the top four collectibles by sales.
Bored Ape Yacht Club sold $25.4 million to 75 customers who transacted 98 times, a 25% reduction in sales volume from the previous week.
Mutant Ape Yacht Club sold $25.2 million to 258 customers who transacted 337 times, representing a 2.74 percent increase in sales volume over the previous week.
Impostors Genesis generated $23 million in sales, with 1,450 purchasers transacting 2,390 times, a 200 percent increase in sales volume over the previous week.
MOAR sold $21 million to a total of 2490 purchasers who transacted 4077 times, representing a 71 percent increase in sales volume over the previous week.
Games based on cryptography
Every week, there are new games that promise fantastic gameplay and a large community. Axie Infinity is now the most popular P2E platform in terms of daily active users. The top three most popular games in the previous seven days are shown below.
Axie Infinity has a volume of $199 million.
The volume of DeFi Kingdoms was $70 million.
Tiny World Farmer generated $6 million in sales.
What CryptoArt Is Trying to Tell Us
Let’s have a look at it in more detail:
- In January, $61 million was sold.
- In February, $45 million was sold.
- $57 million was sold in March.
- So far in April, $38 million has been sold.
The NFT and crypto markets have been moving recently, but if the crypto bull market remains intact, we may expect a lot more upside in the months ahead. To better regulate your emotions, it’s sometimes best to take a vacation from the market and work on a hobby or side project.
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