With the NFTs market on a massive upswing, there has been a plethora of sales since January. Here are some to look out for in this week!
The “nft sales” is an NFT that has been listed on the market for a while. It’s price increased by 100% in the last week and it is expected to increase further in the next few days.
According to the market’s general perception, NFTs have already begun a downward trend, with volume for major exchanges down 30-60% on average. This might indicate that NFTs will begin to slow down in the following weeks.
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
The NFT market is seeing a slowdown in sales compared to the previous seven days, with LooksRare and OpenSea seeing a 35 percent fall in volume on average.
LooksRare generated $2.89 billion in sales with 6 thousand purchasers, down 30% from the previous week.
With 217k customers, OpenSea generated $726 million in sales, almost a 42 percent decline in sales volume from the previous week.
Magic Eden sold $26 million to 56 thousand people, representing an almost 60% drop in sales volume from the previous week.
Solanart sold $1.3 million to 5k people, a drop of over 80% from the previous week’s sales total.
AtomicMarket generated $4.7 million in sales with 38k purchasers, an almost 40% decline in sales volume from the previous week.
Rarible earned $626k in sales with 1,026 purchasers, down 70% from the previous week’s volume.
Every week, we witness an increase in interest in metaverse worlds; many people use the term “metaverse” without comprehending that many “metaverse platforms” are being built. We’ll go through the most important ones here.
The Sandbox sold for $10.2 million to 849 people.
With 415 purchasers, Decentraland achieved $7.7 million in sales.
With 120 purchasers, CryptoVoxels generated $644k in sales.
With 13 purchasers, Somnium Space achieved $151k in sales.
What Market Data on Collectibles Tells Us
In the NFT space, the top four collectibles by sales.
With a total of 6,634 purchasers who transacted 9,503 times, Karafuru generated $78 million in sales.
Pixelmon sold $50 million to a total of 6,440 purchasers who performed 8642 transactions.
Cool Pets generated $44 million in sales, with 11,376 consumers transacting 13,773 times — a 372 percent increase in sales volume over the previous week.
HAPE PRIME sold $42 million to 1,554 purchasers who transacted 2,129 times, representing a 90 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 games in terms of volume over the previous seven days will be featured.
In the previous several days, it seems like Axie Infinity has been rebounding aggressively while the NFT market has been pulling down.
Axie Infinity has a volume of $246 million.
The volume of DeFi Kingdoms was $170 million.
Pegaxy’s volume was $68 million.
What CryptoArt Is Trying to Tell Us
Even if the NFT market is suffering, art is still being sold. The top sales of the week were two XCopy art works.
Let’s have a look at it in more detail:
- In January, $61 million was sold.
- So far in February, $22 million has been sold.
In the NFT world, things happen every week. Prices fluctuate on a daily basis. That is why it is sometimes preferable to focus on tangible things such as data rather than the new flashy toy every day. So keep your concentration and have a wonderful weekend!
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