In the last week, over $2.5 billion worth of NFTs have been sold in total. The most popular ones being CryptoKitties which brought in a little under $1/billion and CryptoPunks followed with just under $0.4/billion
The “nft sales” is a weekly report that tracks the top NFTs for sale on the market. The report includes data from December 18-24, 2021.
We’re approaching the end of the year, and it’s visible in NFT world. Markets are cooling down a little; Punks have lost 50% of their value in the previous few months and were even flipped by the BAYC, which seem to be in good shape but might follow in the footsteps of Punks and be flipped by another collection in the future.
Collectibles and markets are slowing down; even Axie Infinity, a great success in recent months, is in its second week of sales below $100 million.
Let’s take a brief look at the numbers.
The Week’s Big Sales
–CryptoPunk #9953 for $1.57M –Dragon – Red VOX #4462 for $1.48M –CryptoPunk #9137 for $1.22M –Machine Hallucinations – Nature Dreams: AI Data Sculpture 2021 1/1 for $1.18M –Machine Hallucinations – Nature Dreams: AI Data Sculpture 2021 1/1 for $1.18M
What Market Data on Collectibles Tells Us
The Top Four Collectibles
Axie Infinity generated $50.5 million in sales this week, with 118k consumers transacting 342k times, down 25% from the previous week.
Adidas Originals achieved $50.1 million in sales, with 11 thousand purchasers transacting 15 thousand times.
Crypto Punks achieved $32 million in sales, with 87 purchasers transacting 108 times – a 10% increase in sales volume over the previous week.
CloneX produced $31 million in sales, with 709 purchasers transacting 929 times – a 77 percent drop in sales volume from the previous week.
NFT Markets is a company that specializes in non-traditional
The most important NFT markets or marketplaces, where you may purchase any NFT technology.
With 180k purchasers, OpenSea generated $498 million in sales, an almost 24% decline in sales volume from the previous week.
Solanart sold $7.5 million to 13 thousand people, representing an almost 15% rise in sales volume over the previous week.
AtomicMarket produced $4.24 million in sales with 47k purchasers, down almost 22% from the previous week.
Rarible sold $3.96 million to 2k purchasers, a 19 percent decline in sales volume from the previous week.
What CryptoArt Is Trying to Tell Us
Let’s have a look at it in more detail:
- In October, $95 million was sold.
- In November, $66 million was sold.
- So far in December, $164 million has been spent (including a $92 million sale by Pak).
Let’s end the year on a high note by only participating in great collectibles communities, whether it’s art or anything else. Look for a strong founding team and a sense of community, since NFTs are likely to get crazier and riskier in the next year as a result of the enormous flood of individuals establishing new ventures.
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