The Weekly Rundown – NFT Sales February 12-18 2022

The NFT sales chart shows that the number of tokens being sold in February has been on a slow decline relative to January.

The “nft sales” is a weekly rundown of all the NFTs that were sold on the crypto market during the week.

The market, as well as NFT pricing, had suddenly plunged. Even LooksRare has taken a blow in recent weeks, with a 50-60% drop in trade volume and a significant drop in token value.

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

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 $864 million in sales with just 6k purchasers, down 70% from the previous week.

With 228k customers, OpenSea generated $936 million in sales, about a 6% increase in sales volume over the previous week.

Magic Eden sold $30.8 million to 72 thousand people, a 52 percent decline in sales volume from the previous week.

Solanart sold $1.5 million to 9k people, a drop of almost 43% from the previous week’s sales total.

AtomicMarket produced $6.2 million in sales with 48k purchasers, down about 4% from the previous week.

Rarible sold $331k to 776 purchasers, a 47 percent decline in sales volume from the previous week.

Metaverse

Metaverse Sales

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 1,182 copies for $13.1 million.

Decentraland sold $4.3 million to 284 people.

With 76 purchasers, CryptoVoxels generated $440k in sales.

With 13 purchasers, Somnium Space earned $186,000.

What Market Data on Collectibles Tells Us

Collectibles last 7 Days

In the NFT space, the top four collectibles by sales.

CryptoPunks sold $38 million to 45 purchasers who transacted 58 times, a 62 percent increase in sales volume over the previous week.

Azuki sold $37.9 million to a total of 561 purchasers who transacted 794 times, representing a 17 percent increase in sales volume over the previous week.

Karafuru generated $24 million in sales, with 1,276 purchasers transacting 1,678 times – a 67 percent drop in sales volume from the previous week.

Axie Infinity achieved $23.6 million in sales, with 101k consumers transacting 295k times — a 20% decline in sales volume from the previous week.

Games based on cryptography

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.

Axie Infinity’s volume was $131 million.

The volume of DeFi Kingdoms was $109 million.

Pegaxy generated $61.8 million in volume.

What CryptoArt Is Trying to Tell Us

Crypto Art Last 7 Days

We’re a little over halfway through February, and in terms of sales, we’re half way to matching last month’s volume.

Let’s have a look at it in more detail:

  • In January, $61 million was sold.
  • So far in February, $32 million has been sold.

Summary

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. It is often preferable to take a vacation from the market to pursue a hobby or side activity in order to better regulate your emotions.

 

Related Tags

  • nft prices
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  • where to buy nft tokens

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