The Weekly Rundown – NFT Sales February 19-25 2022

The most popular use cases for NFTs are games and trading cards, as both uses allow players to own specific items in a digital world. The top three weeks of sales were dominated by CryptoKitties which made up 40% of the market share. There was also an uptick in crypto collectibles following the introduction of new ERC-721 tokens.

The “nft sales” is a weekly summary of the latest nft sales. For the week ending February 19, 2022, there have been $2.7 million in sales.

The market, as well as NFT pricing, had suddenly plunged. Even the value of tokens on markets such as Rarible and LooksRare has plummeted.

But that’s the way the market works. 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 45 percent drop in volume on average.

With 227k purchasers, OpenSea generated $645 million in sales, almost a 37 percent increase over the previous week.

Magic Eden achieved $17.5 million in sales with 72k purchasers, an almost 70% 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 generated $8.3 million in sales with 51k purchasers, about a 34% increase in sales volume from the previous week.

Rarible sold $488k to 947 purchasers, a 19% decline in sales volume from the previous week.

LooksRare generated $645 million in sales with just 5k customers, down 64% from the previous week.

Metaverse

Metaverse

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 $7.8 million to 606 people.

Decentraland sold $4.3 million to 284 people.

With 85 customers, CryptoVoxels earned a profit of $500,000.

With 13 purchasers, Somnium Space generated $262k in sales.

What Market Data on Collectibles Tells Us

Collectibles

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

mfer generated $24 million in sales, with 1,132 customers transacting 2k times – a 16 percent increase in sales volume over the previous week.

NFT Worlds generated $21.1 million in sales, with 342 purchasers transacting 488 times – a 39 percent increase in sales volume over the previous week.

BAYC generated $18.7 million in transactions with a total of 64 purchasers who transacted 70 times, down 18 percent from the previous week.

Azuki sold $16.7 million to 386 purchasers who transacted 464 times, a 56 percent drop in sales volume from the previous week.

Games based on cryptography

CryptoGames

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 $113 million.

DeFi Kingdoms grossed $100 million in sales.

Pegaxy’s volume was $32.8 million.

What CryptoArt Is Trying to Tell Us

Crypto Art

We’re halfway done with February, and we’re just 32% of the way to matching last month’s sales volume.

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

  • In January, $61 million was sold.
  • So far in February, $42 million has been sold.

Summary

The NFT and crypto markets are both in the red, but if the crypto bull market holds, we could see a lot more upside in the months ahead. It’s sometimes best to step away from the market, do something else, and then return with a new viewpoint.

 

Related Tags

  • nft trading platform
  • selling nft
  • nft collectibles

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