The Weekly Rundown – NFT Sales June 4-10 2022

NFTs are a new breed of digital asset, with many properties and features that make them more appealing than traditional cryptocurrencies. Today’s market cap is just over $1 billion USD

The “opensea” is a decentralized exchange that allows users to trade digital assets without the need for intermediaries. The project has been in development since 2016 and has had a successful ICO.

Crypto markets continue to do their own thing, NFT collectors gradually drop their floor price, but billions of dollars are still being pumped into the area every week.

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 179k purchasers, OpenSea generated $202 million in sales, almost a 33 percent increase in sales volume from the previous week.

LooksRare generated $52 million in sales with 5,700 purchasers, down about 23% from the previous week.

Magic Eden sold $35 million to 113 thousand people, a drop of almost 11% from the previous week’s sales total.

Solanart sold $49k to 411 purchasers, representing an almost 12% rise in sales volume over the previous week.

AtomicMarket generated $1 million in sales with 32k purchasers, an almost 25% decline in sales volume from the previous week.

Rarible sold $48k to 303 purchasers, a 61 percent decline in sales volume from the previous week.

What Market Data on Collectibles Tells Us

Collectibles

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

With a total of 5,780 customers, We Are All Going to Die generated $21 million in sales.

Bored Ape Yacht Club sold $18.7 million to 83 customers, a 28 percent fall in sales volume from the previous week.

Goblintown sold $18 million to 1,094 people, a 36 percent decline in sales volume from the previous year.

Otherdeed sold $10 million to 571 customers, a 24 percent decline in sales volume from the previous year.

Top Collectibles’ Average Floor in the Last 7 Days

The data feeds for this area are provided by NFT Price Floor. Every 5 minutes, they gather NFT floor pricing.

The average floor in Goblintown is 5.85 ETH.

The average floor at the Bored Ape Yacht Club is 91 ETH.

Avg. floor of 2.5 ETH, on the other hand.

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 most popular games in the previous seven days are shown below.

The volume of DeFi Kingdoms was $57 million.

Axie Infinity’s volume was $19 million.

The Sandbox grossed $39 million in volume.

What CryptoArt Is Trying to Tell Us

Crypto Art

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. 
  • $58 million was sold in April.
  • So far in May, $[21.6]M has been sold (some data may be missing in cryptoart.io)
  • $17 million in June (some data may be missing in cryptoart.io)

Summary

Is this 2018 all over again? Data looks essentially the same these past several weeks, and collections are moving down. Let’s wait and see what occurs in the months ahead.

 

Related Tags

  • bored ape nft
  • nft marketplace
  • bitcoin price
  • non fungible token art

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