The NFT markets are on fire lately with Penguins, Apes, Punks, and World of Women, with rug pulls also happening in the space; perhaps it is worth speculating if this might be the biggest run we have had so far.
OpenSea is exploding, and now with the new Ethereum upgrade, OpenSea is one of the biggest ETH burners.
Big Sales of the Week
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $217.3M in sales with a total of 103k buyers who transacted 404k times – a 7.41% increase from last week.
CryptoPunks made $64.5M in sales with a total of 204 buyers who transacted 289 times – a 68% decrease in sales volume from last week.
Art Blocks made $48.9M in sales with a total of 2,257 buyers who transacted 5,642 times – a 1% decrease in sales volume from last week.
Bored Ape Yacht Club made $30.6M in sales with a total of 360 buyers who transacted 477 times – a 35% decrease in sales volume from last week.
The biggest NFT markets or marketplaces where you can buy technically any NFT standard on the Ethereum network are OpenSea and Rarible.
OpenSea made $475.5M in sales with 76k buyers, almost a 48% increase in sales volume from last week.
Rarible made $3.8M in sales with 3,271 buyers, a 23% decrease in sales volume from last week.
Top 4 New Collectibles in the Last 7 Days
This is a new segment where we evaluate the 4 latest best-selling collectibles every 7 days, according to OpenSea rankings.
Fluf World made $28.3M in sales.
World of Women made $13.3M in sales.
Vox Collectibles made $12.5M in sales.
FVCK_CRYSTAL// made $10.8M in sales.
What CryptoArt is Telling Us
CryptoArt sales are quickly bouncing up, with a great launch from FVCKRENDER. So let’s quickly break it down:
- June sold $16.18M
- July has sold $20.9M
- August has sold $24.3M
Art sales are picking up really strong this month; it looks that we are on track to do June and July sales amount together, meaning a total sales of $35-$40M for the month of August. We still have unique art and 1/1 outperforming open edition and multiple edition pieces. And SuperRare has sold more this month than Nifty Gateway.
Markets seem to be heating up a bit, like in early February, but we have more people in the space this time around, and it would be interesting to see how all of this develops in the future.
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Entrepreneur. Software Engineer. NFTs enthusiast. #NFT