The NFT space has been outperforming the crypto space in the last couple of weeks. New projects are performing well, and older, established ones like Axie Infinity are killing it.
Big Sales of the Week
A General Overview on the Markets
Markets are even more bullish than last week, with Axie Infinity making almost $200M in sales in the last 7 days. People are starting to look into different possible games in the space and speculating on different crypto games. Overall the NFT space is doing quite well.
What Collectible Market Data Is Telling Us
Top 4 Collectibles
As a quick summary, Art Blocks got added to the list; Axie Infinity broke another record with almost $200M sales in just 7 days ($195.5M to be exact).
Axie Infinity made $195.5M in sales with a total of 80k buyers who transacted 352k times – a 67% increase from last week.
CryptoPunks made $13.6M in sales with a total of 154 buyers who transacted 205 times – a 12% increase in sales volume from last week.
Bored Ape Yacht Club made $11.6M in sales with a total of 601 buyers who transacted 1,085 times – a 325% increase in sales volume from last week.
Art Blocks made $6.9M in sales with a total of 966 buyers who transacted 3,004 times.
The biggest NFT markets or marketplaces where you can buy technically any NFT standard on the Ethereum network are OpenSea and Rarible.
OpenSea made $64.64M in sales with 24k buyers, almost a 57% increase in sales volume from last week.
Rarible made $2.9M in sales with 3,534 buyers, an 18% increase in sales volume from last week.
What CryptoArt Is Telling Us
CryptoArt sales are slowing down. So let’s quickly break it down:
- June sold $16.18M
- July has already sold $8.5M
Last month we saw a small rebound, and at the current rate, it is looking tough for the rebound to sustain itself. Most likely, we will end the month around $12-14M, and a good sign would be ending above June top at $16.18M
The NFT space keeps blowing up, but what we are missing at this stage is more experimentation between NFT and DeFi projects; the future is exploring all economic avenues that NFT technology makes possible. We expect more projects with this combination will soon start appearing, let’s see what it will bring.
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*All investment/financial opinions expressed by NFT Plazas are from our site moderators’ research and experience and are intended as educational material only. Individuals are required to research any product before making any investment thoroughly.
Entrepreneur. Software Engineer. NFTs enthusiast. #NFT