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The Weekly Rundown – NFT Sales June 18-25 2021

The NFT markets are rebounding well. Platforms like Rarible are raising money, and metaverses are getting lots of attention. CryptoArt sales are starting to reflect a small healthy trend again; it looks like that this summer might turn into something interesting.

Big Sales of the Week

Mortimer the Crypto Mystic for $308k
Commander Fluffy for $247k
Resurrection by EBI for $196k
C39 for $166k
Patient Panda for $156k

A General Overview on the Markets

The market sentiment is changing a bit, and there is a lot of traction on newer projects. However, CryptoPunks got kicked out from the top 4 collectibles in sales in the last 7 days, and Axie Infinity is still killing it.

Old projects are performing pretty well, but there are new ones attracting capital and eyeballs.

What Collectible Market Data Is Telling Us

Collectible Markets June 25

Top 4 Collectibles

As a quick summary, CryptoPunks got kicked out from the top 4 collectible list; Axie Infinity is making crazy sales again, and Wicked Cranium just joined the list.

Axie Infinity made $29.2M in sales with a total of 26k buyers who transacted 117k times – a 27% increase from last week.

NBA Top Shot made $9.7M in sales with a total of 36k buyers who transacted 288k times – a 41% decrease in sales volume from last week.

Bored Ape Yacht Club made $18.9M in sales with a total of 881 buyers who transacted 1,770 times – a 150% increase in sales volume from last week.

Wicked Cranium made $7.2M in sales with 2,660 buyers and 8,337 transactions.

NFT Markets

NFT Markets Sales Jun 25

The biggest NFT markets or marketplaces where you can buy technically any NFT standard in the Ethereum network are OpenSea and Rarible.

OpenSea made $46.5M in sales with 17k buyers, almost a 70% increase in sales volume from last week.

Rarible made $3.4M in sales with 3,500 buyers, a 31% increase in sales volume from last week.

What CryptoArt Is Telling Us

Crypto Art June 25

CryptoArt sales are slowly recovering. So let’s quickly break it down:

  • March made a top at $205M in sales.
  • June currently has sold $13.5M.

We are starting a small uptrend with a small rebound. We had $13M in sales for January 2021, and we already hit that target. So it looks like a small rebound, and we might be targeting around $15-$16M, a 20% increase from January top.

Summary

NFTs are more than they are showing right now to us. I recently had a talk about NFTs on a panel in Puerto Rico. People who don’t know much about the topic relate it more with the use case of art and collectibles, and granted, that’s a good use case, and a form of an MVP (minimum viable product) for the NFT technology, but we know it’s more than that. It’s infrastructure; IDs, passport, anything that needs to show proof of ownership, NFT technology could be applied.

So let’s keep our eyes on the bigger picture and enjoy the process.

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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.

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