The 5 most lucrative NFT collections of the past week

Andriy Onufriyenko via Getty Images

NFT trading volume fell nearly 29 percent last week from $ 335 million to $ 237 million.

However, compared to the ongoing sale in cryptocurrencies, non-fungible tokens have held up relatively well.

The five most traded collections also traded for several million dollars.

The cryptocurrency boom of recent years has helped a new market to record highs: digital collectibles known as NFTs. In fact, total NFT sales volume reached $ 23 billion last year as artists, investors, and entrepreneurs enter the burgeoning Web3 space. NFTs, or Non-Fungible Tokens, are unique, irreplaceable, mostly digital artworks that users buy and sell online.

NFTs use blockchain technology to maintain a digital record of ownership, similar to cryptocurrencies. They were first introduced on Ethereum, the same blockchain that powers the cryptocurrency Ether. Despite the ongoing sale in cryptocurrencies, NFT sales have remained relatively good. In the past week alone, sales totaled $ 237 million, according to data from NonFungible.com. However, sales fell by as much as 29 percent compared to the week before.

According to NonFungible, these were the top five best-selling collections of the past week:

5. Cool cats

7-day sales volume: $ 5.4 million
Sales: 264
Top price: NOK 64,952

Coolcatsnft.com

Explanation: “Cool Cats is a collection of programmatically randomly generated NFTs on the Ethereum blockchain. The 1st generation consists of 10,000 randomly selected cats from a total of over 300,000 options.”

4. Sandboxes

7-day sales volume: $ 7.9 million
Sales: 606
Highest price: 29,638
US dollars

Sandboxes

Explanation: “The Sandbox is a community-driven UGC voxel platform where users own their land and host their creative magic.”

3. Doodle

7-day sales volume: $ 8.2 million
Sales: 260
Highest price: 64,952
US dollars

OpenSea

Explanation: “Doodles come in a cheerful range of colors, features and sizes with a collection size of 10,000.”

2. CryptoPunks

7-day sales volume: $ 37.0 million
Sales: 57
Highest price: 607,676
US dollars

Rokas Tenys

Explanation: “10,000 unique collectibles with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement.”

1. Bored Ape Yacht Club

7-day sales volume: $ 39.8 million
Sales: 549
Top prize: $ 1.5 million

Sotheby’s

Explanation: “BAYC is a collection of 10,000 Bored Ape NFTs – unique digital collectibles that live on the Ethereum blockchain. Your Bored Ape acts as your Yacht Club membership card and provides access to membership benefits.”

also read

Hackers steal $ 1.7 million worth of digital artwork in attack on NFT platform OpenSea

This article is translated from English by Klemens Handke. You can find the original here.

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