These Digital Images Are Worth More Than Most Homes — Over $220 Million Worth of NFTs Sold Last Week
On Sunday, August 22, data shows that during the last week, $221 million worth of non-fungible tokens (NFTs) across 55,252 sales. This weekend, the NFT project Art Blocks is the top-selling NFT project with $79.5 million in weekly sales followed by the Bored Ape Yacht Club (BAYC) with $30.4 million in NFT sales.
Art Blocks Captures Over $79 Million in NFT Sales This Past Week
While the crypto economy and bitcoin (BTC) prices have seen a revival, non-fungible token assets sold during the downturn, and continue to sell in the millions every day. For instance, the NFT project called Etherrocks has been selling rock JPEGs for hundreds of thousands of dollars.
EtherRock 87 purchased for Ξ187 Ether
9 mins ago (Aug-22-2021 06:39:03 AM +UTC)
Txn: https://t.co/0bICy16wX1#EtherRock #EtherRocks pic.twitter.com/muW95pOfz5
— EtherRock Price (@etherrockprice) August 22, 2021
Bitcoin.com News has also been reporting on NFT projects like Cryptopunks and Bored Ape Yacht Club (BAYC). While BAYC sold $30.4 million in NFTs during the last seven days, Cryptopunks pulled in around $28.1 million.
The top contender during the trailing seven-day period this week belongs to the Art Blocks project which has seen $79.5 million across 10,143 sales. During the last seven days, Art Blocks have sold for 650 ether ($1.8M), 420 ether ($1.1M), and 350 ether ($987K) per NFT.
BAYC’s $30.4 million was across 808 sales during the trailing seven-day period. The BAYC project has approximately 5,290 unique addresses holding BAYC NFTs and one wallet has 108 BAYCs out of the collection of 10,000.
Meebits, Veefriends, Deafbeef, Cyberkongz, Hashmasks, Goatz, Cool Cats, NFT Boxes
A number of other projects have also been moving up the sales ladder following the trends of Art Blocks, BAYC, Cryptopunks, and Etherrocks. Meebits has seen $2.4 million in sales this week across 203 sales.
There are 5,009 unique addresses that hold at least one Meebit NFT and one entity holds 346 Meebits. The most expensive Meebits sale last week was for $98,661 for Meebit #13523.
Another NFT project that’s gained notoriety is Veefriends which saw $1.8 million sold in seven days across 73 unique sales. 4,608 unique addresses hold at least one Veefriend NFT and a single entity holds 1,033 Veefriend NFTs at the time of writing.
Deafbeef did $8.7 million in sales and Cyberkongz sold around $7.9 million last week. Some NFT projects which used to be in the top five positions in terms of weekly sales have seen sales plummet. Hashmasks used to be a top contender, however, the Hashmasks project only saw $749K in sales last week.
There are 4,715 MASK owners collecting Hashmasks, and one entity owns 829 MASKs while the typical Hashmask owner owns around two on average. Many other NFT projects are moving up the ladder while older collections are getting less visibility.
Collections like Bastard Gan Punks V2, Zed Run, Goatz, NFT Boxes, Deadheads, Cool Cats, and more have been building fan bases. Out of the $221 million worth of NFT sales in the last week, Opensea’s large marketplace of 253,354 unique users, captured $61.8 million of those sales.
What do you think about the NFT images that sell for hundreds of thousands and even millions of dollars? Let us know what you think about these NFT projects in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Twitter, Nonfungible.com, Art Blocks, Etherrocks,
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