NFT token sales dropped to $237 million last week. Despite this situation, some NFT tokens received intense interest. cryptocoin.com In this article, we focus on the top 5 NFT token collections.
NFT token sales decline
NFT sales had a busy year in 2021, with volume reaching $23 billion in the last 12 months. The NFT market is dominated by a handful of prominent leading names due to their popularity and rarity. The cryptocurrency boom over the past few years has helped a newer market hit record highs: These were digital collectibles known as NFTs. In fact, total NFT sales volume reached $23 billion last year as artists, investors and entrepreneurs descend on the burgeoning Web3 space. NFTs, or immutable tokens, are unique, irreplaceable, mostly digital items that users buy and sell online.
NFTs use blockchain technology to maintain a digital record of ownership, similar to cryptocurrencies. They were originally launched on Ethereum, the same blockchain that supports the cryptocurrency Ether, and most NFTs can still only be purchased using Ether. Despite the ongoing sell-off in cryptocurrencies, NFT sales are doing relatively well. Last week alone, sales reached $237 million, according to data from NonFungible.com. But that’s not as high as last week’s NFT sales, down about 29% from $335 million. According to NonFungible, these were the top five best-selling collections in the past week, with NFT sales soaring.
Top five NFT collections
5. Cool Cats. Sales volume: $5.4 million. Number of sales: 264. Highest selling price: $64,952. Cool Cats is a collection of randomly generated NFTs programmed on the Ethereum blockchain. Generation 1 consists of 10,000 cats randomly assembled from a total of over 300,000 options. It consists of Cool Cats with various outfits, faces and colors.
4. Sandbox. Sales volume: $7.9 million. Number of sales: 606. Highest selling price: $29,638. Sandbox is a community-driven UGC-voxel platform where users own their LAND and house their creative magic.
3. Doodles. Sales volume: $8.2 million. Number of Sales: 260. Highest selling price: $64,952. Doodles come in a delightful range of colors, features, and sizes, with a collection size of 10,000. The Doodles are a funky bunch who love to role-play or treat themselves to tasty treats.
Bored Ape Yacht Club is also on the list
2. CryptoPunks. Sales Volume: $37.0 million. Number of Sales: 57. Highest Selling Price: $607,676. 10,000 unique collectible characters 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. Number of Sales: 549. Highest Selling Price: $1.5 million. BAYC is the 10,000 Bored Ape NFT collection, the unique digital collection that lives on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card and provides access to member-exclusive benefits.
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