NFT sales have peaked recently when crypto markets are generally down. Sales reached $565 million last week. Cryptocoin. com, we focus on the 5 best selling digital collections in this article. NFT sales had a breakthrough year in 2021, with total sales volume rising to $14 billion. The NFT market is currently dominated by a handful of prominent leaders due to their popularity and rarity. These are the five best-selling digital collectibles that sparked an explosion in NFT sales last week.
NFT sales skyrocketed
The cryptocurrency boom over the past few years has helped a newer market hit record highs: these are digital collectibles known as NFTs. In fact, 2021 was a breakthrough year for NFTs with total sales exceeding $14 billion. Also this year, artists, investors and entrepreneurs had descended on the emerging 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. First, they were launched on Ethereum, and most NFTs can still only be purchased using Ether. Despite the ongoing sell-off in cryptocurrencies, NFT sales are doing relatively well. NonFungible. Last week alone, NFT sales reached $565 million, according to data from .com.
Best selling NFTs
According to NonFungible, with NFT sales soaring, these were the top five best-selling NFT collections in the past week:
5. FLUF World. 7-day sales volume: $7.9 million, sales: 670 and top selling price: $99,742. FLUFs are programmatically built from 270 features across 14 categories to be completely unique with at least three degrees of separation. This also excludes their expression, dance, stage and soundtrack. FLUFs are stored on the Ethereum blockchain as ERC721 tokens.
4. Doodles. 7-day sales volume: $9.3 million, number of sales: 318, and top selling price: $214,666. Doodles come in a delightful range of colours, features and sizes with a collection size of 10,000. Doodles are an interesting group that likes to role-play or transform themselves into tasty treats.
3. sandbox. 7-day sales volume: $9.9 million, sales: 910 and top selling price: $84,553. Sandbox is a community-driven UGC-voxel platform where users own their LAND and house their creative magic.
2. CryptoPunks. 7-day sales volume: $35.3 million, sales: 183 and top selling price: $951,844. 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: $75.8 million, number of sales: 916, and top selling price: $834,938. BAYC is a collection of 10,000 Bored Ape NFTs, the unique digital collection that lives on the Ethereum blockchain. Your Bored Ape is your Yacht Club membership card, giving you access to member-exclusive benefits.
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