We are about to close the first month of 2022, and the craziness in the space and drama is exponentially growing every week. From OpenSea BAYC exploits to apparent DeFi scams, it’s getting tough in the crypto space. That’s why sometimes it is better to avoid the FOMO and look at more solid criteria like data points and the founding team’s track record. So let’s go back to our article of the day.
Let’s quickly look at the data.
Big Sales of the Week
Top sales in the last 7 days by NonFungible.com
NFT market sales keep looking healthy. During the past months, a market that has struggled to keep up with its competitor has been Rarible. LooksRare volume is too high compared with OpenSea, the current industry leader and it’s due to wash trading, and that’s something that is also affecting the $LOOKS token price currently.
OpenSea made $1.03B in sales with 231k buyers, almost a 2% decrease in sales volume last week.
Magic Eden made $42M in sales with 84k buyers, almost a 45% decrease in sales volume last week.
Solanart made $4M in sales with 13k buyers, almost a 7% increase in sales volume last week.
AtomicMarket made $6.5M in sales with 47k buyers, almost a 32% decrease in sales volume last week.
Rarible made $2M in sales with 1,300 buyers, a 12% decrease in sales volume last week.
LooksRare made $3.49B in sales with 7k buyers, a 9% increase in sales volume last week.
Every week we see the interest in metaverse worlds; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. Here we will cover the top ones.
The Sandbox made $12.1M in sales with 1k buyers.
Decentraland made $7.3M in sales with 449 buyers.
CryptoVoxels made $600k in sales with 107 buyers.
Somnium Space made $400k in sales with 22 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
Azuki made $92M in sales with a total of 3,101 buyers who transacted 5k times- a 56% increase from last week.
Bored Ape Yacht Club made $52M in sales with a total of 186 buyers who transacted 220 times – a 13% increase in sales volume from last week.
CryptoPunks made $49M in sales with a total of 137 buyers who transacted 237 times – a 181% increase in sales volume from last week.
Mutant Ape Yacht Club made $41M in sales with a total of 676 buyers who transacted 845 times – a 22% increase in sales volume from last week.
There are more games that promise great gameplay and a big community every week. Currently, Axie Infinity is number one in the P2E world by daily active users. We will feature the top 3 games in volume in the last 7 days.
DeFi Kingdoms made $273M in volume.
Axie Infinity made $107M in volume.
Pegaxy made $37M in volume.
What CryptoArt is Telling Us
Art is still being sold, but it has been slower than during other periods. The art that is being sold is mostly high-quality 1/1 pieces.
Let’s quickly break it down for perspective:
It’s getting more “savage” out there. So you have to be super careful with what NFT or crypto you buy. Just remember to do your research before putting any of your hard-earned money into anything. In the meantime, while we wait for crypto prices to go up, contribute to the community, build and create content, and help educate newcomers to the space. Have a great weekend!
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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.
Entrepreneur. Software Engineer. NFTs enthusiast. #NFT