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Sunday, July 14, 2024

The NFT market is doing well and coins are selling at high prices

Over the past few weeks, several collections of non-fungible tokens (NFTs), such as CryptoPunks, Axie Infinity, Art Blocks, Bored Ape Yacht Club (BAYC) and Meebits have recorded record sales. Other NFT collections are also making their way.

The best-selling collection during the week

NFTs clearly seem to be becoming essentials in the blockchain and cryptocurrency arenas . They have invaded several circles: the artistic scene, music, the gaming industry and many other sectors.

For example, Beeple ( Michael Winkelman ) sold his NFT ‘ ‘ Everydays: the First 5000 Days ‘ ‘ for over $ 69 million, making it the 4 th most expensive piece of art by a living artist. Since then, collections from the Cryptopunks, Meebits, Weird Whales, BAYC, Mutant Ape Yacht Club (MAYC), Art Blocks, Axie Infinity , and many more have grown significantly. (Also Read: Bitcoin Adoption: “McDonald’s starts accepting Bitcoin in El Salvador, alternative to the dollar for some)

The craze around NFTs sparked jubilation around old collections, such as Cryptokitties and Curio Cards . Even the Rare Pepe blockchain collectible cards have become inseparable from the NFT s trend . However, of all the collectibles currently in vogue, the jackpot goes to Loot (ford Adventures). It is a role-playing game based on the Ethereum (ETH) blockchain .

Loot (for Adventurers) provides collectors with a total of 8,000 NFTs qualified as “Random Adventurer Gear”. According to statistics from the NFT collection of Dappradar.com , Loot had approximately $ 194.82 million in sales in the last 7 days. It became the best-selling collection during the past week.

The classification of NFTs

Behind Loot , we find Axie Infinity . It still occupies the second place in terms of NFT sales for 7 days. After Loot, Axie Infinity recorded $ 184.51 million in sales during the week. However, there are new projects that are gaining popularity. This is the case of Mutant Ape Yacht Club (MAYC), which made $ 124.16 million in seven days.

The tenth best selling collection to the 17 th , all new projects improve their places in the ranking of NFT. For example, Creature World NFT grossed $ 31.52 million for its creators. As for GEVOLs , Adam Bomb Squad, Blot, Dotdotdots and Al Cabones, they brought in $ 27.98 million, $ 21.96 million, $ 20.88 million and 16.82 million respectively.

The last two places in the ranking are occupied by the projects The Doge Pound NFTs and the Loot for the Loot expansion which obtained respectively $ 14.39 million and $ 12.54 million in 7 days.

The NFT s are definitely essential in the field of blockchain and cryptomonnaies. They sell for high prices of up to several million dollars. In recent years, the trend of investors to collect them has become remarkable.

Naomi Glover
Naomi Glover
Naomi Glover is a multifaceted writer and beauty enthusiast, specializing in uncovering the latest trends in cosmetics, skincare, and celebrity beauty secrets. With a keen eye for detail and a passion for storytelling, Naomi has contributed captivating articles to prominent beauty and entertainment publications such as Glamour, Cosmopolitan, and Entertainment Weekly.

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