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The market just plummeted and so did NFT prices. Even token value of marketplaces like Rarible and LooksRare is down bad.
But that’s the market. Let’s quickly look at the data.
Big Sales of the Week
Top sales in the last 7 days by NonFungible.com
NFT Markets
NFT market sales are having a slowdown compared to the last 7 days and a 45% average decrease in volume for LooksRare and OpenSea.
OpenSea made $645M in sales with 227k buyers, almost a 37% increase in sales volume last week.
Magic Eden made $17.5M in sales with 72k buyers, almost a 70% decrease in sales volume last week.
Solanart made $1.5M in sales with 9k buyers, almost a 43% decrease in sales volume last week.
AtomicMarket made $8.3M in sales with 51k buyers, almost a 34% increase in sales volume last week.
Rarible made $488k in sales with 947 buyers, a 19% decrease in sales volume last week.
LooksRare made $645M in sales with 5k buyers, a 64% decrease in sales volume last week.
Metaverse
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 cover the top ones.
The Sandbox made $7.8M in sales with 606 buyers.
Decentraland made $4.3M in sales with 284 buyers.
CryptoVoxels made $500k in sales with 85 buyers.
Somnium Space made $262k in sales with 13 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
mfer made $24M in sales with a total of 1,132 buyers who transacted 2k times – a 16% increase in sales volume from last week.
NFT Worlds made $21.1M in sales with a total of 342 buyers who transacted 488 times – a 39% increase in sales volume from last week.
BAYC made $18.7M in sales with a total of 64 buyers who transacted 70 times- a 18% decrease in sales volume from last week.
Azuki made $16.7M in sales with a total of 386 buyers who transacted 464 times- a 56% decrease in sales volume from last week.
Crypto Games
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.
Axie Infinity made $113M in volume.
DeFi Kingdoms made $100M in volume.
Pegaxy made $32.8M in volume.
What CryptoArt is Telling Us
We are almost done with February, we are 32% away to get the sales volume of last month.
Let’s quickly break it down for perspective:
- January sold $61M
- February has sold so far $42M
Summary
NFT and crypto markets are super red, but if the crypto bull market is still intact we will see a lot of upside in the upcoming months. Sometimes it is better to take a break from the market, do other things, and come back with a fresh perspective.
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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
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