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Crypto markets are starting to increase in value, and people are looking to move some profits into more NFTs projects. However, there are currently many people trying to launch lots of low-quality projects, and it is rare nowadays to find a new high-quality project.
Book Games and Veefriends V2 is an exciting project for newcomers to the space because every other significant NFT collection already priced out 95% of the people around the world.
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 an uptrend compared to the last 7 days and a 294% average in volume for OpenSea.
OpenSea made $599M in sales with 180k buyers, almost a 294% increase in sales volume last week.
Magic Eden made $3.65M in sales with 15k buyers, almost a 29% increase in sales volume last week.
Solanart made $1.75M in sales with 4k buyers, almost a 137% increase in sales volume last week.
AtomicMarket made $3.16M in sales with 40k buyers, almost a 8.5% decrease in sales volume last week.
Rarible made $338k in sales with 765 buyers, a 24% increase in sales volume last week.
LooksRare made $549M in sales with 4k buyers, almost a 42% increase in sales volume last week.
Metaverse
Every week we see the interest in metaverse worlds growing; people just throw the word metaverse around without realizing that different “metaverse platforms” are being developed. So here we cover the top ones.
The Sandbox made $3.3M in sales with 354 buyers.
Decentraland made $3.5M in sales with 498 buyers.
CryptoVoxels made $274k in sales with 58 buyers.
Somnium Space made $135k in sales with 10 buyers.
What Collectible Market Data is Telling Us
Top 4 collectibles by sales in the NFT space.
Bored Ape Yacht Club made $68.8M in sales with a total of 172 buyers who transacted 211 times- a 22% decrease in sales volume from last week.
Mutant Ape Yacht Club made $46M in sales with a total of 570 buyers who transacted 707 times- a 18% decrease in sales volume from last week.
Azuki made $36M in sales with a total of 510k buyers who transacted 783 times – a 359% increase in sales volume from last week.
MURI made $26M in sales with a total of 4,756 buyers who transacted 8,526 times- a 129% increase 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. Below are the top 3 games in volume in the last 7 days.
DeFi Kingdoms made $137M in volume.
Axie Infinity made $95M in volume.
Tiny World made $13.95M in volume.
What CryptoArt is Telling Us
With the recent open edition Xcopy drop, more people from the NFT collectible markets could start looking into CryptoArt. Sales have been having decent traction compared to last year, we would have to see how CryptoArt evolves.
Let’s quickly break it down for perspective:
- January sold $61M
- February sold $45M
- March has sold so far $11.8M
Summary
It seems that the market is still flushing out low-quality projects and the winners at least in the Web3 PFP battle are being established right now. Utility NFTs with a fundamental value around the creator will still grow, but it will be hard for multiple more collections to reach levels like BAYC, but healthy levels can be acquired like Veefriends collection is showing to people.
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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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