We are getting close to the end of the year, and you can see it in NFT land. Markets are cooling off a bit; Punks have lost 50% of their value in the last couple of months and were even flipped by the BAYC that look strong but might share the same fate of Punks and be flipped by another collection in the future.
Collectible and markets are slowing down a bit; even Axie Infinity, a big hit in the last couple of months, has its second week of below $100M revenue performance.
Let’s quickly look at the data.
Big Sales of the Week
–CryptoPunk #9953 for $1.57M
–Dragon – Red VOX #4462 for $1.48M
–CryptoPunk #9137 for $1.22M
–Machine Hallucinations – Nature Dreams : AI Data Sculpture 2021 1/1 for $1.18M
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $50.5M in sales with a total of 118k buyers who transacted 342k times – a 25% decrease from last week.
Adidas Originals made $50.1M in sales with a total of 11k buyers who transacted 15k times.
Crypto Punks made $32M in sales with a total of 87 buyers who transacted 108 times – a 10% increase in sales volume from last week.
CloneX made $31M in sales with a total of 709 buyers who transacted 929 times – a 77% decrease in sales volume from last week.
The biggest NFT markets or marketplaces where you can buy technically any NFT.
OpenSea made $498M in sales with 180k buyers, almost a 24% decrease in sales volume last week.
Solanart made $7.5M in sales with 13k buyers, almost a 15% increase in sales volume last week.
AtomicMarket made $4.24M in sales with 47k buyers, almost a 22% decrease in sales volume last week.
Rarible made $3.96M in sales with 2k buyers, a 19% decrease in sales volume last week.
What CryptoArt is Telling Us
Let’s quickly break it down for perspective:
- October sold $95M
- November sold $66M
- December so far $164M (including Pak’s sale of $92M approx.)
Let’s finish the year strong and only participate in strong collectibles communities, be it art or any other one. Look for community and a good founding team, as starting next year, NFTs might get crazier and riskier due to the massive influx of people launching new projects.
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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