NFT sales hit $512 million over the past week. These were the 5 best-selling digital collections.
The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs.
In fact, 2021 was a breakthrough year for NFTs, with total sales volume topping $14 billion as artists, investors, and entrepreneurs descend upon the nascent Web3 space.
NFTs, or , are unique, irreplaceable, that users buy and sell online.
NFTs to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency , and most NFTs can still only be purchased using ether.
In the past week alone, sales of NFTs hit $512 million, according to data from NonFungible.com.
With NFT sales soaring, these are the five best-selling NFT collections over the past week, according to NonFungible.
5. Art Blocks
7-Day Sales Volume: $14.9 millionNumber of Sales: 3,504Highest Sale Price: $783,432
Explainer: "A storefront for genuinely programmable and on-demand generative artwork that is stored directly on the Ethereum blockchain."
4. The Sandbox
7-Day Sales Volume: $17.9 millionNumber of Sales: 1,229Highest Sale Price: $56,401
Explainer: "The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic."
7-Day Sales Volume: $26.0 millionNumber of Sales: 934Highest Sale Price: $572,245
Explainer: "Doodles come in a joyful range of colors, traits, and sizes with a collection size of 10,000. Doodles are a funky bunch that like to role play or transmogrify themselves into delicious treats. Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury."
7-Day Sales Volume: $32.8 millionNumber of Sales: 109Highest Sale Price: $1.2 million
Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."
1. Bored Ape Yacht Club
7-Day Sales Volume: $206.4 millionNumber of Sales: 3,069Highest Sale Price: $844,381
Explainer: "BAYC is a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."Source