NFT sales hit $512 million over the past week. These were the 5 best-selling digital collections.

NFT sales hit $512 million over the past week. These were the 5 best-selling digital collections.
  • NFT sales had a breakthrough year in 2021, with total sales volume surging to $14 billion.
  • The NFT market is dominated by a handful of standout leaders due to their popularity and rarity.
  • These are the five best-selling digital collectibles that helped drive $512 million in NFT sales over the past week.
  • 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."

    3. Doodles

    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."

    2. CryptoPunks

    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

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