NFT sales hit $592 million over the past week. These were the 6 best-selling digital collections.
Rokas Tenys
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 non-fungible tokens, are unique, irreplaceable, mostly digital items that users buy and sell online.
NFTs use blockchain technology to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency ether, and most NFTs can still only be purchased using ether.
In the past week alone, sales of NFTs hit $592 million, according to data from NonFungible.com.
With NFT sales soaring, these are the six best-selling NFT collections over the past week, according to NonFungible.
6. Pudgy Penguins
7-Day Sales Volume: $9.3 million Number of Sales: 1,897 Highest Sale Price: $32,429
Opensea
Explainer: «With 8,888 Pudgy Penguins sliding around on the freezing Ethereum blockchain, each Penguin is an official member of the Pudgy Penguins community found in the freezing cold, arctic region of the metaverse.»
5. The Sandbox
7-Day Sales Volume: $16.9 million Number of Sales: 1,150 Highest Sale Price: $132,993
The Sandbox
Explainer: «The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic.»
4. CryptoPunks
7-Day Sales Volume: $19.1 million Number of Sales: 114 Highest Sale Price: $3.1 million
Rokas Tenys
Explainer: «10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement.»
3. Art Blocks
7-Day Sales
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