NFT Sales 50% Down on Weekly Chart as Crypto Crashes

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After the huge success of cryptocurrencies, there’s a new space in town that has generated a sales volume of $29 billion as of last year. 

These past monthly and weekly charts, however, tell a different story. As this month TerraUSD (UST) stable coin and LUNA imploded, the whole crypto market has been bearing that’s causing the NFT sales to go down even further. 

This January, the weekly NFT sales were at the peak – generating $1B of revenue. As the months passed by, the NFT sales were cut more than half from their peak. 

The week before last week, NFT sales were at around $505 Million and now it’s halved to $255 Million this past week. This past week has been one of the worst-selling weeks for NFTs. 

Bored Ape Yacht Club was at the top – Azuki and Otherside followed. According to NonFungible, these were the best-selling digital art collections of last week. 

5. CryptoPunks

  • Number of Sales in the Past Week: 138
  • Highest Selling Price: $386,000
  • Last Week’s Sales Volume: $12.5 M

4. Meebits

  • Number of Sales in the Past Week: 363
  • Highest Selling Price: $221,000
  • Last Week’s Sales Volume: $28M

3. Azuki

  • Number of Sales in the Past Week: 3563
  • Highest Selling Price: $520,000
  • Last Week’s Sales Volume: $35.5 M

2. OtherSide

  • Number of Sales in the Past Week: 2941
  • Highest Selling Price: $327,000
  • Last Week’s Sales Volume: $40.5 M

1. Bored Ape Yacht Club

  • Number of Sales in the Past Week: 806
  • Highest Selling Price: $403,000
  • Last Week’s Sales Volume: $46.3 M
George Tsagkarakis
George Tsagkarakishttp://egamers.io
George has a native interest in emerging technologies and he's a strong advocate of decentralization. He is a co-founder and manager of egamers.io.
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