The NFT space always surprises us. From big brands taking community phrases that sound cringe when they used them to punk4156 being sold for 2500 ETH; even the last Pak’s drop Merge created more value to collectors from a bug in the first smart contract. Lots of stuff is happening, but let’s just look at the data.
Big Sales of the Week
–CryptoPunk #4156 for $10.35M
–Right-click and Save As Guy for $7.09M
–Ross Ulbricht Genesis Collection for $6.28M
–Some Other Asshole for $2.28M
What Collectible Market Data is Telling Us
Top 4 Collectibles
Axie Infinity made $99M in sales with a total of 158k buyers who transacted 499k times – a 22% decrease from last week.
CryptoPunks made $55M in sales with a total of 84 buyers who transacted 124 times – a 206% increase in sales volume from last week.
BAYC made $33M in sales with a total of 118 buyers who transacted 132 times – a 12% increase in sales volume from last week.
ApeKidsClub made $25M in sales with a total of 3,777 buyers who transacted 7,820 times – a 431% increase in sales volume from last week.
NFT Markets
The biggest NFT markets or marketplaces where you can buy technically any NFT.
OpenSea made $461M in sales with 143k buyers, almost a 24% decrease in sales volume last week.
AtomicMarket made $5.84M in sales with 59k buyers, almost a 65% decrease in sales volume last week.
Solanart made $6.67M in sales with 10k buyers, almost a 22% decrease in sales volume last week.
Rarible made $3.19M in sales with 2,685 buyers, a 10% 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 $135M (including Pak’s sale of $92M approx.)
xCopy is making big sales in the space currently, and as mentioned in the intro, even when Pak makes mistakes, he creates more value to his collectors, can’t go wrong with Pak.
Summary
People are talking a lot about an NFT bear period, but lots of big sales are still happening, at least in the collectible and crypto art side of things for established artists. So it’s not clear if we will see a huge bear market, but more like downtrends in different parts of the market at other times. This week the NFT markets were super red on a week-to-week basis.
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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.
The post The Weekly Rundown – NFT Sales December 4-10 2021 appeared first on NFT Plazas.
