Non-fungible token market continues to heat up, with strong sales volume on NFT Marketplace open sea†
In addition, the launch of the long-awaited platform for buying and selling digital coins from Coinbase Global Inc. (NASDAQ:COIN) has helped grow the industry with millions of potential new investors.
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Two new NFTs drove huge sales and set new records last month.
Every week, Benzinga rates the top 10 NFT projects based on CryptoSlam’s sales volume.
Here’s a rundown of the top 10 best NFTs by sales volume for the past week:
- Other deed for others – $253.5 million
- Bored Ape Yacht Club – $143.7 million, +130.7%
- Mutant Ape Yacht Club – $122.7 million, +26.8%
- moonbirds – $53.2 million, – 75.3%
- ok bears – $46.8 million
- imaginary – $40,900,000
- VeeFriends Series2 – $40,000,000, +129.3%
- Akutars – $39.9 million
- meebits – $27.6 million, +134.1%
- Bored Ape Kennel Club – $27.4 million, +4.1%
The week’s ranking included four new projects, as well as a new 24-hour trading volume record set by a new token.
Otherdeed for Otherside was launched this Saturday by Yuga Labs, the publisher of Bored Ape Yacht Club. The token soon ran out of stock, having sold all of its 55,000 NFTs at a unit price of 305 ApeCoins (CRYPTO:APE), or about $6,000.
The project’s energy needs have sparked a full-blown gas war, with more than $150 million worth of energyEthereums (CRYPTO:ETH) burned Saturday night and many transactions failed. At the time of writing, Otherdeed’s bottom price is at 7.2 ETH, or about $19,950.
The 24-hour sales volume broke the record Moonbirds had just set.
Bored Ape Yacht Club and Mutant Ape Yacht Club take second and third place respectively. They saw strong sales volume as holders of both NFT collections could claim a free Otherdeed this weekend.
the moonbirds ranks fourth and despite its dip, it still remains one of the best NFTs of the past 30 days and all time in terms of sales volume, despite being relatively new to the space. Investors in the project include the co-founder of reddit† Alexis Ohanian†
The Okay Bears, a new collection of 10,000 NFTs from Solana (CRYPTO:SOL), is perhaps the biggest surprise of the week. The token, which had a coin price of 1.5 SOL, was in high demand after the stock ran out, leading to a rock bottom price of over 150 SOL, before falling, set at 87 SOL at the time of writing, or approximately $7,671. The Okay Bears are available for secondary sale on Magic Eden; it’s also one of the first Solana projects to be listed on OpenSea.
Akutars was another newcomer that was in high demand despite issues with his contract, leading to an Ethereum burn.
Overall, the NFT Top 10 list by sales volume saw four entrants and just one drop from the previous six projects in the ranking.
As for the excluded, the doodles saw its sales volume increase by 95% and reach the 13th position. l’Ethereum Name Services (CRYPTO:ENS) came in at #18 with sales volume up 4.248%, driven by a rush to buy three- and four-digit addresses.
Adidas Originals also rose 90% to position 22 with the announcement of a claim for physical goods fromAdidas AG (OTC:ADDYY).
Photo courtesy of opensea.io