With increasing sales volume on OpenSea, a non-fungible token marketplace for buying and selling products, the non-fungible token market continues to heat up.
More than 2.5 million people have signed up for a queue for the highly anticipated Coinbase Global Inc COIN -0.10 percent NFT marketplace, which might boost the value and demand for NFT projects.
Benzinga looks at the top 10 NFT projects by sales volume every week.
According to CryptoSlam, the top 10 NFT projects by sales volume from the previous week are shown below.
– Axie Infinity: $119.8 million, a loss of 16.8%.
– The Sandbox (-33.2%), $42.3 million
– $39.5 million, up 103.7 percent, Bored Ape Yacht Club
– CryptoPunks ($34.1 million, up 51.1%)
– Wizards & Dragons Game (North America): $33.8 million
– Mutant Ape Yacht Club ($16.22 million, up 31.9%)
– Wolf Game: $13.3 million, a reduction of 70.7 percent
– Art Blocks ($11.3 million, up 95.1%)
– Ape Kids Club: $10.7 million (North America)
– Desperate ApeWives: $10.3 million, an increase of 568.9%
What Happened: The top two NFTs by sales volume this week were the same as last week. Wolf Game, which was third last week, has slid to seventh place and has seen a decrease in sales volume. Large NFT influencers have flocked to the play-to-earn NFT game.
Play-to-earn Dungeons & Wizards With an initial fifth-place finish, Game entered the top ten. Ape Kids Club, an NFT project based on one of the most popular creatures in the NFT world: apes, was the other newbie on this week’s list.
NFT influencers and those priced out of other ventures showed a lot of interest in Ape Kids Club. The new NFT appeared to be in keeping with the concept of attractive profile photographs and ape-like creatures. Desperate ApeWives, an ape derivate, was a significant gainer this week, with a volume increase of almost 500 percent.
The resurrection of many “blue chip” projects such as Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club, and Art Blocks, which all witnessed huge rises in sales volume, was the main news of the week.
With the announcement of a partnership with sportswear and footwear company Adidas AG ADDYY -1.62 percent + Free Alerts, Bored Ape Yacht Club garnered substantial attention and a surge in value. On Twitter Inc TWTR +0.25 percent + Free Alerts, Adidas has a Bored Ape as its profile image.
At the time of writing, the floor price for Bored Ape NFTs is 52 Ethereum ETH, or roughly $215,873.