NFT sales drop again to $168 million over the past week. These were the 5 best-selling digital collections.

• NFT sales had a breakthrough year in 2021, and over the past 12 months, volume has hit $23 billion.
• Sales in January topped $1 billion for a single week, but sales have dipped, with a 29% decline week-over-week.
• These were the five best-selling digital collectibles that helped drive $168 million in NFT sales over the past week. $4

The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs.

In fact, total NFT sales volume hit $23 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space.

NFTs, or $4, are unique, irreplaceable, $4 that users buy and sell online.

NFTs $4 to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency $4, and most NFTs can still only be purchased using ether.

But the $4 is beginning to take its toll on NFT sales. In the past week alone, sales hit $168 million, according to $4 But that's down from last week's NFT sales, falling about 29% from $237 million. In early January, weekly NFT sales peaked at nearly $1 billion.

These were the five best-selling collections over the past week, according to NonFungible.

5. Doodles

7-Day Sales Volume: $3.7 million
Number of Sales: 142
Highest Sale Price: $78,454

Explainer: "Doodles come in a joyful range of colors, traits, and sizes with a collection size of 10,000. Doodles are a funky bunch that like to role play or transmogrify themselves into delicious treats. Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury."

4. VeeFriends

7-Day Sales Volume: $6.2 million
Number of Sales: 146
Highest Sale Price: $331,069

Explainer: "10,255 token NFT project consisting of 9400 admission tokens, 555 gift goats, and 300 access tokens; including many one-of-ones. The main ambition of this project is to create meaningful intellectual property and create an extraordinary community."

3. The Sandbox

7-Day Sales Volume: $7.7 million
Number of Sales: 858
Highest Sale Price: $43,848

Explainer: "The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic."

2. CryptoPunks

7-Day Sales Volume: $9.0 million
Number of Sales: 50
Highest Sale Price: $290,645

Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."

1. Bored Ape Yacht Club

7-Day Sales Volume: $32.2 million
Number of Sales: 491
Highest Sale Price: $637,375

Explainer: "BAYC is a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."