The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs.
In fact, 2021 was a breakthrough year for NFTs, with total sales volume topping $14 billion as artists, investors, and entrepreneurs descend upon the nascent Web3 space.
NFTs use blockchain technology to keep a digital record of ownership, similar to cryptocurrencies. They were first launched on ethereum, the same blockchain that supports the cryptocurrency ether, and most NFTs can still only be purchased using ether.
With NFT sales soaring, these are the six best-selling NFT collections over the past week, according to NonFungible.
6. Pudgy Penguins
7-Day Sales Volume: $9.3 million Number of Sales: 1,897 Highest Sale Price: $32,429
Opensea
Explainer: "With 8,888 Pudgy Penguins sliding around on the freezing Ethereum blockchain, each Penguin is an official member of the Pudgy Penguins community found in the freezing cold, arctic region of the metaverse."
5. The Sandbox
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7-Day Sales Volume: $16.9 million Number of Sales: 1,150 Highest Sale Price: $132,993
A snapshot from The Sandbox virtual metaverseThe Sandbox
Explainer:"The Sandbox is a community-driven UGC-voxel platform where users own their LAND and host their creative magic."
4. CryptoPunks
7-Day Sales Volume: $19.1 million Number of Sales: 114 Highest Sale Price: $3.1 million
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CryptoPunksRokas Tenys
Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."
3. Art Blocks
7-Day Sales Volume: $19.2 million Number of Sales: 2,884 Highest Sale Price: $878,000
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Artblocks
Explainer: "A storefront for genuinely programmable and on-demand generative artwork that is stored directly on the Ethereum blockchain."
2. Doodles
7-Day Sales Volume: $51.6 million Number of Sales: 1,217 Highest Sale Price: $867,325
OpenSea
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."
1. Bored Ape Yacht Club
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7-Day Sales Volume: $109.4 million Number of Sales: 1,305 Highest Sale Price: $1.3 million
This Bored Ape is just one of the NFTs auctioned at Sotheby's recently.Sotheby's
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."
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