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 five best-selling collections over the past week, according to NonFungible.
5. Art Blocks
7-Day Sales Volume: $8.3 million Number of 7-Day Sales: 5,567 Highest Sale Price: $222,884
Artblocks
Explainer: "A storefront for genuinely programmable and on-demand generative artwork that is stored directly on the Ethereum blockchain."
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4. Doodles
7-Day Sales Volume: $9.6 million Number of Sales: 232 Highest Sale Price: $91,847
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."
3. The Sandbox
7-Day Sales Volume: $9.9 million Number of 7-Day Sales: 910 Highest 7-Day Sale: $84,467
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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."
2. CryptoPunks
7-Day Sales Volume: $20.8 million Number of Sales: 131 Highest Sale Price: $7.7 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."
1. Bored Ape Yacht Club
7-Day Sales Volume: $68.2 million Number of Sales: 770 Highest Sale Price: $1.1 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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