When cryptocurrency markets enter a bearish or uneasy phase, NFTs become of greater interest. To some speculators, non-fungible tokens hedge against BTC and ETH volatility. The following five collections note substantial sales volume this week, although momentum can turn around on a dime.
It is a relatively new collection, yet CyberBrokrs already notes over $31 million in weekly sales volume. Moreover, there are over 5,500 buyers, creating nearly 11,000 transactions in a few days. That momentum seems impossible to sustain, yet interest in the collectibles providing membership and access to metaversal experiences continues to rise. Every CyberBroker cost 0.35 ETH to mint, with the current floor at 1.986 ETH.
Bored Ape Yacht Club
As one of the most successful NFT collections to date, Bored Ape Yacht Club continues to turn heads. While investing in BAYC may not necessarily be the smart play, people are willing to spend $200,000 or more on one of these NFTs. Moreover, the project has over $19 million in weekly sales, which is a near 20% dip compared to the previous week. A fascinating trend, although BAYC will likely reclaim the top spot if CyberBrokers loses momentum.
The CloneX NFT project is one of the collections issued by Rtfkt, which Nike acquired in 2021. For a collection with 20,000 avatars, it is a pretty big profile picture collection, yet they will play a crucial role in the Metaverse. Moreover, users can customize their avatar with wearables, forging events, special access, space pods, and much more. A 46% sales volume surge brings its weekly total to over $18.7 million, which is intriguing to keep an eye on.
Antonym is another relatively new NFT project noting strong sales volume. Unlike other non-fungible tokens, this is a “phygital” art toy providing access to IRL collectibles. Such drops always generate tremendous initial attention but may peter out after a while. Nevertheless, the weekly sales volume of $17.4 million is impressive, as over 8,000 addresses bought one of these NFTs this week. Sustaining that growth will prove difficult, though.
Bringing digital hippies to the Web3 environment is an intriguing business decision. Dippies will build a new free world and seems to offer an intriguing addition to the NFT industry. Moreover, Dippie holders can expect a van to roam around in the Metaverse, and the vehicles will enable more utility in the future. Dippies has a weekly sales volume of $15.6 million, putting it ahead of Invisible Friends, Azuki, and Mutant Ape Yacht Club.
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