Weekly NFT Update (Week 1, 5/1/2022-11/1/2022)
NFT sales up 21% on OpenSea. Samsung opens flagship store in Decentraland.
Key Takeaways
- The NFT marketplace LooksRare goes live with a ‘vampire attack’ on OpenSea. LooksRare is hoping to attract current NFT big spenders who have already used OpenSea by letting these individuals claim LOOKS tokens for free. On 11 January 2022, the daily volume of LooksRare was $323M versus OpenSea’s $147M. To put it in perspective, the average daily trading volume on OpenSea in December 2021 was $105M.
- The electronics giant Samsung has partnered with Decentraland to open its flagship 837X store in the metaverse. It will exist only for a limited time.
- NFT projects endorsed by celebrities Jay Chou and Edison Chen top OpenSea’s 24-hour sales chart. PhantaBear, a collection of 10,000 NFTs launched by the Jay Chou-backed fashion brand PHANTACi, is currently the top project on OpenSea by sales volume in the past week.
- OpenSea recorded a +21% increase in sales and a +8% increase in transactions. NBA Top Shot recorded a +26% increase in sales and a +18% increase in transactions.
Crypto.com NFT in the Spotlight
- ‘SHIKIGAMI’ returns with a super drop featuring the final 16 collectibles of the series! Consisting of 28 pieces, this series explores Japanese mythology and Yokai lore through a military sci-fi lens.
- Pezzo di Studio was born to blend art and marketing to create advertising pieces that last in consumers’ minds. Their latest collection ‘Zoe’s Thoughts’ features Zoe, a digital person who lives in a world created by her own imagination. She is the only human in this imaginary world where everything is shaped by her inner self.
Highlights
- LG to follow Samsung adding NFT features to flagship TVs
- Castlevania’s Konami is latest video game giant to jump into Ethereum NFTs
- MoonPay — the unicorn snapping up NFTs for celebs — just bought a $3 million punk
- GameStop eyes partnerships, investments with crypto companies to boost NFT platform plan
- Rapper Nas to let fans own part of his music through NFTs
- According to Google Trends data, NFT queries skyrocket
- Rarible launches tool to block ‘risky’ Ethereum NFT sale orders on OpenSea
- Disney patents technology for a theme park Metaverse
- GameStop to launch an NFT Marketplace
- Associated Press to launch Polygon-based photography NFT platform
- OpenSea trading volume set for record month despite crypto market retreat
Transaction Volume Benchmark
| Platform | Total VolumeUSD | Total VolumeWoW (%) | Transaction Count # | Transaction Count WoW (%) | Avg. Price USD | Avg. Price WoW (%) |
|---|---|---|---|---|---|---|
| Opensea | $913,256,209 | +21% | 639800 | +8% | $1,427 | +12.40% |
| NBA Top Shot | $14,208,762 | +26% | 1014179 | +18% | $14 | +6.20% |
| Solana | $5,624,352 | +3% | 13930 | +18% | $403 | -12% |
| Nifty Gateway | $1,853,799 | -17% | 1532 | -35% | $1,210 | +28% |
| MakersPlace | $120,706 | +5% | 66 | +1% | $1,828 | +3% |
* Transaction count refers to the number of traders of the 7-day period
* OpenSea and NBA Top Shot data from DappRadar
* MakersPlace data from NonFungible.com
* Solanart data from Solanart.io
* Nifty Gateway data from data mining in Cryptoartpulse.com
Top Collectibles
| Project Name | Sales (USD) | Transaction Count | Number of Buyers |
|---|---|---|---|
| Meebits | $84,311,814 | 761 | 364 |
| Loot | $58,188,915 | 184 | 90 |
| PhantaBear | $54,292,664 | 5,081 | 2,738 |
| Bored Ape Yacht Club | $52,781,162 | 190 | 168 |
| Doodles | $45,667,891 | 935 | 675 |
The following chart shows selected top NFTs and their historical floor prices.
Top Artists
The following table shows selected top artists (by sales volume on each platform) and a sample of their art.
| Platform | Artist | Sales Volume (USD) | Sample |
|---|---|---|---|
| Crypto.com NFT | Crypto.com | $4,000,000+ | |
| Solanart | Nyan Heroes | $232,197 | |
| OpenSea | PhantaBear | $54,292,664 |
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