Crypto.com NFT Weekly Update (Week 2, 12/1/2022-18/1/2022)

OpenSea breaks daily sales volume record at $261M. Lega Serie A – first football league to enter NFT world.

Jan 19, 2022
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Key Takeaways

  • Upstart NFT marketplace LooksRare challenges OpenSea’s dominance, transacting over $1B in sales volume within a week after debuting. It aims to compete with OpenSea by offering trading rewards to incentivise customers. However, reports suggest that some traders are manipulating LooksRare’s token-based rewards system via wash trading. This brings the long-term sustainability of its model to question
  • Celebrity American boxer Mike Tyson goes ‘all in on NFTs’ on Solana. In a tweet, the legendary boxer also attached a Catalina Whale NFT issued on top of the Solana blockchain.
  • Gap jumps into NFTs with an exclusive physical hoodie available. The collection, dubbed ‘Gap Threads’, will be powered by Tezos
  • OpenSea’s record-high daily volume is $261M on 16 January 2022. The platform surpassed $3.5B in monthly Ether trading volume, setting new all-time high. OpenSea recorded a +150% increase in sales and a -2% increase in transactions. NBA Top Shot recorded a -2% increase in sales and a +36% increase in transactions.

Crypto.com NFT in the Spotlight

  • Lega Serie A is the first football league entering the NFT world on the occasion of the TIMVision Cup 2021. It presents another historical drop, celebrating the 2022 ‘Supercoppa FRECCIAROSSA’, played between FC Inter and Juventus Football Club on 12 January 2022.
  • William Black is known for his music which transports the listener into a world of emotional nostalgia. His character, the ‘Shadow Boy’, is meant to be a generic placeholder for each of us, one who goes through many different visual and auditory representations of our strongest feelings.
  • Gian Galang is an NYC–based artist and illustrator, who created artwork for clients including the UFC, Nike, Reebok, ESPN, HBO, etc. ‘Flying Sword’ is Gian Galang’s genesis NFT collection showcasing the martial art of Wushu, featuring three ‘moving paintings’ and three traditional full-color paintings.

Highlights

Transaction Volume Benchmark

PlatformTotal Volume USDTotal Volume WoW (%)Transaction Count #Transaction Count WoW (%)Avg. Price USDAvg. Price WoW (%)
Opensea$899,317,824+150%659,137-2%$1,364+157.60%
NBA Top Shot$13,353,398-2%1,315,077+36%$10-28.3%
Solana$4,431,266-20%14,488+4%$305-24%
Nifty Gateway$3,224,109+72%2,524+68%$1,277+2%
MakersPlace$144,716+12%80+8%$1,809+3%
LooksRare$3,906,062,20214,479$269,774
PlatformOpensea
Total Volume USD$899,317,824
Total Volume WoW (%)+150%
Transaction Count #659,137
Transaction Count WoW (%)-2%
Avg. Price USD$1,364
Avg. Price WoW (%)+157.60%
PlatformNBA Top Shot
Total Volume USD$13,353,398
Total Volume WoW (%)-2%
Transaction Count #1,315,077
Transaction Count WoW (%)+36%
Avg. Price USD$10
Avg. Price WoW (%)-28.3%
PlatformSolana
Total Volume USD$4,431,266
Total Volume WoW (%)-20%
Transaction Count #14,488
Transaction Count WoW (%)+4%
Avg. Price USD$305
Avg. Price WoW (%)-24%
PlatformNifty Gateway
Total Volume USD$3,224,109
Total Volume WoW (%)+72%
Transaction Count #2,524
Transaction Count WoW (%)+68%
Avg. Price USD$1,277
Avg. Price WoW (%)+2%
PlatformMakersPlace
Total Volume USD$144,716
Total Volume WoW (%)+12%
Transaction Count #80
Transaction Count WoW (%)+8%
Avg. Price USD$1,809
Avg. Price WoW (%)+3%
PlatformLooksRare
Total Volume USD$3,906,062,202
Total Volume WoW (%)
Transaction Count #14,479
Transaction Count WoW (%)
Avg. Price USD$269,774
Avg. Price WoW (%)
* Week-on-Week (WoW) % change is calculated based on the differences between two subsequent 7-day periods
* Transaction count refers to the number of traders of the 7-day period
* LooksRare launched since 10 January

* 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
* LooksRare data from Dune Analytics

Top Collectibles

Project NameSales (USD)Transaction CountNumber of Buyers
Meebits$2,034,662,7402,206441
Loot$300,176,807747139
CryptoPhunksV2$245,328,141375149
OxyaOriginProject$80,072,9713,6831,942
Bored Ape Yacht Club$45,991,125151124
Project NameMeebits
Sales (USD)$2,034,662,740
Transaction Count2,206
Number of Buyers441
Project NameLoot
Sales (USD)$300,176,807
Transaction Count747
Number of Buyers139
Project NameCryptoPhunksV2
Sales (USD)$245,328,141
Transaction Count375
Number of Buyers149
Project NameOxyaOriginProject
Sales (USD)$80,072,971
Transaction Count3,683
Number of Buyers1,942
Project NameBored Ape Yacht Club
Sales (USD)$45,991,125
Transaction Count151
Number of Buyers124
* Collectibles data from CryptoSlam.io

The following chart shows selected top NFTs and their historical floor prices.

Top Artists

PlatformArtistSales Volume (USD)Sample
Crypto.com NFTCrypto.com$4,000,000+
SolanartDegenerate Ape Academy$854,725
OpenSeaAzuki$42,968,586
PlatformCrypto.com NFT
ArtistCrypto.com
Sales Volume (USD)$4,000,000+
Sample
PlatformSolanart
ArtistDegenerate Ape Academy
Sales Volume (USD)$854,725
Sample
PlatformOpenSea
ArtistAzuki
Sales Volume (USD)$42,968,586
Sample

Tags

Associated Press

Bret Hart

Dapper Labs

Flying Sword

Gap Threads

Indonesia

Klaytn

Lega Seria A

LooksRare

LÜM

Mercedes

Microsoft

Mike Tyson

NFT

Nike

Propy

Rob Liefield

Shadow Boy

Supercoppa FRECCIAROSSA

TooNFT

Walmar

Wikipedia

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