Weekly NFT Update (Week 22, 01/06/2022 – 07/06/2022)

Solana surpassed $2B all-time NFT sales. A $26.5M NY building went up for sale on OpenSea. Kanye West stakes claims for NFT trademarks.

Jun 08, 2022
Weekly NFT Update May 2022

Key Takeaways

  • Blockchain protocol Solana made the headlines this week after it surpassed $2 billion in all-time NFT sales, ranking it third after Ethereum and Ronin. This milestone was achieved thanks to the trade volume of its top projects – Degenerate Ape Academy, Solana Monkey Business, and Aurory, respectively.
  • A $26.5M seven-storey building in Manhattan’s Flatiron District went up for sale on NFT marketplace OpenSea. Facilitated by commercial real estate firm Okada & Company, the sale was an attempt to highlight the ‘yawning gap between blockchain and New York’s Automated City Register Information System’, its CEO said. 
  • Rapper and fashion designer Kanye West recently filed 17 new trademark applications under his stage name Yeezus. These filings indicate the intent to launch his own NFTs, and months after he publicly announced that he will not be joining the trend of artists releasing NFTs. 
  • LooksRare recorded a -17% decrease in sales and a +1% jump in transactions from last week. Meanwhile, OpenSea recorded a +4% increase in sales and a -8% drop in transactions.

Crypto.com NFT in the Spotlight

  • Crypto.com is officially collaborating with Dope Voyage, the first Social-fi to debut on the platform, living 100% on Ethereum. With your DOPE NFT, ‘team up, betray, and sabotage’ others to maximise DOPES profit. Drops 29 June, and with 1,000 unrevealed characters to watch out for.  
  • If you want to learn more about the factors that make an NFT popular, you can check out ‘What Makes an NFT Popular?’ on Crypto.com University
  • From Daz 3D, the 3D NFT leader behind Warner Bros. Bat Cowls and Coca-Cola Lootbox collections, comes a new collection of alien adventures from artist Mario V. Entitled ‘Cronos-7 Visitors’, this stunning collection of 7,777 unique PFP NFTs, hyper-realistically rendered, is handcrafted from 200+ traits, without the help of AI. The collection consists of must-have styles and personalities, from geeks to goths and everything in between, while adding elements like meka and sci-fi from different eras.


Transaction Volume Benchmark

Screen Shot 2022 06 08 At 7.04.40 Pm

Magic Eden data refer to the on-chain activity of the tracked smart contracts.
LooksRare, OpenSea, and Coinbase data are retrieved from Dune Analytics.
X2Y2, NBA Top Shot, Magic Eden and Solanart data are retrieved from DappRadar.

1. Year-to-Date (YTD) volume is calculated from the first day of the current year to the current date.
2. Week-on-Week (WoW) % change is calculated based on the differences between two subsequent seven-day periods.  
3. Transaction count and average price refer to the number of traders and average price over the past seven days, respectively.
4. LooksRare was launched on 10 January 2022.
5. X2Y2 was launched on 16 February 2022.

Top Collectibles

Screen Shot 2022 06 08 At 7.08.15 Pm

* Source: CryptoSlam.io

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

Upcoming NFT Sales

The following table shows the top upcoming NFT sales and a sample of their art.

Project NameSale DatePriceItemsMarket CapSample
Martizens15 June 20222.50 (ETH)10,00025,000 (ETH)
Miningverse NFT2 July 20220.25 (ETH)10,0002,500 (ETH)
Shibacademy NFT Game30 July 20221.5 (SOL)8,88813,332 (SOL)
SpaceXApes 3d15 June 20222 (SOL)4,4448,888 (SOL)
Pepe Frens10 June 2022200.00 (CRO)750150,000 (CRO)
Project NameMartizens
Sale Date15 June 2022
Price2.50 (ETH)
Market Cap25,000 (ETH)
Project NameMiningverse NFT
Sale Date2 July 2022
Price0.25 (ETH)
Market Cap2,500 (ETH)
Project NameShibacademy NFT Game
Sale Date30 July 2022
Price1.5 (SOL)
Market Cap13,332 (SOL)
Project NameSpaceXApes 3d
Sale Date15 June 2022
Price2 (SOL)
Market Cap8,888 (SOL)
Project NamePepe Frens
Sale Date10 June 2022
Price200.00 (CRO)
Market Cap150,000 (CRO)

* Sources: Rarity Tools, Crypto.com

Top Artists

The following table shows selected top artists (by sales volume on each platform) and a sample of their art.

PlatformArtistSales Volume (USD)Sample
Crypto.com NFTLoaded Lions$215,700
Magic EdenGreat Goats$4,086,196
PlatformCrypto.com NFT
ArtistLoaded Lions
Sales Volume (USD)$215,700
PlatformMagic Eden
ArtistGreat Goats
Sales Volume (USD)$4,086,196
Sales Volume (USD)$27,757,940



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