06/08/2021 NFT Markets Post Record-Breaking Week
NFT Markets Post Record-Breaking Week Despite Talks of a Bursting Bubble
Has the NFT bubble burst? A new report reveals otherwise, which claims markets for non-fungible tokens (NFTs) climbed to record high trading volume and average prices in the past week. "The Hash" squad discusses the ever-sizzling NFT craze and where it's headed.
Markets for digital collectibles known as non-fungible tokens (NFT) have climbed to record highs in trading volume and average prices in the past week, particularly over the weekend.
- Trading volume of NFTs on Ethereum reached $171 million, up 338% from the equivalent week in the previous month, OKLink, an OK Group market intelligence subsidiary, told CoinDesk.
- OpenSea, an NFT marketplace, saw record-breaking trading volume in the past two days. Volume reached $35 million on July 31 and $49 million on Aug. 1 according to on-chain activity monitoring platform DappRadar. Excluding July 31, OpenSea had an average daily trading volume of $8.3 million in July, with a high of $14.4. million on July 17.
- The volume of trading for CryptoPunks reached $78.4 million over the weekend, OKLink said. Today, the average price for CryptoPunks reached a record-high 66.919 ETH(+4.98%) ($175,520) on OpenSea.
- Another collection, ArtBlocks Curated, also saw record average price of 8.1216 ETH ($20,990) on July 31, according to OpenSea data.
- Average prices for Bored Ape Yacht Club (BAYC) digital collectibles hit an all-time high on OpenSea on Sunday. The average price for one of the 10,000 Bored Ape collectibles was 11.2614 ETH ($29,200), according to platform data.
- A July 30 article in the New Yorker was published just days before the BAYC community came together at a meetup in Venice Beach, California. The collective also held a simultaneous event on virtual world Decentraland.
Arts
(0)
(0)
Interesting NFTs
Last Selfie #7/10
Was it worth it?
Gunky's Uprising
Gunky's Uprising by SSX3LAU
Slimesunday and 3LAU team up once again under their alias SSX3LAU for a collection featuring their first exploration into color. TBD is a full length music video featuring an unreleased song from 3LAU and Slimesunday\u2019s mesmerizing animation. In a first for the artists, TBD\u2019s collector will have the opportunity to name the song (some restrictions apply).
缥缈之美的过去与现在（Vanitas Then and Now)
虚空派的画像。在这个虚拟时代，外在之美到底是否还受到时间的限制？(Vanitas portrait of a woman. Is beauty finite or not in the Virtual age?)
CryptoKitties
Yo! I'm Kitty #384623. I believe the world is flat. When no one's home, I invite my pals over and we listen to Frank Sinatra. Will you be the marmalade to my ghost pepper hot sauce?
#87445
By
OthersideDeployer