16/12/2024 NFT sales spike to $224m, Pudgy Penguins sales surge 50%

NFT sales spike to $224m, Pudgy Penguins sales surge 50%

The NFT market sales have surged amid mixed cryptocurrency price action, with Bitcoin reclaiming the $100,000 level while Ethereum retreated from last week’s $4,000 mark.

The global cryptocurrency market capitalization has slightly contracted to $3.63 trillion from last week’s $3.67 trillion as per CoinMarketCap data.

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According to the latest data fromCryptoSlam, the NFT market has surged 16.36%, with total sales volume reaching $224.5 million. However, the data shows that the number of unique buyers has decreased by 73.97% to 180,641.

Ethereum network sees a 21% surge

The EthereumEthereumeth2.68%Ethereumblockchain continues to dominate with $118.9 million in sales, showing a 21.33% increase over the previous period. The network has seen a surge in wash trading, which increased by 117.35% to $43.8 million.

Bitcoin’s btc3.36%BitcoinNFT ecosystem sales have reached $51.8 million, marking a 14.79% increase. The network’s wash trading has shown a moderate increase of 11.30%, suggesting relatively cleaner trading activity compared to Ethereum.

NFT sales spike to $224m, Pudgy Penguins sales surge 50% - 1Source: Blockchains by NFT Sales Volume (CryptoSlam)

SolanaSolanasol2.5%Solanahas strengthened its position with $21.4 million in sales, with a growth of 32.12%. Mythos Chain (MYTH) and ImmutableXImmutableimx2.2%Immutablecomplete the top five, with sales of $10.9 million and $8.5 million, respectively.

The collection rankings have seen major changes: Pudgy Penguins — the collection consists of 8,888 unique penguin avatars — retained its first position. Their sales volume reached $30 million, marking a 51.53% increase from the previous period.

Pudgy Penguins has evolved beyond just digital art; the brand now explores various licensing opportunities, including physical merchandise and toys inspired by the NFT characters.

BRC-20 NFTs maintain strong performance with $15.5 million in sales, showing a 54.63% increase. A notable newcomer, LilPudgys, has shown a 1,021.54% surge in sales, reaching $13.5 million.

Azuki and Guild of Guardians Heroes round out the top five, with Azuki showing particular strength with a 179.46% increase in sales.

NFT sales spike to $224m, Pudgy Penguins sales surge 50% - 2Top NFT sales: Data from CryptoSlam

Notable individual sales this week include:

  • SuperRare #37380 sold for $425,103 (108.3 WETH)
  • Autoglyphs #319 sold for $394,317 (100 WETH)
  • BOOGLE #HtZnzPMtm2LvtZUwuft sold for $261,004 (1,235.02 SOL)
  • CryptoPunks #735 sold for $254,665 (68 ETH)
  • Autoglyphs #172 sold for $224,820 (224,820 USDC)
Arts

https://crypto.news/crypto-vc-funding-avalanche-labs-secures-250m-investment/

Interesting NFTs
T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
Classical Collage
voronoi fun with some well known art
Coffin Dance (Dancing Pallbearers)
The most famous global meme of 2020, which has become a true symbol of the COVID-19 pandemic era. The token is issued with the support of the Ukrainian PR community, by Benjamin Aidoo team in collaboration with Matthew “DigiNeko” Ordrick, who in late March 2020 uploaded the video to YouTube which started a trend on the Internet. The owner of this token is going to get good luck for eternity. Format: 690  x  388 GIF
Forms of Love
The ever changing piece, that took you to understand the 10 forms of love. attach string to each of it,connect and try to understand it. how do you perceive it? it's up to you, it's part of me but also part of you at the same time. just don't use logic too much, we never live there anyway from the start.
Beulah Craft
Hi-ya! I'm Beulah Craft. I enjoy shakin' dat booty, picking on mice, and breakdancing. In my free time, I can usually be found hairy or running a podcast. I hope we can be pawmates.