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.

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
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?)
YouTube Lab
YouTube logo factory. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects.
Christmas Sleigh
First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.
CloneX #4239
20,000 next-gen Avatars, by RTFKT and Takashi Murakami
HaCKittieZ
Who will be the most Meowfool of the Meowfoolest?! 6 HaCKittieZ are fighting for the crown of madness! It is time for crowns to change their history: people, this is the crown of insanity we are talking about. So tell us, who is insaner than the insanest of collectors? Only the artists - the creators - would know, while crowning the one who is brave enough to play with the craziest possibilities of Async programmable art, on these 6 HaCKittieZ. Welcome to the feast of fools. HaCKittieZ is a collaboration of Hackatao, CryptoKitties and Async. The 6 KittieZ are a reinterpretation by Hackatao of the CryptoKitties’ classic elements, following their own style and getting inspiration from their own art pieces.