NFT Craze Continues As Sales Hit All-Time Highs

race for non-fungible tokens (NFTs) saw a huge spike in 2021 and despite the opinions of many, it continues to grow.

NFT’s sales have exploded over the past six months. From selling digital art at a classic auction house for tens of millions of dollars to historical documents sold at auction with NFTs tied to digital collectibles, the industry has been on an upward trajectory.

With the arrival of summer in the United States, the rush to enter the NFT world has yet to abate. past week was marked by several notable NFT sales in the world of art, sports, and entertainment.

CryptoPunk’s NFTs Still Highly Desired

CryptoPunk NFT line has been at the forefront of NFT art since its launch in 2017 by Larva Labs. Since then, Larva Labs has minted 10,000 of the 24×24 pixelated headshots. CryptoPunk also has the distinction of having six of the ten most profitable NFT sales ever. Last week, CryptoPunk made history again by selling a pair of NFTs, one for $ 5.45 million and the other for $ 3.76 million. latter, titled CryptoPunk # 2140, was bought by businessman Gary Vaynerchuk.

rise in popularity of these digital avatars propelled CryptoPunk’s daily sales to over $ 45 million this weekend. However, that number will soon be surpassed as a CryptoPunk # 3100 listing was recently released with a price tag of $ 90.5 million.

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Stoner Cats NFT Collection Sold Out in 35 Minutes

An upcoming TV show called “Stoner Cats”, a project by Mila Kunis, sold 10,420 NFTs to help finance the production of the show and publicize its debut. collection attracted so much attention that it even caused problems for the Ethereum network, slowing down transactions and causing gasoline prices to skyrocket. Fast transaction prices have risen above 700 Gwei, around $ 33, one of the highest figures on record.

Despite the problems, the sale raised about $ 8 million for the program and plans for an additional 4,000 NFTs were announced. resale market is already flooded with Stoner Cats, some of which are priced as high as $ 1 million.

Axie Infinity hits an all-time high

Axie Infinity’s NFT project caught fire this month, becoming the most popular NFT space in terms of volume of all time. Additionally, Axie Infinity hit a new all-time high in transactions last week. A DappRadar report claims that Axie Infinity has accumulated a volume of $ 571 million in the last month, more than double that of OpenSea, Axie’s closest competitor. During the 24 hours of last week, there was a volume of almost $ 27 million, more than triple what OpenSea handled in the same period. DappRadar added that four of the fifteen best-selling NFTs in the last month were Axies.

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