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Non-fungible tokens have become a trend of the cryptocurrency market in 2020. In 2021, NFT sales rose to $ 25 billion In 2022, the trend continues. Artists, investors, and collectors flock to the nascent Web3 space to earn, aesthetically and emotionally resonate.
With NFT, you can sell almost any digital item. Objects created according to the same principle are combined into collections. It can be paintings, memes, music files and much more. The value of each token is determined by its rarity.
Specific qualities of NFT (metadata) can be viewed in a smart contract or on a trading platform. Opposite each characteristic is the percentage of matches with other items in the collection. The lower the value, the more valuable the lot. The most expensive digital object in NFT history – The Merge – was sold in 2021 for $ 91.8 million.
In 2022, against the background of a general decline in market indicators, sales of non-fungible tokens decreased. According to NonFungible, from January to May, the weekly volume of transactions fell by 77.85% (from $ 142.26 million to $ 31.51 million). The number of sales decreased from 164.06 thousand to 24.65 thousand.
The most realized collection in the second week of May were bored monkeys Bored Ape Yacht Club. For 7 days, investors bought 806 collectible cards for $ 46.28 million.
The largest deal of the week took place on May 15. Bored Ape #7265 was sold for 200 ETH ($403.48 thousand). This is the 4th operation in the history of the object’s transactions. The character in the white hat of a sailor accumulated a total amount of transactions for $ 516 thousand In general, the collection of bored monkeys increased the trading turnover to $ 3.65 billion.
In second place in the ranking is Otherdeed for Otherside. For the second week of May, 2941 plots of virtual land in the Otherside metaverse were sold for $ 40.45 million The most expensive artifact of the collection – Otherside # 10646 – was bought on May 18 for 160 ETH ($ 326.92 thousand). The total volume of transactions with digital artifacts for all time rose to $ 1.05 billion.
The top three is closed by the collection of anime avatars Azuki. Over the past 7 days, cards with access to the virtual garden have been bought 3348 times. The most expensive artifact of the week – Azuki #5909 – cost the new owner 250 ETH ($ 519.69 thousand). The seven-day volume of transactions amounted to $ 33.57 million, and the total increased to $ 815.5 million.
The top 5 best-selling collections of the week also included:
- Meebits ($28.01 million).
- CryptoPunks ($12.47 million).
Recall: earlier on the Crypto.ru published infographics on cryptocurrency ecosystems with the largest capitalization in May 2022.
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