- NFT sales had a breakthrough year in 2021, with total sales volume surging to $14 billion.
- The NFT market is dominated by a handful of standout leaders due to their popularity and rarity.
- These are the five best-selling digital collectibles that helped drive $926 million in NFT sales over the past week.
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The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as
In fact, 2021 was a breakthrough year for NFTs, with total sales volume topping $14 billion as artists, investors, and entrepreneurs descend upon the nascent Web3 space.
NFTs, or non-fungible tokens, are unique, irreplaceable, mostly digital items that users buy and sell online.
NFTs use blockchain technology to keep a digital record of ownership, similar to
Despite the ongoing sell-off in cryptocurrencies, NFT sales have held up relatively well. In the past week alone, sales hit $926 million, according to data from NonFungible.com.
With NFT sales soaring, these are the five best-selling NFT collections over the past week, according to NonFungible.
5. Cool Cats
7-Day Sales Volume: $14.8 million
Number Sales: 427
Highest Sale Price: $128,838
Explainer: "Cool Cats are a collection of programmatically, randomly generated NFTs on the Ethereum blockchain. The 1st generation consists of 10,000 randomly assembled cats from over 300k total options. Cool Cats that have a variety of outfits, faces and colors – all cats are cool, but completed outfit cats are the coolest."
4. Doodles
7-Day Sales Volume: $19.0 million
Number of Sales: 580
Highest Sale Price: $692,807
Explainer: "Doodles come in a joyful range of colors, traits, and sizes with a collection size of 10,000. Doodles are a funky bunch that like to role play or transmogrify themselves into delicious treats. Holding a Doodle allows you to participate in coordinating the Doodles Community Treasury."
3. CyberKongz
7-Day Sales Volume: $19.3 million
Number of Sales: 1,308
Highest Sale Price: $261,410
Explainer: "CyberKongz are unique and randomly generated 2D/3D NFT Social Avatars for your online experiences. Some appear normal. Some look weird. Some are just damn cool! Maybe some even look familiar!"
2.
7-Day Sales Volume: $48.5 million
Number of Sales: 189
Highest Sale Price: $3.1 million
Explainer: "10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement."
1. Bored Ape Yacht Club
7-Day Sales Volume: $182.4 million
Number of Sales: 2,083
Highest Sale Price: $1.3 million
Explainer: "BAYC is a collection of 10,000 Bored Ape NFTs -- unique digital collectibles living on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Club membership card, and grants access to members-only benefits."