Today's Top News:
- Market Movers
- NFT 2021 Volume Recap
- Adobe and NFTs
CyberBrokers, which minted for 0.35 ETH on Mar. 3, continues to see massive sweeps and now sits at the top of OpenSea 7-day and 24 hour volume rankings.
The project is up 192.48% in total volume with 4,200+ ETH traded in the last 24 hours, easily trumping the second and third largest projects in total volume with BAYC trading roughly 7,062 ETH in the last week and Clone X with 5,600 ETH traded (floor up 26.6%).
Crypto Brokers now sits at a 4.225 ETH floor.
Dour Darcels continues to push, seeing over 700 ETH traded over the 24 hours and floor price creeping up another 12.43% to 0.34 ETH.
I Like You, You're Weird, which dropped on March 8 for 0.09 ETH, has seen good traction over the last couple days with 2,500 sales over the last 24 hours, pushing the floor price to 0.19 ETH (floor up 38.46%).
Quirkes is now charting on OpenSea Top Collections on the 24 hour table, boasting a floor increase of 20.83% to 0.99 ETH, while volume decreased slightly to roughly 300 ETH traded.
Finally, CryptoPunks saw six sales in the last 24 hours, pushing the volume up 23.10% with almost 1,000 ETH traded. CryptoPunk #5307 was the largest sale over the last 24 hours, achieving a sale price of 80 ETH.
2021 NFT Volume Recap
Yesterday March 9, Nonfungible.com released their findings on total 2021 NFT trading and volume. According to the study, which was developed with BNP Paribas-owned research firm L’Atelier, NFTs sales exponentially increased 21,000% year over year from 2020. The sector saw a total of almost $17.6 billion dollars in total sales volume, compared to a mere $82 million in 2020.
There has been a major shift to the Metaverse, with more than 2.5 million crypto wallets holding or trading NFTs in 2021, up from just 89,000 a year earlier (Nonfungible.com Research). We can thank this shift due to increased awareness in the space as a whole, with celebrities investing and joining communities, well known auction houses like Christy's and Sotheby's hosting NFT auctions, and massive conglomerates and businesses race to create new marketplaces and cloud content storage services like CoinBase, SalesForce, NYSE, and newly revived Limewire.
Collectible NFTs still remained supreme, accounting for $8.4 billion in total volume, while Gaming NFTs and Metaverse Land saw the greatest jump. Gaming NFTs were led by Axie Infinity and reached a total of $5.4 billion, while the purchase of digital land and assets jumped to over $500 million in sales.
Average weekly volume is still sitting above the 4th quarter average of 2021, it is clear that influencers, brands, and more eyes will look to hop on board in 2022.
Adobe Enters Space
Yesterday March 9, Adobe and its social network Behance is adding support for the Polygon cryptocurrency platform. Adobe is looking to integrate with Polygon to help let users more easily showcase Polygon-based NFTs and allow artists to create assets in a more environmentally conscious way to potentially offset negative impacts.
As the space evolves with new Metaverse-based transactions and play-to-earn gaming continues to grow, Polygon (Layer 2) is going to become increasingly important to holders and the Ethereum blockchain as a whole to negate transaction and gas fees. A number of projects have recently opened the bridge to Polygon in order to decrease costs for holders and reduce energy and traffic on the server.