NFT
Two new NFT initiatives noticed over $18 million in transaction quantity inside the final seven days.
The depressed market situations of 2022 spared nobody, not even blue chip NFT initiatives, however these initiatives introduced in ample transaction volumes regardless of the state of crypto.
Vahalla is the third hottest NFT challenge this week, with $9.4 million in transaction quantity from 6,774 gross sales, in accordance with the NFT information tracker CryptoSlam. Valhalla is a tactical technique NFT-based recreation created by Stacked, a Los Angeles-based startup based in 2019. It was envisioned by the creators of Floki, a memecoin. The agency raised $15 million from Pantera Capital, Comcast Ventures and different buyers, in accordance with Stacked’s web site.
Cockpunch, the fourth hottest NFT challenge this week, had $9.2 million in transaction quantity from 9,554 gross sales inside the final week. Cockpunch is a story fantasy fiction NFT assortment based by creator and entrepreneur Tim Ferriss, greatest identified for his e-book The 4-Hour Work Week. The NFT assortment’s related podcast of the identical identify reached #21 for fiction podcasts on the audio streaming platform Spotify. One Cockpunch NFT even bought for 55.55 ETH, or over $70,000.
General NFT collectible gross sales stay a fraction of their gross sales quantity at the start of 2022. The primary week of December introduced in $63 million in weekly NFT gross sales, in comparison with $230 million on the identical time final yr — a 73% lower, in accordance with The Block’s Knowledge Dashboard.
