Two unique artworks amidst multi-million dollar generative art
NFT artist Stani sold artwork on the Foundation marketplace for $1.17 million, promising the buyer a refund and a 10% yield upon returning the NFT. This remarkable approach to NFT sales made it into the DappRadar Top 10 NFT Sales, in which CryptoPunks, a Bored Ape, and Fidenza artworks are leading.
The NFT artwork Yield by Stani was commissioned by Sven Eberwein, a Los Angeles-based designer. The owner of the NFT can either keep it and bet on the value of the artwork increasing over time, or they can get their money back with a 10% profit. The buyer paid 350 ETH or $1.17 million at the time of the auction. According to the project’s rules, they will now receive 10 ETH on top of the paid amount when they return the NFT.
Aside from this unique take on NFT art purchasing, the Top 10 NFT Sales also includes a photo NFT. Twin Flames is a collection of photographs about identical twins. Justin Aversano made one hundred photographs of twins in 2017 and 2018, and Ali &Gilli is the first one of them that sold as an NFT.
The rest of the top 10 is filled with punks and apes. Punk #8857 sold for more than $6.6 million, while Bored Ape #3749 changed wallets for $2.9 million. For the first time we also have a Pudgy Penguin in the charts, as number #6873 sold for 225 WETH or more than $794,000.
Top 10 NFT Sales – Sept 6 – 12, 2021
- CryptoPunk #8857 – $6.64 million / 2k ETH – Buyer’s wallet
- Bored Ape #3749 – $2.91 million / 740 ETH – Buyer’s wallet
- Fidenza #135 – $1.52 million / 437.5 ETH – Buyer’s wallet
- The Eternal Pump #6 – $1.19 million / 350 WETH – Buyer’s wallet
- Yield by Stani & Eberwein – $1.17 million / 350 ETH – Buyer’s wallet
- Pudgy Penguin #6873 – $794.210 / 225 WETH – Buyer’s wallet
- Twin Flames #1, Ali & Gilli – $782.210 / 200 ETH – Buyer’s wallet
- CryptoPunk #5169 – $768.720 / 205 ETH – Buyer’s wallet
- Fidenza #356 – $727.920 / 185 WETH – Buyer’s wallet
- Fidenza #1 – $715,250 / 205 WETH – Buyer’s wallet
New NFT projects find traction amidst crypto drop
Despite the entire crypto industry registering a 15 to 20 percent drop in value last week, NFT collectors are still eager to take their chances on new NFT avatar projects. Newly launched avatar collections like CrypToadz and The Sevens – despite the drama – made an impact, while existing projects like Bored Apes and CryptoPunks saw a drop of 50% in trading volume.
Overall it’s safe to say that NFT trading has been impacted by last week’s price action. While the initial hype surrounding Loot and its derivatives seems to have calmed down. Loot saw its trading volume drop 87% to $25.69 million, while only The N Project still has a place in the Top 10 NFT collections. Most Loot derivatives have seen their trading volume drop 90 up to 99 percent over the past week.