This week’s top 10 NFT sales list lacks the usual CryptoPunks presence
Ether Rock 99 switched owners for 289 ETH, or about $839,000 making it to the first place of the top 10 NFT sales for the past week. The NFT is part of the Wrapped Ether Rock collection, one of the first NFT projects to launch on the Ethereum blockchain.
Ether Rock NFTs were among the first non-fungible tokens on the Ethereum blockchain. However, to make them tradable following the modern ERC-721 standard, these rock images need to be wrapped in a new smart contract. Therefore they are now known as the Wrapped Ether Rock NFT collection, a series of images of drawn rocks. Sometimes the beauty and value of an NFT are perhaps solely hidden in its status as one of the earliest projects ever.
The complete Ether Rock collection consists of 100 Ether Rocks. However, the updated Wrapped Ether Rocks only contains 9 of them. The cheapest one on the market right now would be Ether Rock 92. It has an asking price of 259 ETH or $656,000.
However, Ether Rock 99 wasn’t the only NFT that stood out on the Top 10 NFT sales this week. The entire list is incredibly varied, with entries from nine different collections. Names like Art Blocks, Axie Infinity, Bored Ape Yacht Club, and Invisible Friends have all made the list. Traditionally we see a much less diversified selection.
This might be interpreted as a signal that NFT collectors are looking beyond the most actively traded collections like CryptoPunks and BAYC. Possibly plowing through secondary markets for hidden gems. Check out the full list of top 10 NFT sales below.
Top 10 NFT Sales
- Ether Rock ID 99 – $839,020 / 289 ETH – buyer’s wallet
- Ringers #376 – $801,330 / 306.52 WETH – buyer’s wallet
- MusicHub – $709,920 / 272,000 MANA – buyer’s wallet
- Metavex LAND Sale – 6×6 Estate M – $649,290 / 215,000 SAND – buyer’s wallet
- Axie Land [-12, -30] – $623,210 / 210 WETH – buyer’s wallet
- Axie Land [-30, -16] – $623,210 / 210 WETH – buyer’s wallet
- Bored Ape Yacht Club #8386 – $600,890 / 200 WETH – buyer’s wallet
- Invisible Friends #1125 – $581,130 / 200 ETH – buyer’s wallet
- Topps 1952 Mickey Mantle Card NFT – $469,210 / 175 WETH – buyer’s wallet
- CryptoPunk #1123 – $407,070 / 156 ETH – buyer’s wallet
OG NFT collections stand strong, new projects on fire
Ether Rocks are among the first NFT projects to launch on the Ethereum blockchain. This means it holds the OG status as a pioneer in the space. Having launched just weeks after CryptoPunks in 2017, these rocks have captured the attention of collectors for years.
Impressively, this week’s top 10 NFT sales reveal that Ether Rocks have the potential to sell for considerably larger amounts than CryptoPunks. The difference in sale price between Ether Rock 99 and CryptoPunk #1123 is more than $400,000.
Aside from OG collections, this week’s list reveals that the novelty factor is not something to be ignored in the NFT space. For example, the Invisible Friends collection launched just a couple of weeks ago and it’s already making splashes. At launch week, the Golden Friend NFT made it to the top 3 of the charts. This week Invisible Friends #1125 ranks eighth.
Another important trend to note is that metaverse land is also among the most desirable NFTs on the market. This week, both Decentraland and The Sandbox make an entry with sales over $640,000 each, asserting the dominance of land NFTs in the space.
In terms of interesting entries, this week the prize goes to Topps 1952, a Mickey Mantle Card NFT, which sold at an auction a couple of days ago. The NFT is part of the exclusive 1 out of 1 edition Timeless collection, and collectors will soon have a chance to participate in auctions for more NFTs from it.
DappRadar will continue monitoring the NFT space as both OG collections and rising-star projects draw in millions in trading volume. If you want to keep a close eye on your favorite collections, check out DappRadar PRO, to get the most up-to-date NFT sales data. Additionally, you can follow DappRadar on Twitter, to get the latest NFT news first.