Buoyed by the increase in sales, Cryptopunks hit a new milestone, placing the project just below Axi Infinity when it comes to NFT’s all-time ranking by volume.
Be. As of April, the total sales volume from NFT collections was $2.2 billion.[In]crypto research. This latest milestone placed Cryptopunks above some of the most successful NFT projects in the industry, including BAYC, MAYC, Art Block, NBA Top Shot, CloneX, Azuki and VFriends.
Behind the increasing amount of cryptopunks
Since January, the total number of transactions on the NFT project has grown significantly, including an increase in unique monthly users, reaching 501 transactions and an estimated sales volume of $6.1 million.
By March, the total number of transactions increased by 187%, reaching almost 1,400, bringing Cryptopunks in sales to $98.5 million.
Looking at August 2021, the NFT project reached a new milestone of $679 million with over 2,500 transactions.
Other promising months in 2021 included July ($135 million), September ($217 million), October ($158 million), November ($135 million), and December ($172 million).
As of Thursday, the minimum price for an NFT project was around $175,000 (61.49 ETH). VeeFriends founder and VaynerMedia CEO Gary Vaynerchuk also revealed in a podcast episode with Logan Paul that he owns 62 Kryptpunks, estimating a $10 million+ valuation for his Cryptopunks collection alone.
“Perhaps there is no investment I believe in more than Cryptopunks,” he said. “we friends [his NFT] To be in conversation with cryptopunks also takes 15 years to fully execute. [They] Sit in a collective art structure that set the whole thing.”
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