Non-Fungible Tokens (NFTs) Gain Massive Traction, Here Are the Top 5 Performers


NFT-Economy

Non-Fungible Tokens (NFTs) Gain Massive Traction, Here Are the Top 5 Performers

While the crypto world is bullish about the latest craze in DeFi, there’s another sector that’s quickly gaining traction. We are talking about the Non-Fungible Token (NFT) industry that has registered nearly $3.5 million in volumes over the last month.

Chances are you might have not heard about NFTs before, or you have a brief idea. Well, remember CryptoKitties? The Ethereum-blockchain-based non-fungible collectible token that clogged up the entire network during the crypto market bull run of 2017.

Basically, a Non-Fungible Token (NFT) is a blockchain-based cryptographic token representing a unique asset. NFTs can be tokenized versions of real-world assets or digital assets. As the name suggests NFTs are ‘non-fungible’ meaning they’re not mutually interchangeable.

NFTs are used to create digital ownership for some unique digital items like crypto art, crypto-gaming, or crypto-collectibles. They also create the facility of asset interoperability across multiple platforms.

Non-fungible Tokens also called ‘nifty’, are currently making much noise in the crypto space. There’s some massive amount of funds flowing in the NFT over the last few months. NFT data aggregator nonfungible.com shows that there have been 32501 sales over the last month with nearly $3.5 million in trade volumes. The average USD price for a single NFT during the same period is $106.95.

Since the NFT economy is seeing a great surge, let’s look at some of the top-performing NFT tokens over the last month.

Top 5 Performing NFT Tokens

1. CryptoPunks

This proof-of-ownership ERC-721 NFT leads the charts as the top-performing NFT. Inspired by the modern CryptoArt movement, Cryptopunks NFT power digital art and collectibles.

Over the last month, there have been 433 Cryptopunks NFT token sales worth $462,945.38 USD in trade volumes. The average price of the Cryptopunks NFT has been $1,069.16 USD. Just over the last week, the average price has shot to $2,481.69 USD as the NFT registers $32,261.98 USD in trade volume.

2. Sorare

This fantasy soccer game allows users to trade official blockchain player cards. with Sorare, users can collect limited-edition digital collectibles, manage teams, and earn prizes.

Over the last month, Sorare registered 11651 sales with a total of $751,366.58 USD in trade volume. The average price of Sorare NFT over the last month has been $64.49 USD.

3. CryptoKitties

One of the most popular NFTs, CryptoKitties is are digital collectible cats built atop the Ethereum blockchain. The CryptoKitties tokens can be bred to create new cats with different traits and varying characteristics. The possibilities of breeding are endless. The CryptoKitties NFT can be traded using ETH.

Over the last month, CryptoKitties has registered 4675 sales worth $146,119.83 USD in trade volume. The average price of CryptoKitties NFT for the last month has been $31.26 USD. Among NFTs, CryptoKitties holds the crown of having the highest all-time trading volumes of $37,585,613.05 USD.

4. Cryptovoxels

This NFT presents a virtual world on the Ethereum blockchain in order to build, develop, and sell properties. Your land and your ownership-record will remain permanently on the blockchain.

Over the last month, Cryptovoxels registered 226 sales worth $128,794.53 USD in trade volume at an average price of $569.89 USD.

5. Gods Unchanged

This is another NFT that lets users select between 6 unique gods with distinct playstyles. The NFT combines the best of Magic the Gathering and Hearthstone in a strategic and competitive card game.

Over the last month, Gods Unchanged registered 357 sales worth $50,316.67 USD at an average price of $194.94.

Author: Bhushan Akolkar
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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Bhushan Akolkar 39 Articles
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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