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The cryptocurrency increase over the previous two years has helped propel a more recent market to file heights: digital collectibles often known as NFTs. 
Actually, 2021 has been a breakthrough yr for NFTs, with whole gross sales quantity hitting greater than $14 billion as each traders and entrepreneurs descend upon the nascent Web3 area. 
NFTs, or non-fungible tokens, are distinctive, irreplaceable, mostly digital items that customers purchase and promote on-line.
NFTs use blockchain technology to maintain a digital file of possession, just like cryptocurrencies. They had been first launched on ethereum, the identical blockchain that helps the cryptocurrency ether, and most NFTs can nonetheless solely be bought utilizing ether.

Up to now week alone, gross sales of NFTs hit $319 million, in response to data from NonFungible.com.
With NFT gross sales hovering, these are the 5 best-selling NFT collections over the previous week, in response to NonFungible.
5. Cool Cats
7-Day Gross sales Quantity: $7.2 million
Quantity Gross sales: 212
Highest Sale Worth: $146,089

Coolcatsnft.com

Explainer: "Cool Cats are a set of programmatically, randomly generated NFTs on the Ethereum blockchain. The first era consists of 10,000 randomly assembled cats from over 300k whole choices. Cool Cats which have quite a lot of outfits, faces and colours – all cats are cool, however accomplished outfit cats are the best."
4. The Sandbox
7-Day Gross sales Quantity: $17.7 million
Variety of Gross sales: 1,238
Highest Sale Worth: $245,031


The Sandbox

Explainer: "The Sandbox is a community-driven UGC-voxel platform the place customers personal their LAND and host their artistic magic."
3. Artwork Blocks
7-Day Gross sales Quantity: $21.6 million
Variety of Gross sales: 7,522
Highest Sale Worth: $1.1 million


Artblocks

Explainer: "A storefront for genuinely programmable and on-demand generative paintings that’s saved straight on the Ethereum blockchain."
2. CryptoPunks
7-Day Gross sales Quantity: $49.6 million
Variety of Gross sales: 164
Highest Sale Worth: $1.2 million


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Explainer: "10,000 distinctive collectible characters with proof of possession saved on the Ethereum blockchain. The mission that impressed the fashionable CryptoArt motion."
1. Bored Ape Yacht Membership
7-Day Gross sales Quantity: $104.3 million
Variety of Gross sales: 2,111
Highest Sale Worth: $1.6 million


Sotheby's

Explainer: "BAYC is a set of 10,000 Bored Ape NFTs—distinctive digital collectibles residing on the Ethereum blockchain. Your Bored Ape doubles as your Yacht Membership membership card, and grants entry to members-only advantages."

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