More interestingly, Etherrocks, an NFT project that sells rocks in the form of NFTs, has been charging customers hundreds of thousands of dollars for each piece.ĩ mins ago (Aug-22-2021 06:39:03 AM +UTC) Penguins and apes NFTs are also among the most popular forms of non-fungible tokens.Īpes NFTs, which come in the form of Bored Ape Yacht Club (BAYC), have processed over $30 million in sales. Art Blocks’ NFTs have been the most popular, generating around $80 million in sales. In addition, in this past week, more than $220 million worth of NFTS was traded in over 55,000 deals. Axie Infinity has also garnered huge revenue, raking in $127 million in sales in the last week of July alone. In comparison, the platform processed just over $20 million for the entirety of 2020.ĭuring the recent NFT frenzy, CryptoPunks generated over $207 million in sales in one week, becoming the most popular form of NFT. In the last couple of weeks, the market for NFTs has been recording new milestones, one after another.ĬEO of the largest NFT marketplace OpenSea, Devin Finzer, revealed earlier this month that his platform processed around $95 million in transactions in just two days. NFTs Are Heating UpĪfter a period of market quietness, the hype around NFTs is now sparkling again.

The artwork can also be bought and sold via secondary marketplaces like Rarible and OpenSea, which has recently passed $1 billion in monthly volume for the first time.Īrt Blocks has witnessed a surge in summer sales amid a broader resurgence in the most pixelated and perhaps most hyped corner of the crypto market. It’s a little crazy.”Īrt Blocks, which is known for its colorful “squiggles,” offers users an element of mystery.īuyers can select an artistic style and pay up, then wait with bated breath as an algorithm creates their randomly generated piece of art. “Now every time we release something it feels like this drop because it just sells out instantly,” he says. “We just can’t keep art live on the platform,” says Erick Calderon, CEO of Art Blocks. The operators of Art Blocks, a squiggle-rich NFT platform, are shocked by the rate at which artworks are being snapped up. In other terms, collectors who use this platform have no idea what kind of squiggle they will get since the algorithm mints new, unique, and distinct tokens each time.

He says as soon as they release something, it gets hoovered up.Īrt Blocks is a generative art platform, meaning that each token is randomly generated by a previously defined algorithm.

“Now every time we release something it feels like this drop because it just sells out instantly,” Erick said.Įrick Calderon, CEO at Art Blocks, says the company’s squiggle NFTs have sold out at lightning fast speed.

Last week, Art Blocks’ NFTs generated around $80 million in sales.

Erick Calderon, CEO at Art Blocks, says the company’s squiggle NFTs have sold out.

Erick calderon art blocks