The CryptoPunk #6915 NFT recorded a record sale of 620 ETH, equivalent to 1.48 million dollars. Meanwhile, Ethereum is in first position in the Blockchain NFT sales ranking, followed by Solana and Bitcoin. 

The CryptoPunk NFT and the record sale of #6915 at 620 ETH

Suddenly, all eyes of the crypto community are back on the NFT market. In the last 24 hours, in fact, the CryptoPunk number 6915 was sold for a record figure of 620 ETH, the equivalent of 1.48 million dollars. 

“CryptoPunk #6915 just sold for 620 ETH ($1.48M)”

Specifically, the CryptoPunk #6915 is also the 53rd NFT of the famous CryptoPunk collection of 10,000 total pieces. 

From what has emerged, it seems that the address of the buyer initially offered 550 ETH, and then, after two hours, increased their offer for this NFT to 620 ETH, winning the sale. 

This record sale adds to those that have already taken place during this 2024, specifically in the month of April. 

In fact, five months ago, the CryptoPunk #635 had been sold for 4000 ETH, the equivalent at that time of 12.4 million dollars. 

CryptoPunk NFT and the record sale: Ethereum in first position in the Blockchain ranking

Looking at the data from cryptoslam, the record sale of CryptoPunk #6915 in the last 24 hours has confirmed the first position of Ethereum in the ranking of NFT blockchains by sales.

And indeed, always in the last 24 hours, Ethereum has recorded NFT sales for a total of 4.8 million dollars. In second place, there is then Solana, with 2.16 million dollars in NFT sales and, in third place, there is then Bitcoin with 1.83 million dollars.

The ranking changes only in sales numbers but not in blockchain positions if you also look at the last month. 

Ethereum remains in first place with a total of 124.5 million dollars in NFT sales, Solana with 75.99 million dollars, and Bitcoin 54.9 million dollars. 

Despite this ranking, in the last thirty days the top NFT sale is not the CryptoPunks collection, but rather Uncategorized Ordinals on the Blockchain of Bitcoin.

The general situation in the NFT market: the price recovery

Recently, the general situation of the NFT market was analyzed with the feeling of a price recovery, confirmed by the latest record sale. 

In fact, just days ago, the BAYC, CryptoPunk, and Pudgy Penguins collections were already recording increases both in terms of floor price and total sales volumes. 

Specifically, i CryptoPunk which hold the market capitalization record in the NFT sector, have seen a strong increase in quotations starting from August 20 onwards. The floor price of the collection increased by over 20% in just 8 days, going from 22.8 ETH to 28.5 ETH. 

Also the collection Pudgy Penguins increased by 14.78%, bringing the floor price to 10.79 ETH, while Bored Ape Yacht Club rose by 2.18% to 13.09 ETH. 

The latest news from the NFT sector include the new Non-Fungible Token collections launched by OneOf on Polygon’s blockchain, the statements of the famous NFL champion Tom Brady from Autograph, Caochella’s new market with FTX and OpenSea‘s monthly sales records. 

NFT News: OneOf and the collection of sports star covers

The popular NFT marketplace dedicated to music, OneOf, announced its new expansion into sports by launching a new marketplace in partnership with Sports Illustrated or “SI” to create new NFT collections highlighting superstar athletes, inspired by their most famous covers. 

Excited to announce @OneOfNFT is going beyond Music & entering the world of #SportsNFTs First major partnership is w @SInow #SportsIllustrated to bring legendary athletes @MuhammadAli @JerryRice @EmmittSmith22 @BillieJeanKing & more into the metaverse. https://t.co/mNFYna5Y7j

— Lin Dai (@ThePointsDai) February 1, 2022

“Excited to announce OneOfNFT is going beyond Music & entering the world of #SportsNFTs Pallone da football First major partnership is with @SInow #SportsIllustrated to bring legendary athletes MuhammadAli, JerryRice, Emmitt Smith, BillieJean King & more into the metaverse”.

The first batch of this collection features three of the most dominant and prolific players in NFL history – Jerry Rice, Emmitt Smith and Dick Butkus, along with 3D animated versions of their historic Sports Illustrated covers. 

SI’s remaining collection of covers will feature other influential and important sports figures such as Billie Jean King, who was the first woman to be named SI’s Sportsperson of the Year, Muhammad Ali, Shaquille O’Neal, Mia Hamm, Wayne Gretzky and Dale Earnhardt Jr.

OneOf has announced that it will be Polygon’s blockchain that will host the drops for these mega-star athlete collections. On that note, Josh James, co-founder and COO of OneOf, said:

“The expansion into sports and lifestyle is a natural evolution to further our mission to bring the next 100 million non-crypto-native fans into web3 through cultural passion points. This collaboration with Sports Illustrated to mint legendary athletes’ NFTs on the energy-efficient Polygon blockchain is the perfect way to launch our Sports and Lifestyle marketplace, and we are excited for the opportunity to engage millions of sports fans worldwide”.

The partnership between Coachella and FTX

The Coachella Valley Music & Arts Festival today announced a long-term partnership with FTX US (“FTX”), the leading regulated cryptocurrency exchange in the United States to officially enter the world of Non-Fungible Tokens. 

And indeed, it’s a new Coachella NFT marketplace, built by FTX on Solana’s blockchain, and the release of its first NFT series: the Coachella Collectibles.

Debuting with three collections, the Coachella Collectibles opportunity gives fans the chance to own lifetime festival passes, unique on-site experiences, physical products and digital collectibles, all verifiable through blockchain technology.

Coachella’s inaugural NFT sale and auction will be live from Friday, 4 February at 10 AM PST to Friday, 11 February at 5 PM PST.

OpenSea’s monthly sales record of $5 billion.

According to data from Dune Analytics, the leading NFT marketplace, OpenSea, appears to have generated more than $5 billion in total trading volume in January across Ethereum and Polygon sales, breaking the previous record set in August 2021.

Specifically, in January 2022, OpenSea had over $4.95 billion in Ethereum exchange volume and over $79 million on Polygon. 

Just last month, OpenSea had announced the closing of a $300 million Series C funding round, led by Paradigm and Coatue, which took the company to be worth $13.3 billion. 

Announcing Series C! We’re building the friendliest & most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust & safety, and invest deeply in the web3 community & ecosystem. https://t.co/OmRPleMCOX

— OpenSea (@opensea) January 5, 2022

“Announcing Series C! We’re building the friendliest & most trusted NFT marketplace with the best selection across many chains. The funding helps us accelerate product development, improve trust & safety, and invest deeply in the web3 community & ecosystem”.

Tom Brady retires and devotes himself to Autograph while Justin Bieber purchases his Bored Ape

Celebrated NFL champion, Tom Brady, winner of 7 Super Bowls, has announced that he is retiring from his 22-year career as an American footballer and devoting himself fully to his businesses like his Autograph NFT marketplace. 

In his roundup of career-closing tweets, the latest one is all about his future, described as follows:

“the future is exciting. I’m fortunate to have cofounded incredible companies like autograph.io, bradybrands e tb12sports that I’m excited to continue to help build and grow, but exactly what my days will look like will be a work-in-progress. As I said earlier, I am going to take it day by day. I know for sure I want to spend a lot of time giving to others and trying to enrich other people’s lives, just as so many have done for me. With much love, appreciation and gratitude, Tom”.

Recently, Autograph closed a Series B financing totaling $170 million co-led by a16z and Kleiner Perkins. 

At the same time, another music industry star, Canadian singer Justin Bieber, bought a Bored Ape NFT for 500 ETH, the equivalent of $1.29 million, paying more than 300% of the on-floor price. 

Bieber has his own account on OpenSea in which his entire collection of BAYC-rich NFTs is shown. The latest purchase was Bored Ape Yacht Club #3001 and, what makes the situation anomalous, is that the base price of the BAYC was 104 ETH or $270,908, at the time of the sale.

 

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The volumes of Ethereum NFT trades on OpenSea, which is the main marketplace for NFT trades, is up sharply in the first days of the year with record levels.

Record volumes for NFTs on OpenSea

On January 2, there was a volume of Ethereum trades worth over $243 million, according to blockchain data released by analytics firm Dune Analytics. This is a real record, compared to $170 million on 1 January and $124 million on the last day of 2021.

This is the third-best trading day to date on OpenSea in US dollars, following the all-time high of almost $323 million recorded on 29 August and the $267.5 million on 30 August also last year.

In 2021, the average volume transacted was more than $3 billion, with a record in August of $3.4 billion.

Records for NFTs, cryptocurrencies struggling

And all this despite the fact that the cryptocurrency market has been steadily in the red for the past two weeks. Bitcoin has fallen 16% in the last two weeks, Ethereum has lost 20% of its value in the same time frame. While back in December the major cryptocurrencies had all posted double-digit losses.

But NFTs don’t seem to be following this trend. On the contrary, according to data from OpenSea, in the first ten days of January, trading volumes have already exceeded 2 billion, suggesting a new record month for the non-fungible token sector.

This factor indicates, according to the experts, that a market that is still very immature has reached maturity. Until a few months ago, a drop in cryptocurrency markets was followed by a more or less corresponding drop in NFT sales volumes. Now this clear divergence shows that the NFT market has grown and is now able to stand on its own two feet.

Dragos Dunica, co-founder and Chief Data Officer of blockchain analytics platform DappRadar said in a recent interview that this rise of NFTs depends on factors outside the cryptocurrency market, such as the rise of Gamefi, the hype around the metaverse and the ever-growing celebrity interest in NFTs.

“All of these are signs that the NFT market is evolving and progressing rapidly towards its peak, making it an attractive investment prospect, regardless of how cryptocurrency prices are performing at the moment.”

Reese Witherspoon and other celebrities in the NFT world

Latest to be dazzled by NFTs and their potential developments was famous actress Reese Witherspoon who tweeted enthusiastically:

In the (near) future, every person will have a parallel digital identity. Avatars, crypto wallets, digital goods will be the norm. Are you planning for this?

— Reese Witherspoon (@ReeseW) January 11, 2022

Last October, the actress bought her first NFT.

Sports, the world of art and gaming were the first sectors to link part of their revenues to this new form of commercialization. But now the fashion and film worlds are also increasingly linking their brands and business to the sale of non-fungible tokens.

It is therefore inevitable that interest and business will grow even without the push of crypto markets. 

Indeed, according to Dunica of DappRadar, the trend could be dramatically reversed by 2022. Paradoxically, the NFT market could even drag the cryptocurrency market along.

 

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