Weekly NFT sales increase by 20% to $246 million. These were the top five most popular digital collections.

In recent years, the cryptocurrency boom has helped propel a newer market to new heights: digital collectibles known as NFTs.

Over the past year, the craze has pushed the total sales volume of NFTs to $25 billion as artists, investors, and entrepreneurs flock to the nascent Web3 space.

NFTs, or non-fungible tokens, are one-of-a-kind, irreplaceable digital items that users buy and sell online.

NFTs, like cryptocurrencies, use blockchain technology to keep a digital record of ownership. They were first introduced on ethereum, the same blockchain that underpins the ether cryptocurrency, and the majority of NFTs can only be purchased with ether.

But, a months-long cryptocurrency selloff has recently changed NFT sales. According to NonFungible.com, weekly NFT sales have more than halved since their early January peak of nearly $1 billion.
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However, weekly NFT sales increased 18% to $246 million last week, up from $207 million the previous week. The most popular NFTs remained the Bored Ape Yacht Club, while the NFT Cool Cats pushed CryptoPunks out of second place.

According to NonFungible, these were the top five best-selling collections in the previous week.

The Sandbox

$5.3 million in sales in 7 days
859 sales were made.
The highest selling price was $25,000

"The Sandbox is a user-generated content (UGC) voxel platform where users own their LAND and host their creative magic."

Doodles

$7.0 million in sales in 7 days
156 sales were made.
The highest selling price was $100,000

"With a collection size of 10,000, Doodles come in a playful array of colors, features, and sizes." Doodles are a quirky bunch who enjoy pretend play and transforming into tasty treats. "Holding a Doodle allows you to take part in the fun." The doodle community's coordination."

CryptoPunks

$17.1 million in sales in 7 days
66 sales were made.
The highest selling price was $757,000

"10,000 collectible characters, each with proof of ownership stored on the Ethereum blockchain. The project that sparked today's CryptoArt movement."

Cool Cats

$17.7 million in sales in 7 days
360 sales were made.
The highest selling price was $57,000

"Cool Cats are a collection of NFTs generated at random by a program on the Ethereum blockchain. The first generation is made up of 10,000 randomly selected cats from a pool of over 300,000 possible combinations. Cool cats with different outfits, faces, and colors – all cats are cool, but cats in full outfits are the coolest."

Bored Ape Yacht Club

$47.4 million in sales in 7 days
507 sales were made.
The highest selling price was $559,000

"BAYC is a collection of 10,000 Bored Ape NFTs, which are one-of-a-kind digital collectibles on the Ethereum blockchain. Your Bored Ape is similar to your Yacht Club membership card in that it grants you access to exclusive member benefits."