The Most Popular and Best Selling NFT Collections of May 2022
Non-Fungible Tokens (NFTs) have become a trend in the cryptocurrency market in 2020. In 2021, NFT sales rose to $25 billion while In 2022, the trend shows a monumental rise. Artists, investors, and collectors are flocking to the Web3 space to earn and resonate aesthetically and emotionally.
With NFT, almost any digital object can be sold. Objects created on the same principle are combined into collections. These can be paintings, memes, music files, and more. The value of each NFT is determined by its uniqueness.
Specific NFT qualities (metadata) can be viewed in the smart contract or on the trading platform. The percentage of matching with other items in the collection is shown next to each characteristic. The smaller the value, the more valuable the item. The most expensive digital object in NFT history, The Merge, sold in 2021 for $91.8 million.
In 2022, against the background of a general decline in market indicators, sales of NFTs declined. According to NonFungible, from January to May, the weekly volume of transactions fell by 77.85% (from $142.26 million to $31.51 million). The number of sales fell from 164.06 thousand to 24.65 thousand.
Bored Ape Yacht Club
The best-selling collection in the second week of May was Bored Ape Yacht Club monkeys. Investors bought 806 collection cards for $46.28 million in seven days.
The largest deal for the week took place on May 15. Bored Ape #7265 was sold for 200 ETH ($403.48 thousand). This is the 4th transaction in the item’s transaction history. The character in a white sailor's hat accumulated the total amount of transactions for $516 thousand.
In general, the collection of bored monkeys increased the trade turnover to $3.65 billion. 🐵
In second place in the ranking is Otherdeed for Otherside. During the second week of May, 2,941 pieces of virtual land in the Otherside metaverse were sold for $40.45 million. The most expensive artifact in the collection, Otherside #10646, was bought on May 18 for 160 ETH ($326,92 thousand). Total digital artifact transactions for the entire time rose to $1.05 billion.
Azuki's collection of anime avatars closes the top three. In the last 7 days, cards with access to the virtual garden were bought 3348 times. The most expensive artifact of the week was Azuki #5909, which cost 250 ETH ($519.69) to its new owner. Seven-day transactions totaled $33.57 million, and the total rose to $815.5 million.
The 4th and 5th places in the top five best-selling collections of the week are proudly taken by Meetbits and Cryptopunks. Let's review it.
Meebits is a collection of 20,000 3D voxel characters created using a special generative algorithm. All 3D characters are registered in the Ethereum blockchain.
In a major sale on May 2022, Meetbit #17999 was sold for 13.62 ETH, which converts to roughly $28,298.56.
CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each can officially belong to one person on the Ethereum blockchain. Initially, anyone with an Ethereum wallet could claim them for free, but all 10,000 were quickly claimed.
As the second highest-selling NFT of all time, CryptoPunks has one digital collectible in the top-selling NFTs this week. The recent sale of CryptoPunk #7569 ($386,000) contributed to CryptoPunks' May sales of about $22.2 million.
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