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NFT sales reach all-time high $1 billion in last week of August

Non-fungible token (NFT) asset sales continue to break records with over $1 billion in transactions taking place in the seven days ending on August 29, according to statistics from nonfungible.com.

The figure dropped to $821 million the following week.

Due to its extreme popularity, a good number of NFTs are selling for hundreds of thousands to millions of dollars in crypto.

Cryptopunks is the top seller during the last seven days with $246 million in volume, up 7.32 percent since the prior week.

The Mutant Ape Yacht Club (MAYC) collection came in second with $210 million in trade volume followed by The Loot for Adventurers, which commanded $150 million.

Coming in fourth place this week is Axie Infinity as the NFT gaming universe built on Ethereum saw $144 million in weekly volume, closely trailed by Art Blocks with $144 million as well.

Opensea was the top NFT marketplace in terms of 24-hour sales, according to dappradar.com, with aw $179.5 million in volume, followed by Axie Infinity, Superrare, the Tezo’s Hic et Nunc, NBA Top Shot, and Rarible.

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