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NBA Top Shot

NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles

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NBA Launches Initiative Dedicated to Web3, Metaverse, and NFT Collectibles

This week, the National Basketball Association (NBA) announced the launch of its own non-fungible token (NFT) initiative called “NBAxNFT.” According to the professional basketball league, the goal is to showcase “all things intersecting basketball and Web3, including NFTs, gaming, and the metaverse.”

Professional Basketball and Web3 Collide

  • Following the popular collection NBA Top Shot and the upcoming Golden State Warriors 2022 Playoff responsive NFT collection, the NBA has started NBAxNFT, which currently consists of a Twitter account and Discord channel.
  • NBAxNFT is being called the “official Web3 home for the NBA,” and the project aims to combine all things basketball with NFTs, gaming, metaverse, and Web3 ideas.
  • “Thanks to all who have followed,” the initiative’s official Twitter account explains. “If you’re new here, we’re excited to use this space to share all things NBA basketball and Web3. Looking forward to engaging with our community and partners like NBA Top Shot.”
  • In terms of all-time sales of NFT collections, the Dapper Labs’ NBA Top Shot NFT collection holds the ninth position, in terms of all-time sales volume. To date, NBA Top Shot has seen an aggregate of 16,006,548 sales which equates to $885.6 million since the NFT’s inception.
  • The recently launched Discord channel has more than 35,000 members at the time of writing and according to the NBA, 2022 Playoff NFTs will be released this weekend.
  • “We’re showcasing all things intersecting basketball and web3, including NFTs, gaming, and the metaverse,” the NBAxNFT Twitter account detailed when it first launched the Web3 initiative.

  • Four days ago, the NBA’s Golden State Warriors announced the launch of a 2022 Playoff responsive NFT collection.
  • At press time, it has not been disclosed by the NBA whether or not Dapper Labs or the Flow blockchain will be involved, despite mentioning the company in a tweet about partners. Discussions stemming from the NBA’s Discord channel hint at the upcoming NFT drop being issued on Ethereum.


What do you think about the NBA jumping into creating a space for Web3, NFT, and metaverse content? Let us know what you think about this subject in the comments section below.

$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge

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$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge

During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across 258,536 NFT buyers this week, the NFT collection Meebits captured $1.23 billion in NFT sales.

With $2.5 Billion in NFT Sales Across 10 Chains, Ethereum NFT Sales Dominate by More Than 96%

A great number of non-fungible token sales continue, as the recorded sales across the top 10 blockchains with NFT compatibility amounted to $2.53 billion in NFT sales.

The metric is up 161% during the course of the week, but Ethereum’s NFT sales represent the lion’s share. NFTs stemming from Ethereum captured $2.45 billion and sales on the Ethereum blockchain are up 184% according to cryptoslam.io’s data on Sunday.

Out of this week’s top ten blockchain networks, Theta saw an increase in seven-day sales by 490.39%. Sales on the Wax blockchain increased by 17.10% and Flow blockchain sales jumped by 1.04% this past week.

$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge

The biggest sale this week, in terms of the most expensive NFT sold in seven days, was Meebit #13824 when it sold for 15,000 ETH or $50.61 million four days ago. Meebit #9711 sold for a touch less than #13824 at 14,730 ether or $49.25 million at the time of settlement.

Meebits has seen a 31,948.20% seven-day increase in sales and the collection is the top NFT compilation in terms of this week’s sales. The Meebits collection saw 574 buyers amid 2,199 transactions spend $1.23 billion in sales.

The week’s second most sold collection is the NFT project Loot as it has seen $281 million in weekly sales according to cryptoslam.io metrics. Loot is followed by Cryptophunks V2 as that NFT project saw $142 million in sales.

While Opensea Nears $15 Billion, Axie Infinity Nears $4 Billion in All-Time NFT Sales Volume

As Bitcoin.com News reported earlier this week, there’s been an influx of traders leveraging the new NFT marketplace Looksrare. The Looksrare NFT market has outpaced Opensea’s seven-day sales statistics with $444.55 million.

Opensea has seen $120.55 million in sales this week, down 32.58% from the week prior. Solana’s Magic Eden was the third-largest marketplace this week with $7.68 million in sales, according to dappradar.com stats.

Meanwhile, two NFT projects are about to reach new milestones in terms of all-time NFT sales volume. The NFT marketplace Opensea, which supports Ethereum and Polygon blockchains, is nearing $15 billion in total sales with $14.68 billion today.

Axie Infinity is getting close to topping $4 billion in total sales, as the NFT project has accrued $3.94 billion so far. Furthermore, Flow’s NBA Top Shot is getting close to $1 billion in volume with $776.49 million total and Solana’s Magic Eden is also nearing the $1 billion mark with $615.05 million in all-time sales.

What do you think about this week’s non-fungible token sales and statistics? Let us know what you think about this subject in the comments section below.

$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks

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This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales.

NFT Monthly Volume Sees Close to $3 Billion in Sales — Axie Infinity, Clonex, MAYC Sales Reign

While the crypto economy has seen a downturn, it’s too early to say whether or not it’s affecting NFT sales. However, monthly statistics show that across ten different blockchain networks including Ethereum, Ronin, Solana, Flow, Polygon, and more, there’s been $2.73 billion in NFT sales.

The collection with the most sales stemmed from the Ronin chain or the Axie Infinity blockchain video game NFT compilation. Over the last 30 days, metrics indicate Axie Infinity saw $219.5 million in sales. Month-over-month, Axie Infinity sales are down 66.51%.

The NFT collection Clonex pulled down $212 million over the last month according to cryptoslam.io metrics and Mutant Ape Yacht Club (MAYC) did $209.1 million in sales. MAYC was followed by Bored Ape Yacht Club (BAYC) with $196.2 million in 30-day sales.

The BAYC collection is followed by Cryptopunks ($144M), The Sandbox ($90M), Doodles ($85M), Prime Ape Planet ($76.4M), RTFKT Clonex Mintvial ($66M), and Adidas Originals ($60.2M).

Ethereum NFT Sales Rule the Roost, Cryptopunk #4156 Sells for $10.2 Million

Out of the top 20 NFT collections in terms of sales, the biggest gainers include the Solana NFT collection Shadowy Super Coder, up 170.46% this month, Bored Ape Chemistry Club, up 212.60%, and ​​Bored Ape Kennel Club, up 159.19%.

Notable collections during the last 30 days in the top 20 include Doodles (+72.50%), RTFKT Clonex Mintvial (+72.83%), and NBA Top Shot (+87.85%). The NFT collection Wolf Game lost 81.02%, Farmers World shed 89.51%, and Neo Tokyo Identities lost 53.05% this past month.

The top blockchain in terms of NFT sales this month is Ethereum (ETH) with $2.3 billion in sales. ETH is followed by Ronin, with $219 million in sales, and Solana captured $109 million in sales this past month.

ETH sales increased 34.41% and Flow sales spiked 87.33%, while the blockchain Polygon’s NFT sales jumped 98.93%. While Ronin sales are down 66.51%, cryptoslam.io stats indicate Solana sales are down 10.31%, Wax blockchain sales slipped 85.07%, and Theta chain NFT sales are down 90.31%.

The most expensive sale this month was Cryptopunk #4156 for $10.2 million and three Mega NFTs sold for between $3.6 million and $5.6 million in ether. Cryptopunk #2681 sold for $3.07 million and Meka #2194 went for $1.8 million this month. The Meka NFT was followed by BAYC #3562 for $1.6 million, Cryptopunk #9953 for $1.57 million, and Cryptopunk #2964 for $1.5 million.

What do you think about the NFT sales during the last 30 days? Let us know what you think about this subject in the comments section below.

Seventh-Largest NFT Platform Rarible Launches Messaging Application

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Seventh-Largest NFT Platform Rarible Launches Messaging Application

Following the non-fungible token (NFT) platform supporting Flow-based NFT collectibles, NFT marketplace Rarible has launched a direct messaging feature that gives creators the ability to connect with fans via the user’s wallet address.

Rarible Reveals Messenger Tool via Internal NFT Marketplace, Standalone Rarible Messenger to Follow

  • The NFT marketplace Rarible is the seventh-largest NFT platform in terms of all-time sales with $273.06 million in sales to date. Statistics from dappradar.com indicate that Rarible has roughly 86,489 traders using the marketplace.
  • Rarible is an Ethereum (ETH)-based NFT market but during the second week of November 2021, the platform revealed that users can now create, list, and trade Flow blockchain-based NFT collectibles on the Rarible platform.
  • The NFT marketplace announced the launch of the Rarible Messenger feature on November 23 and the firm explains that it aims to connect NFT creators with the community. At the time of writing, Rarible Messenger is live as an internal marketplace tool but in the future, the company says this will change.

  • Rarible details that the messenger protocol will be released as a standalone tool in order for people to communicate via Web3. Currently, the Rarible Messenger testing period allows a limited number of people to participate.
  • “Rarible Messenger is also the most user-friendly way to connect with anyone via blockchain, allowing users to communicate by entering each other’s wallet addresses,” a statement sent to Bitcoin.com News from the Rarible team explains. “The tool also features privacy settings, which can be enabled to block messages from unknown users.”
  • The NFT marketplace’s messenger tool also follows the firm’s Series A funding round that took place at the end of June. Rarible raised $14.2 million from investors such as Venrock, Coinfund, and 01 Advisors.
  • Rarible has a great number of competitors in the space that provide NFT marketplaces as well. The competition includes NFT market operations like Opensea, Hic et Nunc, Makers Place, Nifty Gateway, Ethernity, Hoard, Enjin, Fansforever, Foundation, Atomicmarket, Solanart, NBA Top Shot, Superrare, Aavegotchi, and more.

What do you think about Rarible launching a messenger application? Let us know what you think about this subject in the comments section below.

NFT Sales Climb 464% in 3 Months, Mochi Market Nears $1B, Cryptopunk #7804 Sells for $7.5M

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The market history of non-fungible token (NFT) sales has been steadily expanding during the last three months, according to statistics from nonfungible.com’s historical market data. NFT sales over the past three months have increased by 464% since June 27 and the Binance Smart Chain NFT market called Mochi Marketplace is nearing close to a billion dollars in sales.

NFT Sales Climb Steadily Over Last 3 Months

Nonfungible.com’s all-time market statistics across the last three months indicate that NFT sales have risen 464.53% since the end of June. Today’s top five NFT markets according to metrics from dappradar.com include Opensea, Axie Infinity, Cryptopunks, Mochi Marketplace, and NBA Top Shot.

The leading NFT marketplace Opensea is very close to surpassing $10 billion in all-time sales as metrics show Opensea has seen $9.7 billion settled to date. The popular Sky Mavis-crafted, blockchain-based game Axie Infinity is the second-largest NFT market in terms of sales with $2.74 billion in all-time sales. Below Axie Infinity is the collection called Cryptopunks with $1.53 billion in all-time sales among 5,157 traders.

Axie Infinity’s trader count is a whopping 899,154 traders and Opensea has seen 593,184 traders (unique addresses). A market that has recently made it into the top five NFT marketplace standings is the Binance Smart Chain (BSC) NFT market called Mochi Marketplace. The BSC-based marketplace for NFT sales has seen $748 million to date, and is awfully close to capturing a billion for the first time.

Only three NFT markets (Opensea, Axie Infinity, and Cryptopunks) in the ecosystem today have crossed over $1 billion in sales. Moreover, Mochi Marketplace only accounts for 4,271 traders which is less than Cryptopunks’ trader count.

Fractional NFTs Command Liquidity, 2 Cryptopunks Rake in Over $14 Million, Ringers #109 Settles for Close to $7 Million

On October 26, the top five fractional NFTs include “The Doge NFT,” “Etherrock #72,” “Feisty Doge NFT,” “PUNK Floor,” and “Ether Rock ID 70.” The NFTs “ladypunk,” “APE Punk,” “Dissected Meebit #10761,” “Antique Zombie Shards,” and “Bored Unshaven Dagger Set,” follow respectively.

Two Cryptopunks made this week’s top sales as “Cryptopunk #7804” sold for $7.56 million and “CryptoPunk #3100” sold for $7.51 million. An NFT from the Artblocks series, “Ringers #109,” sold this week for $6.93 million, positioning itself as the third-largest NFT sale this week.

Seven-day statistics indicate the top five collections this week are Axie Infinity, Cryptopunks, Boonji Project, Bored Ape Yacht Club (BAYC), and Inertial Moment.

What do you think about NFT sales gradually increasing 464% since the end of June? Let us know what you think about this subject in the comments section below.