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NFT Digest — August 19, 2021

Weekly NFT updates from LegendsofCrypto(LOCGame)!

Overview:

  • Headlines
  • Highest 7-Day Sales
  • Top 5 Projects
  • Top NFT Marketplaces

Alibaba Opening NFT Marketplace, Backed by Sichuan Government — BeInCrypto

An NFT marketplace launched this week as a new section of Alibaba Auction. The platform is run by the Sichuan Blockchain Association Copyright Committee, which is to issue the NFTs!

The development is part of the Chinese authorities’ efforts to become the most advanced blockchain power worldwide by 2025, by enabling the integration of blockchain technology into key industries.

NFTs used to raise funds for displaced Afghan families

The Taliban takeover of Afghanistan has created an internal refugee crisis in Afghanistan involving hundreds of thousands of people and, to help where possible, Visualize Value, a graphic design agency, has partnered with Cooperative for American Remittances (CARE) to launch an NFT fund.

The NFT care packages are 0.03 ETH for one and 0.28 ETH for a bundle of 10 NFTs that will provide ‘care packages’ to displaced families in Afghanistan.

The proceedings from each NFT will be sent directly to CARE to support one family for a month by providing food, water, and shelter.

Google search volume for NFT marketplace OpenSea reached an all-time high last week

According to data by The Block Research, OpenSea, one of the largest NFT marketplaces, has reached a new record in Google search interest! Search interest reached 100 within the second week of August, the maximum amount of interest possible.

The new milestone in search trends coincides with an increase in trade volume on OpenSea as the marketplace reached $830 million in volume by Mid-August (194% increase from July).

Highest 7-Day Sales:

In the past 7 days (August 12 — August 19), the top 7 NFT sales stood at a total of $9.824M. This is the second week in a row that total sales volume drops.

CryptoPunks has been mercilessly thrown to the bottom of the list this week, ending their two-week streak at number one! This week’s top NFT sale belongs to Chromie Squiggle #3784 at a price point of $2.44M.

Top 5 Projects to Consider for Investment Portfolio:

In the past 7 days (August 12 — August 19), the top 5 projects amounted to a total of $340,682,621.75 and 476,395 sales. A $105,334,406.26M decrease in sales volume and a 67,847 increase in sales!

Even though sales volume took a big hit, transactions have been going up! Axie Infinity’s takes the lead again in sales volume at $204,691,242.58M and sales at 462,974.

Pudgy Penguins is a first-timer on this list since the first LOCG NFT Digest!

Top NFT Marketplaces:

In the past 7 days (August 12 — August 19), the top 7 marketplaces had a total of $664.966M in volume, a MASSIVE increase of 565.679M to make up for last week’s steep decline.

For the sixth week, Axie Infinity, takes the lead in traders with an increase of 101,755 putting the marketplace at 135,558. Opensea continues its lead in sales volume for the third week in a row at $412.179M. An increase of 354.929!

NBA Top Shot makes its first appearance this month at a sales volume of $3.545M and 40,595 traders.

Read last week’s NFT Digest here!

For partnership, collaboration & advertising inquiries please reach out to us at our email: partnerships@locgame.io

Feel free to reach out to our community admins for further clarifications through the following official channels (remember we will never contact you directly):

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