While most of the NFT industry has seen a negative market trend in terms of trading volume in the past week, the DeGods NFT collections saw its volume go up 26% to $6.49 million. The community thanks this success to ongoing developments, including a new non-custodial staking contract and community initiatives.
Without a doubt DeGods has become one of the most talked about NFT collections on the market. The community moved from the Solana blockchain to Ethereum, and was a top 5 NFT collection in terms of trading volume in the past week. They spent $6.49 million on 424 sales, meaning that the average DeGods sells for more than $15,000.
The biggest sale in the past week was for DeGod #7594, which went for 49.65 ETH or $96,580 through the Blur marketplace. In second place in the DeGods sales charts, we find DeGods #6553, which sold for 13.33 ETH or $25,690 through OpenSea on Sunday.
DeGods for the culture
Under the supervision of FrankDeGods, branding company DeLabs – which also owns the y00ts brand – announced a departure from the Solana blockchain in December last year. The process eventually took place this April, and now DeGods exists on Ethereum.
An NFT collection can be a lot of things, from art to tickets, and from game items to cultural artifacts. DeGods positions itself as a community for innovators, developers and builders. The team is now working on what they call ‘Season 3’, which will include new community initiatives and rewards. With DeYachtClub, DeGolf and DeShoeys there are already some examples of community initiatives supporting the DeGods ecosystem.
Leading the pack
Looking at the wider NFT market, there’s an ocean of red. Leading brands such as Bored Ape Yacht Club, Azuki and CryptoPunks have seen their trading volume plummet. Bored Apes are down 68% over the past 7 days to $12.93 million, while Azuki took a 50% hit and CryptoPunks even 75%.
We need to scroll further down the NFT Collection Rankings in order to find another NFT collection ‘in green’. Doodles has seen an increase of 63% in trading volume, reaching $4.22 million over the past 7 days. They just launched The Stoodio, a creative tool for the Doodles community made in collaboration with music artist Pharrell. The software will also tap into Doodles 2, the digital collectibles that exist on the Flow blockchain.
Another established NFT collection that defied the market trend, is PROOF Collective. The PROOF community membership has taken a few hits in the past months. At its peak a membership pass cost more than $350,000, but now these sell for a little more than $13,400 or 7.05 ETH. Interest surrounding PROOF could be increasing thanks to the newly announced Moonbirds x PROOF Community Council and various live community events. .
Eye catching NFT sales
The top sales are always filled with CryptoPunks and Bored Apes, because these collections have the highest floor price. That’s why it’s interesting to look at the sales from other collections, and pick out the ones that really stand out.
- Following the hype of the PEPE memecoin, a RarePepe card from Emblem Vault sold for 72.5 ETH or $133,912.
- Nouns #515 switched wallets for 37 ETHJ or $68,040
- You’d almost forget, but Yuga Labs launched TwelveFold on the Bitcoin blockchain, and now TwelveFold #153 sold for 25.99 ETH ($49,220) while being wrapped onto the Ethereum blockchain.
- With a $50,000 price tag, the generative artwork Ringers #712 by Dmitri Cherniak changed owners.
- Just outside the Top 200 sales of the past week, we found Pixelmon #6181 which sold for 20.5 WETH or $38,580. Pixelmon once became the laughing stock of Web3, but slowly seems to redeem itself as a new team has taken over development.
