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NFT sells for $570,000, global sales recover

News
NFT sells for $570,000, global sales recover

A non-fungible token (NFT) from the Dreadfulz collection was recently sold for 445 wrapped ethereum (wETH), worth roughly $570,059 at the time of writing. According to CryptoSlam data, NFT markets have also seen a boost of around 14% in the past 24 hours.

Long time no see

As the bear market prolonged more than expected, NFT sales have also dropped. However, there were some worthy sales in December that might suggest that good days could be coming.

Dreadfulz #6802 remains the sixth top sale in the past 30 days. The top five NFTs that were sold lately are Pirate #5518 for $2.5 million, Hashmasks #5772 for $1.2 million, Bored Ape Yacht Club (BAYC) #1268 for $923,000, BAYC #232 for $908,000 and BAYC #441 for $691,000, respectively.

Moreover, Dreadfulz #6802 was first sold for $471 in March 2022. Blockchain data shows that it was sold for $11 on December 1, and for $16 on December 17.

Furthermore, this is the first time since November 2 that NFT sales have touched the $28 million mark. On the other hand, the number of unique buyers of this asset class has dropped in the past few days.

The number of unique buyers rose to around 39,000 on December 15, but has dropped to roughly 35,000 recently, according to CryptoSlam.

From Trump to NFTs

As digital art got traction, former U.S. President Donald Trump has also jumped into the asset class while, according to a previous tweet, not being a fan of the crypto ecosystem, calling cryptocurrencies “not money.”

Trump released his collection “Official Donald Trump NFT Collection Sweepstakes,” with a total of 45,000 collectibles that will be minted on the Polygon blockchain.

His former key strategist Steve Bannon, however, criticized the former president’s NFT collection, calling it poor work and that its creators “oughta be fired.”

“I can’t do this anymore. He’s one of the greatest presidents in history, but I gotta tell you: whoever – what business partner and anybody on the comms team and anybody at Mar-a-Lago – and I love the folks down there – but we’re at war. They oughta be fired today.”

Steve Bannon
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