After being sold for about 1,000 ETH (approximately $2.1 million), Meebits #17522 non-fungible token (NFT) has shattered the previous sales record on the platform. The NFT, which was sold earlier today, is the largest amount for an NFT on the Meebits platform.
Since the average price for Meebits NFTs stands at about 4.5 ETH, this sale was a particularly surprising one. This Meebits sale followed a record sale on the Cryptopunk NFT platform where Cryptopunk #1886 was sold for 451 ETH (about $1.07 million) when the average sale of NFTs on the platform is about 16 ETH.
NFT Craze Not Slowing Down
Even though most people dismissed the NFT market as a craze that would soon fade away, it has kept soaring and not ready to slow down at all. NFTs are not just growing in fame; they are also being deployed in various use cases.
The latest use case comes from Actor Anthony Hopkins who revealed that this next movie would be solely be released as an NFT. There have also been various media claims that photo and video sharing social site (Instagram) might soon launch NFT collectibles. The platform is seeking ways of monetizing the platform for its creators.
One proposed option is to create NFT versions of what obtains on competitor sites like only fans and Patreon. Another NFT platform, Mintable, raised about $14 million from investors during its latest series A funding round. Notably, media proprietor and billionaire investor, Mark Cuban, was among the backers of this funding round.
It is highly unlikely that NFTs would be a ‘fad.’ So far this year, NFT sales have garnered a staggering $2.6 billion. That amount has eclipsed the amount of NFT sales recorded in the whole of last year, and there would be more sales as we are only halfway into this year.
Also, last month was the best sales month for another NFT and crypto collectible marketplace, OpenSea.
Axie Infinity Token (AXS) Sets A New Price Record
AXS has attained a new peak price of $18.36. It surged by 46% to attain this price. The pokemon-inspired game exploded with lots of subscribers late last month and now has over 240,000 active players every day.
Given the very high entry barrier for players to play the game, Axie’s success is highly remarkable. Launched late last year, the AXS is the game’s reward for players with successful in-game requests and AXS HODLing.
As an ERC-20 token, it is built on the Ethereum network similar to its main rivals from sandbox and Decentraland (MANA and SAND). Today’s rally follows a bad week for gaming tokens. As of yesterday, the prices of AXS, MANA, and SAND crashed after experiencing an upsurge in the last seven days.
While AXS hit a new peak price, MANA also did likewise with its 18% rise to now trade at about $0.76. Also, SAND surged by 33.3% within the same period. Despite the various barriers to entry, the blockchain gaming space has been buzzing with interest this week, indicating that the industry isn’t dying soon.
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