DappRadar’stop ten NFT collections have fallen on average by 25% since the collapse of the FTX exchange. In the last week,Bored Ape Yacht Club NFTsales have increased by more than 200% due to this drop in value, while MAYC sales have risen by more than 100%. Thecollapse of FTX exchangeand the hack have seen the industry at a turning point for increased user protection. In addition, the decreasing value of ETH has led to people speculating about whether the price of blue-chip NFTs will skyrocket. We’ll look at this and see what it might mean for the industry.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (1) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (1)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.jpg)
What is a Blue-Chip Floor Price?
A blue-chip price refers to a stable product in a turbulent time. A blue-chip NFT collection refers to NFT collections that demonstrate a high market value over the trajectory of the market. Blue-chip investments are traditionally linked to the stock market, as well as the large names within the market. This includes companies such as Google,Apple,Disney, andCoca-Cola.
Of course, the NFT industry is pretty new in itself. However, there are a few things that will determine an NFT collection to be known as a blue-chip collection. In terms of NFT collections, blue-chipped collections are more stable and valuable.NFT collectionsare blue-chipped because they’re regarded as the most stable in an industry that is extremely volatile.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (2) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (2)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.png)
NFT collections can also be considered blue-chip if they have a clear use for tokens. Aside from finances, blue-chipped also refers to a passionate NFT community built by a skilled team. These are just a few things that can often contribute to this term, but also the success of an NFT collection.
Recent NFT Sales Surge as Blue-Chip Floor Price Declines
Even NFTs are not immune to the domino effect caused by the collapse of the FTX exchange. Blue-chipNFT collections, however, are now 25 percent cheaper than they were a few weeks ago as the price of ETH falls, causing buyers to rush to the market to grab bargains.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (3) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (3)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/1668472218_393_Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.jpg)
It is predicted that NFTs from the Yuga Labs ecosystem have decreased more than 30% on average, withOtherdeedsland plot floor prices down over 41%. A piece of land that was worth $5,000 six months ago is now worth around $1,000 in the upcomingYuga-poweredmetaverse. However, last week’s trading volume for the threeYuga collectionsexceeded $20 million.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (4) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (4)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/1668472218_199_Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.png)
Despite the current turbulent events, NFT admirers remain firm in their views of tokenized assets. As NFT enthusiasts try to get some of the best NFTs at a discount, there has been a huge increase in traders and sales within the last week. This is super exciting, and we can see more interest in NFTs.
The Top NFT Sales
Among the highest-priced NFT sales,Bored Ape Yacht Club#5718 oversaw more than $560,000 and accounted for $1.8 million. The trading history of BAYC #5718 and #2062 NFTs is more interesting, especially considering promising trading, despite a fall in the value of ETH.
It hasn’t been traded too much since its mint a year ago, but BAYC #5718 was the top sale in the last seven days. Despite a significant drop in the price of ETH, the NFT now sold for 350 ETH instead of 150 ETH three months ago.
The trading history for BAYC #2062 shows that the minted NFT was sat on for more than a year before being sold recently for 325ETH.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (5) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (5)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/1668472218_886_Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.png)
Art Blocks Collection is Gaining $3.4 million in NFT Sales
Art Blocksis a platform dedicated to bringing contemporary, high-quality, and generative art to life and to the metaverse. With a community full ofdedicated artists, collectors, and an experienced team, Art Blocks is the place to go for crafted, contemporaryNFTs with a real focus on art.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (6) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (6)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/1668472219_174_Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.jpg)
NFT admirers and digital art enthusiasts have gravitated toward Art Blocks for months as a unique marketplace in the space. With more than 1.3 billion dollars in trading volume since inception, the NFT marketplace for curated generative art ranks 5th in all-time NFT collection charts.
On the Art Blocks marketplace, artworks from the Fidenza collection ranked third, eighth, and eleventh in terms of NFT value this week. Approximately $320,000 was paid for Fidenza #214, which sold for 200 WETH. The Fidenza #105 sold for 100Ethereum, or $158,000.
![Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (7) Recent NFT Sales Surge as Blue-Chip Floor Price Declines - PlayToEarn - Best Blockchain Games List (7)](https://i0.wp.com/playztoearn.com/wp-content/uploads/2022/11/1668472219_252_Recent-NFT-Sales-Surge-as-Blue-Chip-Floor-Price-Declines.png)
Recent NFT Sales
Taking a look at the current events and NFT sale trends,DappRadarhighlights the most lucrative sales, as well as the most interesting. Before we come to the end of this article, let’s take a look at some of the top NFT sales. For reference, this information comes from DappRadar, and its vital research into NFTs.