Even though investors have been less interested in non-fungible tokens (NFT) in the last two months, Meebits keeps setting new records in the digital collectibles market.
Since May 2021, when it joined other projects, Meebits has been a big part of the NFT craze. Be[In]Crypto research shows that Meebits made a total of $506.59 million in sales. This was a big boost for the NFT space, which has been hit hard by the market’s bearish trends in 2022.
Axie Infinity, VeeFriends, Mutant Ape Yacht Club (MAYC), CryptoPunks, Bored Ape Yacht Club (BAYC), The Sandbox, NBA Top Shot, and other NFT projects are also in the running for highest sales volume.
Are you new to Meebits?
Meebits is an NFT collection made up of 20,000 3D voxel characters that were made using a custom generative algorithm. Meetbits was released in May 2021 by Larva Labs. It was made by the same people who made CryptoPunks, one of the most successful NFT projects.
In March, it was hard to sell digital collectibles, but Meebits still made about $45.85 million.
When you look at the rise in the number of unique buyers starting in May 2021, you can see that the platform’s transaction numbers are going up. There were 3,988 unique buyers and 12,972 transactions. By the end of the month, Meebits had made around $143.29 million in sales.
In August 2021, the average price of a Meebit was higher than it had ever been. By the end of the month, the average price of a sale was $21,425.89, which is a 93 percent increase from May 2021, when it was only $11,046.26.
About $112.49 million worth of Meebits were sold in August of 2021.
September 2021 ($30 million), January 2022 ($28.82 million), and April 2022 ($42.71 million) were also important months for sales of the collection.