The NFT marketplace has been abuzz with activity at the turn of the year. Mainstream players including big brands such as Nike as well as the arts and entertainment sector have driven greater interest in digital assets.
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See all Dogecoin forecastsAs a result of increased interest, NFT trading volumes hit a record high in January, suggesting a bumper year ahead. Leading the NFT space is OpenSea, with new comer LooksRare (LOOKS) hot on its heels.
Increased regulatory scrutiny amidst a jump in illicit activity across the NFT space may give some NFT owners cause for concern, however. A move by regulators to curb activity could adversely impact the NFT market as it has done to the broader crypto market at the turn of the year.
Dogecoin co-Founder Billy Markus Puts Last NFTs up for Auction
This week, Dogecoin (DOGE) co-founder Markus tweeted that his last remaining NFTs have been sent to the OpenSea marketplace.
The last 3 “dream” types of my dreaming doge NFTs have been released.
8 of each type with 88 total editions are in the collection.
Link: https://t.co/RNfsZulW5v
These are pixel art NFTs of a small doge with big dreams. Feel free to dl, they work nicely as a phone background! pic.twitter.com/NDRU6nErmG
— Shibetoshi Nakamoto (@BillyM2k) February 3, 2022
Titled “Dreaming Doge”, the collection consists of 8 NFTs. According to the OpenSea page, there are a total of 88 editions of each, with the sale due to end on 6th March 2022. The NFTs are “a collection of pixelated doge art for peace and good fortune”. At the time of writing, each edition had a unit price of 0.088 ETH or $250.18.
NFT Prices Sky High Amidst Surge in Trading Activity
The Dreaming Doge collection is up for a reasonable price when considering the price of some NFTs sold. In 2021, NFT sales volume jumped to $24.9bn, which was up from $94.9m in 2020.
According to DappRadar, Beeple’s The First 5,000 Days was the most expensive NFT sold, fetching a whopping $69.3m. A distant second and third were Human One ($29.0m) and BAYC and BAKC Bundle ($26.2m).