The NFT market has had a resurgence this week, with renowned marketplace OpenSea recording the highest trading volume since early September. A report disclosed this news on October 6, noting that this increased trading activity also saw two profile picture (PFP) NFTs achieve vital milestones. Ethereum-based collections Cool Cats and CrypToadz had their first secondary market sales hit $1 million.
According to the report, only a couple of PFP NFTs has reached this milestone to date. These include Ethereum-based collections such as CryptoPunks, Bored Ape Yacht Club, and Mutant Ape Yacht Club. Solana’s Degenerate Ape Academy and Solana Monkey Business have also surpassed the $1 million level.
The piece that sold for $1 million in the Cool Cats collection is a special edition NFT dubbed Cool Cat #1490. The piece fetched 320 ETH (approximately $1.1 million) in an October 5 sale. Reportedly, this sale marked the start of the HalloweeNFT season, a period in which spooky NFTs, such as zombies, skeletons, and ghosts, are likely to thrive as Halloween inches closer.
Cool Cat #1490 is one of the nine one/one NFTs in the collection of 9,999. According to OpenSea, the nine cats are hidden and are extremely rare. Allegedly, their developers, Clon and Xtremetom created them without telling the rest of the team.
The piece features a special zombie face, a zombie hat, and a zombie shirt. These characteristics are specific to Cool Cat #1490. The NFT also belongs in the Exotic 2 tier, a trait available in 1% of the entire collection.
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CrypToadz #2155 nets $1.05 million
In CrypToadz, a collection of 6969 unique NFTs created by GREMPLIN, CryptToadz #2155 sold for 300 ETH ($1,050,000 at the time of sale) on October 5. Reportedly, the seller purchased the NFT for 1.5 ETH ($5,100) a month before selling it. OpenSea describes the piece as a small, warty, amphibious creature that lives in the metaverse.
CryptToadz #2155 features a watch, a trait available in only 7% of the pieces in the collection, and Gremplin eyes, a feature available in 2% of the NFTs. The traits that make it more unique are a Ghost Crash background (available in 0.27% of the artworks) and a body made of ghost bones (only 0.16% of the NFTs in the collection have this feature).
Despite launching in early September, the CrypToadz project is quickly gaining steam after recording sales worth $17.7 million in its first week. On October 3, the collection trading volume hit $19 million, setting a new daily high. Since its launch, the collection has recorded a trading volume of 34,000 ETH (worth approximately $124 million).
CryptToadz popularity has also seen Snoop Dogg, who recently disclosed he is Cozomo de’ Medici, purchase an NFT in the collection on October 5.