Valhalla and Cockpunch NFTs hit $18 million transaction volume in the past seven days

Quick Take

  • Two NFT projects, Valhalla and Cockpunch, attracted a combined $18.6 million in trades within the past seven days. 
  • Coming in at third and fourth on NFT charts respectively, the projects earned ample sales volume despite depressed market conditions. 

Two new NFT projects saw over $18 million in transaction volume within the last seven days. 

The depressed market conditions of 2022 spared no one, not even blue chip NFT projects, but these projects brought in ample transaction volumes despite the state of crypto. 

Valhalla is the third most popular NFT project this week, with $9.4 million in transaction volume from 6,774 sales, according to the NFT data tracker CryptoSlam.  Valhalla is a tactical strategy NFT-based game created by Stacked, a Los Angeles-based startup founded in 2019. It was envisioned by the creators of Floki, a memecoin. The firm raised $15 million from Pantera Capital, Comcast Ventures and other investors, according to Stacked's website. 

Cockpunch, the fourth most popular NFT project this week, had $9.2 million in transaction volume from 9,554 sales within the last week. Cockpunch is a narrative fantasy fiction NFT collection founded by author and entrepreneur Tim Ferriss, best known for his book The 4-Hour Work Week. The NFT collection's associated podcast of the same name reached #21 for fiction podcasts on the audio streaming platform Spotify. One Cockpunch NFT even sold for 55.55 ETH, or over $70,000. 

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Overall NFT collectible sales remain a fraction of their sales volume at the beginning of 2022. The first week of December brought in $63 million in weekly NFT sales, compared to $230 million at the same time last year — a 73% decrease, according to The Block's Data Dashboard. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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