VeeFriends NFTs has attained a new milestone reaching a total sales volume of $500 million. This comes despite declining monthly volumes in the overall crypto market. Since its launch in May 2021, VeeFriends has been a valuable project in the adoption of digital collectibles by the mainstream.
Its latest achievement is seen as a huge boost to the NFT space which has seen a decline in monthly volumes throughout 2022. Belarusian-American Gary Vaynerchuk created the VeeFriends NFT collection to bring life to the ambitions of the business executive in building a community. He used smart contracts and exposed them through NFTs.
By holding a VeeFriends NFT, one can become part of the VeeFriends Community. They can take advantage of exclusive access to VeeCon – a conference centered on discussions by well-established and emerging leaders in the NFT space and popular culture. When NFTs were struggling for sales in March, VeeFriends moved heads by generating about $19.19 million in volume. An increase in sales volume led to VeeFriend’s soaring transaction counts with 4,477 unique buyers and 9,161 transactions. By the end of the month, the platform’s sales volume reached approximately $53.21 million. In August 2021, it recorded an all-time high monthly sales in the region of $343.83 million. Despite the number of unique buyers on an 89% decline from May’s high, VeeFriends average sale value was relatively higher.
For the month of June 2022, VeeFriends’ total sales were around $2.28 million.