The lack of volume in the cryptocurrency markets is being felt much more in the NFT market. Prices have plummeted on a massive scale. NFT collections were extremely popular in 2021, with even the largest companies in the world releasing their own collections. Even government institutions were doing it. However, NFTs were largely forgotten with the gloom of the bear market.
Refik Anadol NFT
Turkey’s top technology artist, Refik Anadol, doesn’t seem to have lost much of his popularity from 2021. His latest collection released during this period of dwindling volumes received considerable attention. The volume data of the collection named “Winds of Yawanawa” demonstrates Anadol’s success.
According to OpenSea data, the NFT pieces consisting of data made a $3.9 million (2,493 ether) sale last week. The collaboration between Anadol and the Yawanawa tribe in Brazil has created a frenzy around Winds of Yawanawa. Remarkably, while famous NFT collections like Bored Ape Yacht Club and CryptoPunks lost 90% of their volumes during the same period, this situation is noteworthy.
Winds of Yawanawa Collection
Proof Collective’s research director @punk9059 praised Anadol’s latest collection. According to him, it was a commendable success. Winds of Yawanawa reached a volume of up to 451 Ether daily. This figure corresponds to approximately 25% of the total ETH volume on OpenSea.
The pieces in Winds of Yawanawa are not fixed, but instead visually evolve and constantly renew, unlike a sophisticated screensaver. According to the collection’s OpenSea page, Winds of Yawanawa NFTs are described as follows:
“The wind speed, strong winds, direction, and temperature data from the tribe’s village in the Amazon rainforest are used. These data are then combined with the works of young Yawanawa artists, revealing a fascinating interplay of traditional forms and data pigmentations colors.”
While the base price of NFTs in Winds of Yawanawa is approximately $18,300, a piece numbered 503 was recently sold for $26,000. Refik Anadol has shown that quality, innovation, and art continue to attract attention even in the least lively period for NFTs.
