Non-fungible token (NFT) assets have been around since at least 2014, but interest in them started to grow in January 2021, according to data from Google Trends. About a year later, the search word “NFT” recorded the highest score in Google Trends. During that time, his top 5 NFT collections in terms of sales totaled $12.7 billion in sales.
Five Irreversible Token Projects Earn $12.7 Billion in Revenue
Two years ago, the search query “NFT” first appeared in Google Trends (GT), 1/100 In the first month of 2021. Prior to that, the GT data showed little or no interest in NFTs, despite their presence. 2014 onwardsA year later, search queries reached a score of 100, as NFTs were so popular that searches for the term skyrocketed. He further noted that a year later, interest in NFTs had declined significantly, with search queries reaching his 11 out of 100 score in the week of January 22-28, 2023.
As of the end of January 2023, indicators show that the five highest-grossing NFT collections of all time have grossed $12.7 billion in total since they began making headlines.according to data According to dappradar.com, the leader in NFT revenue over the past two years is Axie Infinity, with revenue reaching $4.27 billion. On January 28, 2023, dappradar.com reports that Axie Infinity has a market cap of his $1.37 million. The website explains that “market capitalization is equal to the lowest price multiplied by the total supply of the collection.”
Cryptopunks followed Axie Infinity in overall sales, accumulating $3.02 billion in all-time highest sales. Its current market valuation is larger than Axie’s market capitalization at $1.04 billion. According to data, 7,503 traders traded Cryptopunks NFTs on his 23,259 sales. Next in the top collection is Bored Ape Yacht Club (BAYC), his $2.39 billion in sales to date. BAYC recorded his 31,225 sales among 15,176 traders. Its current market capitalization is slightly lower than Cryptopunk at $1.02 billion.
The fourth largest NFT collection of all time is the Mutant Ape Yacht Club at $1.66 billion. The Mutant Ape Yacht Club (MAYC) has an overall market capitalization of approximately $427 million, with 47,744 recorded sales among his 30,475 MAYC traders. The fifth largest NFT collection of all time is Artblocks, with worldwide sales of his $1.36 billion. With a current market cap of around $143 million, the project has recorded his 227,294 sales among his 54,842 traders. All five of his NFT collections have grossed $12.7 billion, but their total value is around $2.619 billion.
What do you think of the five NFT projects that collectively generated $12.7 billion in revenue? Let us know what you think about this in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com It is not intended to provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.