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.
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