Was Bored Ape Yacht Club The Top Ranking NFT Collection In 2022?

Even in the world of digital apes and other alluring creatures, bears ruled in 2022. The NFT market could not shield itself from the broader slump this year. As a result, most of the top collections treaded on the downtrend path.

That said, all hope isn’t lost yet. A recent Coinbase report chalked out that the 2022 NFT slump is healthy. It also asserted that NFT adoption is still in “early stages.”

Over the past day, three out of the top five NFT sales were from the Bored Ape Yacht Club collection. An NFT from the Azuki collection also found a place for itself on the list. Users ended up forking out funds in the range of $304k to $152k to acquire these digital tokens.

Source: CryptoSlam

Read More: 2022 NFT Downtrend Is Healthy, Adoption Still In ‘Early Stages’: Coinbase

The NFT Trend This Year

As illustrated below, the top NFT mentions this year included words, phrases, and hashtags like ‘BAYC,’ ‘boredapeyc,’ ‘BAYC,’ ‘eth,’ ‘mayc,’ ‘floor,’ ‘twitter cryptopunks’ ‘moonbirds,’ ‘nftcommunity,’ etc.

Even though the tags associated with the Bored Ape Yacht Club collection seem to be prominently dominant, it is worth noting that the said collection couldn’t make a cut to the top spot. Based on the social engagement stats compiled by LunarCrush, Azuki ranked one.

That was followed by Bored Ape and then Gary Vaynerchuk’s NFT collection VeeFriends. The Goblin Town collection was also a part of the list. They were launched in mid-May 2022 and rose to the top of the charts quickly. In fact, at that time, its trade volume stood second, next to BAYC.

Alongside, Moonbirds also fluttered their way into the top 10 list. As such, the said NFT artwork collection comprises a total of 10,000 computer-generated pixel owl avatars. Post-launch, they were all instantly sold out for a mint price of 2.5 Ethereum per NFT.  

Leaving aside the above-highlighted collections, Axie Infinity, MAYC, Gutter Cat Gang, and Sorare NFTs are also featured on the list.

Also Read: NFTs artwork: Valued at 18.8 Ethereum, Moonbirds flutter to top rank on OpenSea

Last on the list stood Yuga Labs’ Otherdeed for Otherside NFT collection. The BAYC Metaverse Otherside is considered to be one of the most prolific NFTs ever and mints were flying off the shelves post the launch.

In fact, in May, the weekly NFT volume on Ethereum claimed $1.6 billion, thanks to Otherdeed for Otherside. That helped in pulling up the aggregate worth of NFTs minted and traded on the platform to $23.7 billion.

  • BAYC
  • Bored Ape Yacht Club
  • nft
  • Nfts

Comments

Post a Comment

Popular posts from this blog

Elon Musk Denies Talks to Raise $3 Billion to Pay Twitter Debt Elon Musk Denies Talks to Raise $3 Billion to Pay Twitter Debt

Image
The Wall Street Journal reported that Elon Musk is in talks to raise $3 billion to pay off the substantial Twitter debt looming over the platform. The report states that Musk is exploring potential fundraising in an effort to begin paying back some of the $13 billion in debts that are connected to the social media platform. The report notes that Musk and his representatives have been in talks to sell up to $3 billion in Twitter shares. Adding that people close to the matter have cited discussions as far back as December. Conversely, Musk has taken to Twitter to deny the report. Source: MacRumors Musk Seeking Sale of $3 billion in Twitter Shares Since his $44 billion acquisition of the platform months ago, it has not been an easy road for Elon Musk ’s new Twitter . The controversy surrounding mass layoffs, and the highly publicized development of the subscription service have all been a constant aspect of the platform since his ownership. A massive part of his early per...
Read more

Shiba Inu Poised To Destroy A Zero: Here's When

Image
The Shiba Inu network is setting its sights on a significant milestone in the world of crypto currencies: the eradication of a decimal point. In crypto lingo, “eliminating a zero” is the term used when a coin’s price increases tenfold, effectively shifting its decimal point to the right. While this journey may be lengthy, it is by no means unattainable, and the SHIB community is abuzz with anticipation. With Shiba Inu’s (SHIB) current price standing at $0.00000793, the community is optimistic about SHIB’s prospects for destroying another zero from its price point. To accomplish this feat and breach the $0.00001 level, SHIB would need to achieve a gain of roughly 25.5%. Notably, the last time SHIB traded above the $0.000001 mark was back in August, as per Binance’s data. Source Amidst this development, the SHIB market saw a recent decrease in trading volume. While some may find this worrisome, others interpret it as a positive signal. Reduced tra...
Read more

After BRICS Success, President Xi Jinping Likely To Skip G20 Summit

Image
After the successful BRICS summit in Johannesburg, Chinese President Xi Jinping is most likely to skip attending the G20 summit in New Delhi, India. Sources familiar with the matter said that Chinese Premier Li Qiang will represent that nation at the G20 summit in September. Two Indian officials, one diplomat in China, and an official of another G20 country told Reuters on condition of anonymity that Qiang is expected to lead China’s efforts on behalf of Jinping at the summit. Also Read: Second BRICS Expansion Soon: South African PM Makes Huge Announcement Jinping is most likely skipping the G20 summit comes on the heels of the border dispute between India and China. The recent controversy over border disputes engulfed after China drew a map showcasing Arunachal Pradesh a part of Chinese territory. For the uninitiated, Arunachal Pradesh is a State in the northeast part of India and borders China. The proximity to China has caused several border disputes for decades. Whil...
Read more