Biggest NFT drops and gross sales in 2021
Nonfungible token, or NFT, turned such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its phrase of the yr and Google searches for NFTs spiked to document ranges.
Behind the time period is a market that approaches $17 billion, in accordance with Cointelegraph Research. And the NFT market OpenSea is liable for processing most of those transactions, with a buying and selling quantity that not too long ago surpassed $10 billion.
NFTs’ potential reaches far past artwork to incorporate music, sports activities collectibles and video video games, whereas its utility encompasses possession in addition to unique entry to distinctive features and options.
From CryptoPunks and Beeple’s collage to NBA Top Shot and RTFKT, the next collections stood out, not solely in numbers however for his or her rising communities. As we wrap up 2021, let’s check out the highest 10 collections and gross sales in NFTs this yr.
CryptoPunks, Larva Labs
CryptoPunks are the OG of NFTs, in accordance with DappRadar. The assortment launched again in 2017 earlier than the ERC-721 NFT commonplace existed. Larva Labs launched all 10,000 punks free of charge to Ethereum customers and since then, CryptoPunks’ reputation and worth on the secondary market have boomed.
In June 2021, an alien punk sold at Sotheby’s for $11.75 million. In August, Visa acquired a $150,000 CryptoPunk for its company assortment and Hollywood company UTA inked a deal to make use of CryptoPunks in mainstream media. August 2021 noticed a document $400 million spent on CryptoPunks in a single month. In September, Reddit co-founder Alexis Ohanian attended the Met Gala sporting a CryptoPunk badge.
CryptoPunks has seen the very best buying and selling quantity on OpenSea with 756,984 Ether (ETH) ($3.03 billion). Its rising worth and historic relevance makes it the highest NFT assortment.
Bored Ape Yacht Club, Yuga Labs
The assortment with the second highest historic buying and selling quantity is Bored Ape Yacht Club, or BAYC, with 266,843 ETH ($1.07 billion).
The core group behind Yuga Labs is made up of 4 pals who wished “to make some dope apes, test our skills and try to build something ridiculous” this yr, in accordance with their web site. The lead artist behind BAYC is All Seeing Seneca. As an proprietor of one of many 10,000 Bored Apes, an NFT can double as a Yacht Club membership card and grant members-only entry to THE BATHROOM, the Bored Ape Kennel Club and Mutant Ape Yacht Club, or MAYC.
In September, Sotheby’s bought a set of 107 BAYC NFTs, made up of 101 Bored Apes and 6 Mutant Apes, for $24.4 million. This is the third-highest off-chain NFT artwork sale at an public sale home up to now, after Beeple’s NFT items. In November, a surge in OpenSea gross sales seemed to be related with a greater than 900% uptick within the sale quantity of BAYC and MAYC NFTs, probably as a consequence of movie star patrons like Jimmy Fallon, Post Malone who featured BAYC NFTs in a music video and Rolling Stone journal Bored Ape and Mutant Ape covers. Most not too long ago, BAYC was a part of a four-way collaboration between PUNKS Comic, Gmoney and Adidas Originals for the launch of Adidas’ “Into the Metaverse” NFT venture.
— Bored Ape Yacht Club (@BoredApeYC) November 13, 2021
On Tuesday, Bored Ape Yacht Club NFTs surpassed the ground worth of CryptoPunks for the primary time indicating bullish public sentiment towards the way forward for BAYC.
NFT artist Mike Winkelmann, higher referred to as Beeple and self-described as a “dude who makes crap,” holds the document for first and second-most costly digital artwork items bought at public public sale and off-chain as of November 2021, in accordance with Art Market Research.
Following British public sale home Christie’s $69.3 million sale of Beeple’s “Everdays: The First 5000 Days” in March 2021, Beeple’s “HUMAN ONE” piece bought for $28.9 million in November. “HUMAN ONE” is a tangible seven-foot-tall rotating field fabricated from LED screens. It could be bodily displayed, not like most NFTs that stay in digital wallets. The footage on the screens will probably be periodically edited and up to date utilizing blockchain by Winkelmann in response to present occasions, according to Christie’s assertion.
Beeple turned a family identify in 2021, particularly after winning GQ’s Maddox Gallery Artist Of The Year in September and sitting down with Jimmy Fallon on the late-night TV speak present The Tonight Show.
Related: Why NFTs could be a riskier funding than cryptocurrencies — Report
Axie Infinity, Sky Mavis
Axie Infinity shattered data as the sport turned the primary DApp to surpass $2 billion in NFT buying and selling quantity this yr, according to a DappRadar Q3 trade report. Axie lags simply behind CryptoPunks in buying and selling quantity. The sport not too long ago moved to the Ronin sidechain resolution and generated over $776 million in income in Q3.
Axies are creatures used to duel different gamers, battle enemies and full day by day quests. These NFTs could be bred (minted), purchased and bought, and are valued by their rarity and in-game benefits. In November, a land plot throughout the monster-battle NFT sport bought for a profitable 550 ETH ($2.3 million).
Axie Infinity co-founder Jeff “Jiho” Zirlin spoke on a panel on the NFT BZL convention earlier this month about his perception that “we are in a battle for the future of the internet, and grassroots communities such as Axie are having an impact against large corporations,” referring to companies like Facebook and Apple.
Axie Infinity was first created in 2018 and at present leads the gaming sector as a pioneer of the play-to-earn, or P2E, motion. And since launching a staking program that enables customers to carry Axie Infinity Shards (AXS) governance tokens, the buying and selling sport more and more attracts gamers.
NBA Top Shot, Dapper Labs
NBA Top Shot is a well-liked fantasy basketball NFT sport that first launched in late 2020. As a first-of-its-kind sports activities collectible sport, customers can acquire, commerce and promote playing cards as digital tokens that characterize their favourite NBA gamers and moments. Highlights can be utilized to finish challenges or organize into showcases to point out off to the group.
This summer time, Top Shot collectors who have been in individual on the NBA Summer League video games in Las Vegas have been capable of buy stay in-arena moments. It additionally welcomed the WNBA to Top Shot and launched its first WNBA pack drop.
Officially licensed by the National Basketball Association, NBA Top Shot was created by Dapper Labs and constructed on the Flow blockchain. The historic buying and selling quantity, according to DappRadar, is $750.4 million. The three highest-selling NFTs have been LeBron James NFTs from the Los Angeles Lakers’ 2019–2020 season.
VeeBuddies, Gary Vaynerchuk
Behind VeeBuddies is entrepreneur Gary Vaynerchuk, also referred to as Gary Vee, as each the artist and the venture founder. His hand-drawn animal doodles sold out in May for $51 million at auction in the first week, which Vaynerchuk said in one of his podcast episodes, he pocketed. After 90 days, VeeFriends’ revenue totaled $91 million. For the additional $40 million, Vaynerchuk received a 10% royalty on every secondary transaction. In October, Christie’s auctioned 5 VeePal characters for over $1.2 million.
The VeeBuddies assortment is made up of 10,255 character NFTs and every represents mental property. A advantage of proudly owning a VeePal is a three-year admission token to the multi-day superconference VeeCon. One NFT referred to as “Hangout Hawk” even comes with the chance to obtain mentoring classes with Vaynerchuk. One collector, YouTuber Dan Markham, exchanged his Tesla Roadster for graphic novelist Eli Burton’s “Positive Porcupine” NFT. In the next Twitter thread, VeeBuddies outlines its newest collaborations with firms from card sport producer Uno to the division retailer Nordstrom.
[5-min read] What’s been occurring in VeeBuddies this week!
— VeeBuddies (@veefriends) December 21, 2021
Related: Blockchains vie for NFT market, however Ethereum nonetheless dominates — Report
FLUF World is a set of metaverse-ready 3D avatars referred to as FLUFs residing as NFTs on the Ethereum blockchain. FLUFs are programmatically generated rabbit avatars. In an interview with Cointelegraph, New Zealand-based FLUF World founders shared their strategy to coming into the metaverse. “We had this strong belief that Web 3.0 metaverse is this community-led creative vision,” they mentioned, including:
“When you start with stories and weave them into characters, then people fall in love with those characters. And we’ve been really deliberate to build them in a way that makes them dynamic and engaging. It’s not a static piece of art. You can name them, modify the backgrounds or attach new music, according to your mood or vibe. All of this data is stored on-chain. And the users are part of the co-creation journey with us.”
During Miami Art Week, FLUF World hosted a FLUF Haus event to introduce FLUFs popstar, AngelBaby, who performed the first-ever live metaverse concert for both physical and virtual attendees. FLUF Haus organizes events that engage real-world artists into the metaverse and is FLUF World’s way of remaining connected to the physical world.
Users can purchase virtual real estate called Burrows, which serve as meeting spaces for FLUFs and other avatars. The latest addition to FLUF World includes 9,669 Party Bears, which sold out within 10 minutes of being dropped to users who wanted new avatars to explore the metaverse alongside existing FLUFs and spider Thingies.
Jadu Hoverboards and Jetpacks, Jadu AR Inc.
What do Canadian musical sensation Grimes, seven-time Formula One world champion Lewis Hamilton and legendary American rapper Snoop Dogg all have in common? Answer: Together with augmented reality developer Jadu, they are all behind a series of rare Jadu Hoverboards NFTs for players to fly around the augmented reality inside the metaverse. This collection of 6,666 hoverboard NFTs was the firm’s second NFT drop. The first, consisting of 1,111 Jadu Jetpacks, sold out in 20 seconds with a total volume of 2,632 ETH ($10.5 million) traded.
The Jadu Hoverboard collection has also been making waves with 1,873 ETH ($7.5 million) in cumulative volume traded since inception. Recently, Jadu raised $7 million in a seed round backed by prominent venture capital firms such as Coinbase Ventures to fund the development of the world-scale augmented reality game Mirrorverse, launching next year. On top of that, Jadu is partnering with The Sandbox to bring its jetpack NFTs to the latter’s metaverse. Both jetpacks and hoverboards will be compatible with 40,000-plus avatars, including popular collections like FLUFs and CyberKongz.
Back to the Future Day is the perfect time to reveal the Jadu Hoverboard NFT.
— Jadu (@JaduHologram) October 21, 2021
On Dec. 14, Nike entered the metaverse after buying RTFKT, with the objective of delivering next-generation collectibles to bridge the hole between tradition and gaming. RTFKT, pronounced just like the phrase “artifact,” is a studio fostering a brand new digital sneakers tradition for online game and blockchain fans. In an unique interview with Cointelegraph, Chris Le, the agency’s co-founder, mentioned casually: “I manage a team of artists and conceptualize sneaker designs. If I feel like getting my hands dirty, I’ll model the 3D sneakers, do all the rendering and make the NFT’s out of them.” Although the gathering consists of 13 sneaker NFTs, they’ve fetched a powerful 976 ETH ($3.9 million).
Aside from NFT footwear, RTFKT additionally minted a sequence of 20,000 three-dimensional avatars on the Ethereum blockchain referred to as Clone X. These in-game characters can be utilized in decentralized digital actuality realms, resembling Decentraland, along with different wearable objects. At the time of publication, RTFKT Studios second collections trending by way of buying and selling quantity for its Clone X collaboration with artist Takashi Murakami.
RTFKT is now part of the NIKE, Inc. household. pic.twitter.com/5egNk9d8wA
— RTFKT Studios (@RTFKTstudios) December 13, 2021
Related: Adidas Originals to launch debut NFT assortment
Pak, Nifty Gateway
Pak, a pseudonym for a digital artist or nameless entity, ranks as the highest NFT artist with a complete paintings worth bought of $321 million throughout 66,319 items, according to knowledge by CryptoArt. The creator’s works are identified for his or her refined mix of futurism and spatial depth interwoven with geometry.
During an occasion earlier this month referred to as Merge, patrons have been required to buy as many Merge tokens as they desired throughout a 48-hour sale. Each new Merge token switch was then mixed with the unique Merge token within the recipient’s pockets, forming a single entity and rising its “mass” worth. At the top of the public sale, patrons then acquired dynamically generated NFTs based mostly on how a lot “mass” they amassed all through.