Author : Kenno

Date : Dec 28,2022

Three of the top five NFT sales for the day before came from the Bored Ape Yacht Club collection

The sector of programmed apes and other alluring creatures was dominated by bears in 2022. The broader economic downturn was too much for the NFT market this year to handle. As a result, the majority of top collections followed the slide.

Not all hope is gone, though. The 2022 NFT decrease is expected to be healthy, according to a recent Coinbase study. The usage of NFTs, it continued, is still in its "infancy."

Three of the top five NFT sales for the day before came from the Bored Ape Yacht Club collection. A NFT from the Azuki collection was also added to the list. These digital tokens cost users between $304k and $152k to purchase.

NFT's Year-End Trend

The most popular NFT terms this year were "bayc," "boredapeyc," "bayc," "eth," "mayc," "floor," "twitter cryptopunks," "moonbirds," "nftcommunity," etc., as shown in the table below.

Despite the fact that the Bored Ape Yacht Club collection's tags seem to be rather overwhelming, it's crucial to remember that the collection came in second. Azuki was ranked first by LunaCrush's social engagement stats.

Bored Ape and VeeFriends by Gary Vaynerchuk's NFT collection were the next two apps. The Goblin Town collection was additionally present. They were launched in the middle of May 2022, and they soon rose to the top of the charts. In actuality, BAYC had the second-highest amount of transactions at the time.

The moonbirds were included in the top ten. As a result, there are 10,000 computer-generated, pixelated owl avatars in the NFT artwork collection. The moment they went on sale for 2.5 Ethereum per NFT, they were totally sold out.

The list includes the previously mentioned collections as well as Axie Infinity, MAYC, Gutter Cat Gang, and Sorare NFTs.

The Otherdeed for Otherside NFT collection by Yuga Labs was listed last. Mints for the BAYC Metaverse Otherside flew off the shelves when it was first released, making it one of the most popular NFTs ever.

The weekly NFT activity on Ethereum, according to Otherdeed for Otherside, reached $1.6 billion in May. This helped the platform's total value of NFTs issued and traded to reach $23.7 billion.