Was Bored Ape Yacht Club the top rated NFT gathering in 2022?
Even in the world of digital monkeys and other alluring creatures, bears ruled in 2022. The NFT market could not shield itself from the broader decline this year. As a result, most of the top collections stepped on the downtrend.
That said, all hope is not yet lost. A recent Coinbase report revealed that the NFT decline in 2022 is healthy. It also claimed that NFT adoption is still in the “early stages.”
Over the past 24 hours, three of the top five NFT sales were from the Bored Ape Yacht Club collection. An NFT from the Azuki collection also found a place on the list. Users ended up shelling out funds in the range of $304k to $152k to acquire these digital tokens.
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 such as “bayc”, “boredapeyc”, “bayc”, “eth”, “mayc”, “floor”, “twitter cryptopunks” “moonbirds”, ‘nftcommunity’ etc.
Although the labels associated with the Bored Ape Yacht Club collection appear to be prominently dominant, it is worth noting that the aforementioned collection failed to reach the top. Based on the social engagement statistics compiled by LunarCrush, Azuki ranked one.
It was followed by Bored Ape and then Gary Vaynerchuk’s NFT compilation VeeFriends. The Goblin Town collection was also part of the list. They were launched in mid-May 2022 and quickly rose to the top of the charts. In fact, at the time, the trading volume was second, next to BAYC.
Alongside, Moonbirds fluttered into the top 10 list. As such, the aforementioned NFT art collection comprises a total of 10,000 computer-generated pixel owl avatars. After launch, they were all immediately sold out for a new price of 2.5 Ethereum per NFT.
Apart from the above highlighted collections, Axie Infinity, MAYC, Gutter Cat Gang and Sorare NFT are also featured in the list.
Also Read: NFT’s Artwork: Valued at 18.8 Ethereum, Moonbirds Flutter to Top Rank on OpenSea
Last on the list was Yuga Labs’ Otherdeed for Otherside NFT collection. BAYC Metaverse Otherside is considered to be one of the most prolific NFTs ever and the coins flew off the shelves after launch.
In fact, in May, the weekly NFT volume on Ethereum claimed $1.6 billion, thanks to Otherdeed for Otherside. That helped pull up the total value of NFTs minted and traded on the platform to $23.7 billion.
