Black_background_logo_BitcoinWorld-removebg-preview
NFT
Latest News

Mutant Ape Yacht Club is the fifth NFT collection to reach the $1 billion mark

According to CryptoSlam data, Mutant Ape Yacht Club (MAYC) became the sixth non-fungible token (NFT) collection to reach $1 billion in total sales on Wednesday.

With almost US$4 billion in sales, Axie Infinity leads the pack, followed by CryptoPunks, Bored Ape Yacht Club (BAYC), and Art Blocks.

MAYC is a collection of 20,000 NFTs that was developed by exposing BAYC NFTs to a “mutant serum” and released in August 2021.

MAYC has experienced a surge in sales, with a 72 percent increase in the last seven days. Of course, thanks to founder Yuga Labs’ acquisition of CryptoPunks and Meebits licenses from Larva Labs.

While NFT market sales have slowed in recent days, CryptoPunks, Meebits, BAYC. The, and MAYC have all experienced significant increases in sales volume following Yuga Labs’ acquisition. Also, with Meebits increasing by more than 1,000% in just seven days.

NBA Top Shot, a Dapper Labs NFT collection, is just $50 million away from becoming the sixth NFT collection to reach $1 billion in sales.
Related Posts – Ferrari joins the NFT universe through a collaboration with a Swiss…

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.