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Traders Are Tired of Trump NFTs

The former U.S. president’s second collection isn’t as successful as his first drop was, while Sotheby’s plans to sell an impressive NFT collection seized from Three Arrows Capital.

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The Top 5 Most Valuable NFT Collections And A Tool To Track Them Down

Some of these NFT collections are so ever-present that they are already part of the collective unconscious. Others, the general public has not even heard about.  What makes an NFT collection valuable? Market capitalization is the potential value of the whole collection, based on its size and the value of the individual pieces. In the case of NFTs, it’s hard to pinpoint, because it’s a volatile market with lots of action all-day-every-day.

Agreeing on which are the most valuable #NFTs collections is certainly hard.

We created a matrix called "Most Valuable NFTs Collections" and it shows the 20 most valuable collections, sorted by their market capitalization.

Access this data for free here: https://t.co/wXJyMCmRBD pic.twitter.com/PyzbPMDKCk

— IntoTheBlock (@intotheblock) April 21, 2022

When IntoTheBlock announced their list, they presented it by saying, “Agreeing on which are the most valuable NFTs collections is certainly hard.” Besides market capitalization, the “Most Valuable NFT Collections” list tracks number of owners, volume trade, average price, and number of sales. All of those stats are pretty common when discussing NFTs, but it’s certainly helpful to have them all on an interactive database.

The page also displays useful graphs that put everything into perspective, like “All-time Most Traded Collections,” “Collections With Most Unique Owners” and “Booming NFT Collections.” With that being said, let’s dive into each of the collections in the Top 5 and give some insight about them.

#1 NFT Collection: Bored Ape Yacht Club

At the moment, the BAYC surpassed the all-powerful Cryptopunks as the most valuable NFT collection. This is not surprising, since the Bored Apes became part of popular culture and are on their way to becoming mainstream. On their official site, they describe themselves as “A limited NFT collection where the token itself doubles as your membership to a swamp club for apes. The club is open! Ape in with us.”

As with most successful products, the Yuga Labs creation doesn’t come without its share of controversy. 

#2 Cryptopunks

They might not have been the firsts, but the Cryptopunks are certainly responsible for spearheading and popularizing the NFT movement. At first, you could mint them for free. Nowadays, the average price is 76.64 ETH. On their official site, they describe themselves as “The Cryptopunks are one of the earliest examples of a “Non-Fungible Token” on Ethereum, and were inspiration for the ERC-721 standard that powers most digital art and collectibles.”

The creators recently sold the whole collection to Yuga Labs. And, of course, controversy follows this project as well. And, they’re also on their way to mainstream adoption.

ETH price chart on Capital.com | Source: ETH/USD on TradingView.com
#3 NFT Collection: Mutant Ape Yacht Club

At first, these ones were free as well. They came into the scene as a way to reward BAYC members. Owners received an airdrop of “Mutant Serum,” using it they could mint a mutant version of their ape as a completely new NFT. Nowadays, the average price is 32.99 ETH. They don’t have an official site, but this is the NFT collection’s Open Sea page. As you can see by its place on this list, the interest in this collection keeps growing.

#4 CloneX

The collaboration between legendary Japanese artist Takashi Murakami and “digital artifacts” creator RTFKT is a success like no other. This might have to do with Nike’s recent acquisition of the company. The NFT collection ’s official site doesn’t describe itself, but NFT News does, “CloneX NFT collection is not only equipped for the Metaverse and features high-end avatars, but also marks the beginning of a community-focused environment ”

#5 NFT Collection: Moonbirds

The newcomer of the bunch is the Moonbirds NFT Collection. Their official site describes them as, “a collection of 10,000 utility-enabled PFPs that feature a richly diverse and unique pool of rarity-powered traits.” Since they’re so new, they’re easily beating all of the other collections in number of daily sales. Of course, the NewsBTC team has been covering the story as it happens.

Other NFT collections in the Top 10: Azuki, Sandbox’s LANDs, Doodles, Veefriends, and Meebits.

Featured Image: the most valuable list, taken from this tweet | Charts by TradingView

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Sportswear Giant Adidas Swooshes In On NFTs, Launches Collection

Adidas has entered the NFT league. On Friday, the sportswear firm will debut a new line of NFTs called Into the Metaverse, which will grant consumers access to a virtual fan club. NFT owners will be able to purchase limited-edition apparel, and Adidas claims that members will help define the products and experiences that the business creates for its NFT community.

Adidas Leads NFT Adoption

Adidas has unveiled Originals: Into the Metaverse, a non-fungible token (NFT) collection created in collaboration with non-fungible token (NFT) collections Bored Ape Yacht Club, PUNKS Comic, and crypto influencer Gmoney. Nearly 30,000 NFTs will be offered for purchase at a fixed price, with 20,000 reserved for early access sales to owners of partner collections.

Erika Wykes-Sneyd, VP of Brand Communications, Adidas Originals said,

“This is where people spend their time, how they want to express themselves and what’s going to force brands to act in ways that no one’s comfortable with yet, and it is already in our DNA to be a true collaborator brand.”

During the last week of November, the sneaker and sportswear company announced a team up with Coinbase, calling the metaverse “exciting.” Adidas also hinted at collaborating with The Sandbox, a metaverse game. Adidas announced a partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comic during the first week of December.

Last month, the footwear giant sold a collector token that might be used to redeem a future reward. Except that it was unclear when and how much would be redeemable, leaving customers perplexed and prompting some to wonder if Adidas was rushing into NFTs to keep up with other brands.

The Originals collection, on the other hand, which debuted less than a month after Adidas’ first token appearance, is far more on-brand. Furthermore, given the reach and popularity of its partners, Adidas’ launch puts it in a strong position to compete with brands with more established ventures in this market.

BTC crashes to $46k | Source: BTCUSD on TradingView.com

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Adidas has also purchased a “Indigo Herz” NFT from the Bored Ape Yacht Club (BAYC). According to the wallet’s NFT summary, the BAYC NFT Indigo Herz is formally known as Bored Ape Yacht Club #8774, and Adidas has a tiny collection of NFTs.

“Leading up to the launch, Adidas confirmed members were given the chance to redeem a POAP (Proof of Attendance Protocol) NFT status badge, commemorating their presence at the start of the brand’s metaverse journey,” the company’s NFT collection announcement details.

“It’s so refreshing to see a culturally influential brand like Adidas Originals work so closely hand-in-hand with the NFT community,” said Gmoney. “At every step, they’ve included the right partners from the crypto, metaverse, and NFT community and listened to their thoughts at an early stage.”

Nike, Adidas major competitor, stated last month that it is interested in the Metaverse as well. On November 18, Nike published a blog post titled “Nikeland,” detailing how the company has established itself in the popular virtual environment Roblox.

Nike made a major step on Monday by purchasing NFT company RTFKT, which is recognized for its digital sneakers and robust NFT community.

Related article | The Most Prominent NFT Platforms and Their Tokens

Featured Image from Pixabay | Charts by TradingView