What is the biggest mainstream use of physical nfts?

How Nike Became World’s Highest Earning Brand With NFT?

Last Updated: August 25, 2022By

Nike, the most recognizable sports brand in America, has been identified with the highest revenue from sales of non-fungible tokens worldwide (NFTs). Dune Analytics data showed that the brand had sales of $185 million, making it the highest-earning NFT brand overall.

Nike not only outperformed the next company on the list in terms of overall revenue but also in terms of transactions, with more than 67,000.

Other athletics and fashion brands dominated the top five on the list. Dolce & Gabbana, Tiffany, and Gucci came in second through fourth, fourth, and fifth, respectively, with total revenues of $25 million, $12 million, and $11 million. Gucci is in second place with about 4,000 transactions, followed by D&G with over 9,000, while Tiffany made that much money from just 74 trades. With $10 million in total sales but the second-highest number of transactions—over 51,000—Adidas finished in fifth place.

NFT sales

According to data from Non-Fungible.com, NFT sales have decreased over the past year, except for a lone increase on May 1 of this year. Around a year ago, on Aug. 27, daily sales reached a peak of almost 210,000; on Aug. 29, daily sales reached nearly $430 million.

Despite a significant period of instability in January and February, daily NFT sales and the price of cryptocurrencies continued to drop as of the end of last year, and the number of sales continued to exceed 120,000. This week, there were only 19,000 transactions, totaling a pitiful $6 million in sales.

Also, read – Top 7 Tweets That Changed The Course Of Crypto World

The top ten bored apes

Nevertheless, some collections continue to rule the sales charts despite the drop in NFT sales. Data from CryptoSlam shows that the top 10 NFT sales over the last day were all Bored Ape Yacht Club NFTs. The top ape was sold for 150 Ethereum, or about $242,000. Over $3 million worth of merchandise was sold, a 54% increase in sales from the previous day.

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About the Author: Diana Ambolis

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