NFT Collections in 2022: Thriving Amidst Crypto Chaos

Fast Facts:

• Bored Ape Yacht Club (BAYC) emerged as the most popular NFT collection, surpassing $1.57 billion in trade volume.
• Mutant Ape Yacht Club (MAYC) gained significant traction as a more affordable entry into the Yugaverse, recording $1.14 billion in trade volume.
• Otherside, a metaverse project by Yuga Labs, generated massive buzz with over $561 million in sales within 24 hours and crashing the Ethereum network.
• Azuki, a non-Yuga Labs collection, made a splash with its anime-inspired NFTs, amassing over $849.9 million in trade volume.
• Moonbirds, a utility-based NFT collection, demonstrated resilience in a declining market, reaching $613.4 million in trade volume.

The year 2022 proved to be a rollercoaster ride for the cryptocurrency market, with both gains and losses being experienced. However, amidst the chaos, certain NFT collections showcased remarkable performance and resilience. These collections not only weathered the storm but also cemented their position as powerhouses in the NFT ecosystem.

I. Bored Ape Yacht Club (BAYC) – Leading the Pack

Bored Ape Yacht Club (BAYC) emerged as a trailblazer, solidifying its status as the most popular NFT collection. With its exclusive benefits and celebrity endorsements, BAYC experienced a stellar 2022, recording an impressive trade volume of over $1.57 billion. Despite the market downturn, the project’s enduring appeal and the successful launches of ApeCoin and Otherside further bolstered its performance.

II. Mutant Ape Yacht Club (MAYC) – A Gateway into the Yugaverse

The Mutant Ape Yacht Club (MAYC), an extension of BAYC, carved its own path and gained significant traction. Offering mutated versions of the original Bored Apes, MAYC became a gateway into the Yugaverse, accumulating a trade volume of $1.14 billion. Its affordability and increased trading activity contributed to its success, along with the airdropped ApeCoin and Otherdeed tokens that added value for holders.

III. Otherside – Redefining the Metaverse Experience

Otherside, a groundbreaking metaverse project by Yuga Labs, made a monumental entry into the NFT space. The launch of Otherside created a frenzy, generating a staggering $561 million within 24 hours and overwhelming the Ethereum network. With its virtual land plots known as Otherdeeds, Otherside disrupted the market and remained in the spotlight throughout the year. The project’s interactive demo showcased its visionary approach and left enthusiasts eagerly anticipating its upcoming gaming world.

IV. Azuki – Anime-Inspired Success Story

Azuki, a non-Yuga Labs collection, defied expectations and established itself as a major player in the NFT ecosystem. With its anime-inspired NFTs, Azuki amassed a remarkable trade volume of over $849.9 million. This collection’s unique appeal and independent success showcased the diversity and creativity within the NFT space.

V. Moonbirds – Resilience in a Challenging Market

Lastly, Moonbirds demonstrated resilience in a declining market. The utility-based NFT collection, built on the Ethereum blockchain, achieved a positive performance with a trade volume of $613.4 million. Holders of Moonbirds enjoyed exclusive benefits, including access to a private discord community and ongoing perks that increased in value over time.