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Invest in the Most Lucrative Space in the Cryptocurrency Industry

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May 21, 2022

Over the course of time, the cryptocurrency sector has become a highly adopted space. Several hundred millions of people have become part of the cryptocurrency industry and they all have one major benefit in mind. They all want to make money and over time, increase their profits.

This is the reason why different products and services have been introduced by many companies and entities.

Among all the sectors that have been thriving within the crypto-verse, the most unique and highly lucrative space is non-fungible tokens (NFTs).

Within the NFT space, there is a sub-category that is NFT Artwork and it has been gaining a lot of growth and success in the recent years. The artworks being sold within the NFT Artwork can be worth in several hundred thousands, if not multi-millions.

However, several artworks have been sold that were worth in several millions. Due to their strong potential for being highly lucrative and profitable, many companies have launched their artwork collections.

You can also invest and purchase the artworks by the below mentioned NFT artwork designing companies. You can sell them off and generate high gains from them.

Bored Ape Yacht Club

The largest NFT artwork collection company is Bored Ape Yacht Club (BAYC). Although the overall valuation of the BAYC collection cannot be confirmed but its estimated valuation is somewhere around 1,094,452.46 ETH. At the time of writing, the particular ETH count translates to $2,228,316,153.08. The average daily sales volume for BAYC is 314.49 ETH translating to $640,304.78.

The total number assets within the BAYC collection are 9,999. So far, 6,270 assets from the collection have been collected while 3,729 are yet to be claimed.

Otherdeed for Otherside

Otherdeed for Otherside NFTs are the second-largest within the crypto-verse with a valuation of estimated 846,054.96 ETH. At that time of writing, the particular ETH figure translates to $1,722,576,359.11.

The total number of NFT artworks within the Otherdeed for Otherside collections are 98,603. So far, 34,495 NFTs have been sold while 64,108 NFTs are yet to be claimed. The average daily sales volume for the particular NFTs is 1406.59 ETH, translating to $2,863,831.31.

CryptoPunks

Then come NFTs by CryptoPunks that is the third-largest collection by estimated market valuation. The total estimated valuation for the CryptoPunks’ NFTs is 511,501.11 ETH, translating to $1,041,421,374.97. The average daily sales volume for the CryptoPunks is 78 ETH, translating to $158,808.78.

There are currently a total of 9,999 assets that have been launched by the creators of CryptoPunks. Out of the total assets, only 3,456 assets are owned by different buyers from all over the world. So far, there are only 34.56% owners of the assets at CryptoPunks.

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