New Data: Brands Generated More than $250 Million in NFT Sales

24.08.2022 09:12
by Aleksandar Đurić
1 min read

According to data by Dune Analytics, NFTs are still in a good place. At least, when it comes to generating additional revenue for leading brands.

Namely, popular brands have made a combined $260 million out of NFT sales so far. Nike is leading with a whopping $185.3 million, with Dolce & Gabbana ($25.6 million), Tiffany ($12.6 million), Gucci ($11.6 million), and Adidas ($10.9 million) behind it.

Despite this, the interest in NFT collections has been declining, with CryptoPunks and Bored Ape Yacht Club sales decreasing. However, pundits believe that the future for NFTs will be bright.

A report published by Verified Market Research predicts that the total market value of NFTs will amount to around $230 billion by 2030, while respondents in a survey conducted by CoinGecko believe that it will rise to more than $800 billion in the following two years. While these are very different prognoses, they’re both optimistic in anticipating NFT growth.

Author

  • An experienced journalist working in the film and video-game industries for many years. An enthusiast busy with learning new things about the world of crypto every day. Majored in English Language and Literature. Has a shrine in his apartment dedicated to Hidetaka Miyazaki.

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