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Adidas Originals NFT Compilation Enters Top 50 Collections by Volume, Close to $60M in Sales in 18 Days

News Feed - 2022-01-05 03:01:25

Adidas Originals NFT Compilation Enters Top 50 Collections by Volume, Close to $60M in Sales in 18 Days


Less than 20 days ago, the German multinational sneaker and sportswear corporation Adidas launched the company’s Adidas Originals non-fungible token (NFT) collection and since then the NFT compilation has surged into the top 50 NFT collections in terms of sales. Adidas NFT Collection Sees Significant Demand in Less Than 20 Days


At the end of November 2021, Adidas revealedit was “excited” about the metaverse and said the company had partnered with Coinbase and acquired land in The Sandbox. The following week, Adidas told the press it partnered with the Bored Ape Yacht Club (BAYC) NFT project, and the comic series Punks Comic. In mid-December, the company launched the Adidas Originals NFT compilation with Punks Comic, Gmoney, and BAYC.



Since then the NFT collection has done well in terms of sales, propelling its way into the top 50 NFT collections. At the time of writing, the Adidas Originals NFT collection is the 49th-largest NFT project in terms of sales. Between 13,801 buyers and 10,732 sellers, the NFT collection crafted by Adidas has seen 18,092 transactions. Adidas Originals has seen 14,781 ether or $57.6 million in sales since the day it launched. Adidas Originals NFT Floor Nears 1 Ether, Collection’s Sales Still Small Potatoes Compared to Independent NFT Compilations


Data from Dune Analytics is a touch different with Adidas Originals NFTs seeing 18,770 sales and an aggregate of 15,479 ether or close to $60 million. The current floor price for a single Adidas Originals NFT is 0.704 ether or $2,729. However, the average sale today is 0.747 ETH or $2,896 and the top sale on January 4, 2022, is 0.780 ether or $3,024. Metrics indicate that there are 17,976 unique ethereum (ETH) addresses holding an Adidas Originals “Into the Metaverse” (ITM) NFT.


While Adidas is one of the first well-known brands and corporate entities to enter the top 50 NFT collections in terms of sales, a large number of independent NFT projects have seen a lot more demand. Axie Infinity NFTs have recorded $3.8 billion in sales, Cryptopunks gathered $1.8 billion, Artblocks acquired $1.1 billion, and BAYC just crossed the billion-dollar marker with 296,616 ether or $1,022,099,909 in all-time sales. The Adidas Originals ITM sales only equate to 5.63% of the total sales BAYC has recorded. Tags in this story Adidas Originals, Adidas Sneakers, Adidas Sportswear, Artblocks, axie infinity, BAYC, Blockchain, Bored Ape Yacht Club, Collections, cryptopunks, Gmoney, Metaverse, nft, NFT collectibles, NFT collections, NFT Markets, NFT sales, NFT universe, NFTs, Non-fungible Token, Punks Comic, The Sandbox, Virtual Worlds


What do you think about the Adidas Originals ITM NFT sales making it into the top 50 NFT collections? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Netgear"s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform NEWS | 7 hours ago Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments NEWS | 9 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, Adidas, Previous articleNetgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform Next articleDefi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion


According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized ... read more.Billionaire Ray Dalio Sees Limitation on Bitcoin"s Price, Doubts BTC Can Reach $1 Million Mexico"s Third Richest Billionaire"s Advice: Invest in Bitcoin, Stay Away From Dollars, Euros This Year"s Top 10 Crypto Asset Gainers Outshined BTC"s and ETH"s 12-Month Returns Study Shows Market Share of Altcoins Surged Threefold Since 2014

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