With the valuations of non-fungible tokens (NFTs) surging in 2021, new names are rising to prominence in the world of digital investment, from the Bored Ape Yacht Club to Pudgy Penguins and Sneaky Vampire Syndicate.
According to new analysis, a NFT collection called Bored Ape Yacht Club has generated a staggering 58,118% return on investment (ROI) from its ‘mint date’.
The mint date is the date when a piece of digital art becomes a part of the Ethereum blockchain.
Bored Ape Yacht Club was developed by Yuga Labs and is a collection of 10,000 profile pictures minted as NFTs on the Ethereum blockchain.
The value of this NFT at mint was US$189, increasing a staggering 58,118% to US$109,816 on 29 September 2021, while Ethereum’s value on Bored Ape Yacht Club’s mint date was US$2358, compared to US$2817 on 29 September.
The analysis was done by BrokerChooser, based on the mint price of each NFT along with the price of Ethereum on the day it was minted, which was used to calculate the value in US dollars of the Ethereum required to mint the NFT. Then BrokerChooser found the current floor price of each NFT in ETH on OpenSea and calculated the current dollar value to calculate the change in dollar value from the day the NFTs were minted to the date on which we carried out the calculations.
In early September, a bundle of Bored Ape Yacht Club NFTs was sold for US$26mln at a Sotheby’s auction.
Bored Ape Yacht Club has 186,000 Twitter followers, which is the third-largest following on Twitter of all NFTs and the fifth largest NFT community on Discord.
Bored Ape Yacht Club NFT has had over 5,000 owners and is the third most traded NFT.
The Cool Cats NFT collection has the second-largest ROI of 19,301%, from the value of US$136 at mint to US$26,475 on 29 September.
Pudgy Penguins is close behind in third place with a 13,313% ROI.
The value of their NFT at mint was US$60 and rose exponentially to US$8027
Looking at the NFTs with the largest Twitter followings, the 140 Collection by Twitter has an astonishing 60mln followers and is the only NFT to have a Twitter following of over 250,000.
The 140 Collection by Twitter is 140 free NFTs, mainly moving images of Twitter’s logo, mostly created via the Ethereum network.
Not only this, but the 140 collection by Twitter is the only NFT to reach a 10ETH price floor on the same day as the mint date.
In cryptocurrencies, a floor price is the lowest price at which an NFT can be bought for a particular project.
The Sandbox, a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain, has a large online following, with 210,000 followers on Twitter and the fourth largest Discord following of all NFTs.
This can explain the 20,000 different owners of Sandbox – the second most of all NFTs.
Despite this, it took 575 days for Sandbox to reach 10ETH from mint – the 13th quickest.