Nike, BAYC biggest winners as NFT royalties generated $1.8 billion, Galaxy says
A report from the research arm of Galaxy Digital, a digital asset-focused financial services firm, laid out data showing that, while NFT royalties benefit small artists, the main beneficiaries are top NFT projects like Bored Ape Yacht Club and corporations like Nike. Royalties for Ethereum-based NFT projects earned a total of $1.8 billion in revenue. The top 10 NFT projects netted $489 million, or 27% of all royalties earned. Yuga Labs, with its Bored Ape, Mutant Ape and Otherside projects, brought in $147.6 million in royalties, followed by Art Blocks with $82 million. Adidas was next, raking in $4.7 million in royalties, with Gucci’s royalties seeing $1.6 million.
Source
https://t.me/nftsdefifinance
