Can you name all the NFTs that Yuga Labs own?

These are the 6 NFT brands that Yuga owns:

Bored Ape Yacht Club
CryptoPunks
Mutant Ape Yacht Club
Bored Ape Kennel Club
Bored Ape Chemistry Club
Meebits

If you compare Yuga’s 6 NFTs to the rest of the 100 top NFTs:

Yuga Labs’ six NFT collections account for 43% of Ethereum’s NFT market cap.

That is $8.1B of a nearly $19B market.

That is pure domination.

What’s more, their ApeCoin has a market cap of $2.3B.

You can use ApeCoin to purchase things in their upcoming metaverse and BAYC ecosystem.

“The team behind BAYC will count on more capital to keep building Otherside — its ambitious interoperable metaverse project. Otherside is expected to involve play-to-earn games, fashion plans, and media platforms.”

They also sold OtherDeeds (land deeds for owning land in their Otherside metaverse) to a tune of $320M.

They also acquired the IP for CryptoPunks and Meebits to complete the domination.

At this current trajectory, no one else comes close to their sheer economic size, community building and social influence in the web3 world.

Yuga Labs raised $450M and is valued at $4B.

Their 6 NFTs dominate the entire market at more than $8.1B.

Their ApeCoin market cap sits at $2.3B.

They made $320M just from the launch of OtherDeeds.

There is so much more to come and they can keep releasing new NFTs each time to make more revenue.

Yuga Labs is a tour de force in the NFT sector!

Just for BAYC alone, they made $2M from initial sales and will take a 2.5% royalty for every other transaction in perpetuity.

“Yuga Labs generated $138 million in revenue in 2021, with a net profit of $127 million — a 92% profit margin.”

I don’t know another company with such crazy margins.

They had 11 employees in Jan 2022.

Probably a lot more now.

Can you imagine what 2022 looks like for them with all the metaverse NFTs and incredible hype already built?

Let’s do some public math (against my better intuition, if I am inaccurate, you have been warned).

Let’s assume their royalties are fixed at 2.5% and the 6 NFTs have a market cap of $8.1B.

That’s $202.5M.

Even scarier, analysts said they are expected to triple the revenue of 2021.

For those who are wondering if NFTs are for real, here is a company who is making potentially billions from it.

Still doubtful?

Do you think the NFT market will grow any bigger?

#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #bitcoin #cryptocurrency #bayc #nft #getrich #airdrop #branding #mastercard #line #revolution #web3

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Can you name all the NFTs that Yuga Labs own?

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