Yuga Labs Accounts for 35% of NFT Market

According to a DappRadar report, the creators of Bored Ape Yacht Club, Yuga Labs, were responsible for almost 35% of all NFT sales between October 2022 to March 2023. This further solidifies its dominance in web3 and the market. Significantly, Yuga Labs are the creators of Bored Ape Yacht Club, Mutant Ape Yacht Club, the Otherside Metaverse, TwelveFold, and others. They also now own the CryptoPunks and Meebits NFT projects after acquiring them from Larva Labs in 2022.

Overall, the NFT projects created or owned by Yuga Labs generated over $2 billion in trading volume from October 2022 to March 2023. The Bored Ape Yacht Club is currently the top NFT project with a floor price of 51.45ETH. In second place is Yuga-owned CryptoPunks, which has a floor price of 49.49ETH at the time of writing.

DappRadar praised Yuga Labs in the report for its continued dedication to its community and holders. They also manage to consistently provide value and fulfill promises made. Additionally, Yuga Labs allows holders the opportunity to creatively use their intellectual property rights. They can use their NFT IP for businesses, marketing, merchandise, developing new projects, and even use the NFT as collateral.