DappRadar

From what started two years ago with boring ape JPEGs, Yuga Labs became an industry behemoth with 16 NFT collections in its portfolio. These collections are now responsible for 34.6% of all the trading volume in the NFT industry. This is a report about Yuga Labs, Bored Ape Yacht Club and the establishment of a true Web3 brand. As we approach the second anniversary of the Bored Ape Yacht Club (BAYC) on April 30, it is an opportune moment to reflect on the incredible journey of Yuga Labs and its impact on the NFT and dapp world. In an industry characterized by rapid change and occasional uncertainty, projects that consistently deliver value to their communities are the ones that stand the test of time, weathering the ups and downs of the market cycle. While some projects have “rug-pulled” their communities, abandoning development or reneging on promises made to holders or simply failing to live up to high expectations, Yuga Labs has emerged as a leading example of commitment to providing value and nurturing its NFT holder community.In this report, we will delve into the Yuga Labs ecosystem, analyzing its remarkable growth, achievements, and the factors that contribute to its ongoing success. By examining its performance across multiple domains, we will showcase the importance of a strong foundation. Moreover, we will dive into Yuga’s unwavering dedication to community engagement in creating a lasting and influential presence in the world of NFTs and dapps. Key Takeaways<ul><li>Yuga Labs 16 NFT collections represent 34.6% of the entire NFT industry, having a total trading volume in the past 2 quarters of $2 billion.</li><li>The Bored Ape Yacht Club collection has the highest floor price of 51.45 ETH in the NFT industry, followed closely by CryptoPunks at 49.49 ETH.</li><li>Otherdeed for Otherside is the top-performing metaverse NFT collection, boasting $322 million in trading volume over the past two quarters, an average sale price of $3,112, and 5.52 trades per NFT.</li><li>Yuga Labs’ acquisition of WENEW and 10KTF resulted in the latter accounting for 74% of Q1 2023’s total NFT fashion trading volume.</li><li>APE’s impressive $1.48 billion market cap makes it the leading gaming token, showcasing its remarkable growth when compared to established Web2 gaming companies like Ubisoft ($3.46 billion MC) and Square Enix ($6 billion MC).</li></ul>Continue reading our report &#x1f449; <a href="https://dappradar.com/blog/yuga-labs-from-nothing-to-the-disney-of-web3-in-2-years?utm_source&#61;cmc&amp;utm_medium&#61;community&amp;utm_campaign&#61;report" rel="noopener noreferrer nofollow">HERE</a> &#x1f448;

Yuga Labs: From Nothing to The Disney of Web3 in 2 Years

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