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Less than 20 days ago, German sneaker and sportswear multinational Adidas launched the company’s Adidas Originals Non-Fungible Token (NFT) collection and since then the NFT compilation has climbed into the top 50 of the NFT collections in terms of sales.
Adidas NFT collection sees significant demand in less than 20 days
In late November 2021, Adidas revealed they were “excited” about the metaverse and said the company had partnered with Coinbase and acquired land in The Sandbox. The following week, Adidas told reporters that it had partnered with the NFT Bored Ape Yacht Club (BAYC) project and the Punks Comic series. In mid-December, the company released the Adidas Originals NFT compilation featuring Punks Comic, Gmoney, and BAYC.
Since then, the NFT collection has performed well in terms of sales, rising to the top 50 of the NFT collections. At the time of writing, the Adidas Originals NFT collection is the 49th largest NFT project in terms of sales. Between 13,801 buyers and 10,732 sellers, the NFT collection designed by Adidas recorded 18,092 transactions. Adidas Originals has recorded 14,781 ethers or $ 57.6 million in sales since the day of its launch.
Adidas Originals NFT Floor Approaching 1 Ether, Collection Sales Still Low Compared to Independent NFT Compilations
Data from Dune Analytics is a little different with the Adidas Originals NFT having 18,770 sales and a total of 15,479 ethers, or nearly $ 60 million. The current floor price for a single Adidas Originals NFT is 0.704 ether or $ 2,729. However, the average sale today is 0.747 ETH or $ 2,896 and the highest sale on January 4, 2022 is 0.780 ether or $ 3,024. The metrics indicate that there are 17,976 unique ethereums (ETH) addresses with an Adidas Originals “Into the Metaverse” (ITM) NFT.
While Adidas is one of the first well-known brands and corporate entities to enter the top 50 for NFT collections in terms of sales, a large number of independent NFT projects have seen much greater demand. Axie Infinity NFTs recorded $ 3.8 billion in sales, Cryptopunks raised $ 1.8 billion, Artblocks acquired $ 1.1 billion and BAYC just passed the $ 1 billion mark with 296,616 ethers or $ 1,022,099,909 in all-time sales. Adidas Originals ITM sales represent only 5.63% of the total sales recorded by BAYC.
What do you think of the sales of Adidas Originals ITM NFT which are among the 50 best NFT collections? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Adidas,
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