Mutant Ape Yacht Club crosses $1BN in all-time sales volume

• Only four NFT collections have recorded more sales volume than Mutant Ape Yacht Club
• Mutant Ape Yacht Club has the fourth-highest number of buyers and sellers among the top ten NFT collections by sales volume

Mutant Ape Yacht Club is the latest NFT collection to rake up more than $1 billion in sales volume. The collection, born from the Bored Ape Yacht Club last August, joins a list of four others that previously eclipsed the mark.

Online game universe Axie Infinity tops the all-time sales volume list with $4.033 billion, CryptoSlam data shows. Backed by its vast gaming community, the collection has the highest number of owners – 2.72 million.

AxieInfinity’s sale volume is almost double second-place (previously LarvaLab’s) Ethereum-based CryptoPunks which has collected $2.118 billion from its NFTs. Bored Ape Yacht Club and Art Blocks are third and fourth with $1.431 billion and $1.206 billion, respectively.

Larva Labs sells CryptoPunks and Meebits IP to Yuga Labs

The milestones come less than a week after its creator, Yuga Labs, announced it had acquired NFT IP rights to Meebits and CryptoPunks collections from Larva Labs. Bored Ape creator shared the news on Twitter, bringing the rivalry between the two ecosystems to an end.

“Some big news to share today: Yuga has acquired the CryptoPunks and Meebits collections from Larva Labs, and the first thing we’re doing is giving full commercial rights to the NFT holders. Just like we did for BAYC and MAYC owners, “ Yuga Labs wrote.

The Bored Ape creator noted that it will still recognise the BAYC as its main collection, adding that its goal is to advance both projects.

“We’ve long admired CryptoPunks, and the work of the project’s founders, Matt & John […] and we’re honoured to carry the brands they’ve built into the future we’re building at Yuga. To be clear: the BAYC ecosystem will remain the centre of our universe. We believe that what’s good for Punks is good for Apes and […] likewise, what’s good for Apes is good for Punks.”

In a separate tweet, Larva Labs explained that the decision to ‘entrust’ Yuga with its creation was to allow for the development of the projects into something bigger.

“Our specialty has always been the creation of things early in the life of a technology,” Larva Labs wrote. It’s been amazing to watch the world of profile picture projects (PFPs) like CryptoPunks and Meebits expand to become an entire industry. These projects now need a steward with a different skill set in order to continue growing, which is why we’re entrusting them to Yuga. We know their team will honour the history of CryptoPunks and Meebits while guiding them into the larger world they are building.“

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