Adidas Originals NFT Compilation enters prime 50 collections by quantity, practically $ 60 million in gross sales in 18 days

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Less than 20 days ago, German multinational sneaker and sportswear group Adidas launched the company’s Adidas Originals Non-fungible Token (NFT) collection and since then the NFT compilation has been in the top 50 in terms of sales of the NFT collections.

Adidas NFT Collection sees significant demand in less than 20 days

In late November 2021, Adidas announced it was “excited” about the Metaverse, saying the company had partnered with Coinbase and acquired land in The Sandbox. The following week, Adidas announced to the press that it was partnering with the NFT project Bored Ape Yacht Club (BAYC) and the comic series Punks Comic. In mid-December, the company launched the Adidas Originals NFT compilation with Punks Comic, Gmoney and BAYC.

Adidas Originals NFT Compilation enters top 50 collections by volume, nearly $ 60 million in sales in 18 days

Since then, the NFT collection has done well in terms of sales, making its way into the top 50 NFT collections. At the time of writing, the Adidas Originals NFT collection is the 49th largest NFT project in terms of sales. The NFT collection manufactured by Adidas recorded 18,092 transactions between 13,801 buyers and 10,732 sellers. Adidas Originals has made 14,781 ethers, or $ 57.6 million in sales, since the day it was launched.

Adidas Originals NFT Floor is approaching 1 ether, collection sales are still small potatoes compared to independent NFT compilations

The data from Dune Analytics is slightly different, with Adidas Originals NFTs seeing 18,770 sales and a total volume of 15,479 ethers, or nearly $ 60 million. The current minimum 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 peak sale on Jan 4, 2022 is 0.780 Ether or $ 3,024. Metrics show that there are 17,976 unique Ethereum (ETH) addresses holding an Adidas Originals “Into the Metaverse” (ITM) NFT.

While Adidas is climbing into the top 50 NFT collections in terms of sales as one of the first well-known brands and companies, a large number of independent NFT projects are seeing much greater demand. Axie Infinity NFTs have $ 3.8 billion in sales, Cryptopunks $ 1.8 billion, Artblocks $ 1.1 billion and BAYC has just hit the billion dollar mark with 296,616 ethers or 1,022,099,909 US dollars. Dollar sales exceeded all time. Adidas Originals ITM sales represent only 5.63% of the total sales that BAYC recorded.

Tags in this story

Adidas Originals, Adidas Sneakers, Adidas Sportswear, Artblocks, axie infinity, BAYC, Blockchain, Bored Ape Yacht Club, Collections, cryptopunks, Gmoney, Metaverse, nft, NFT collectibles, NFT Collections, NFT Markets, NFT Sales, NFT Universe, NFTs, Non-fungible tokens, Punks Comic, The Sandbox, Virtual Worlds

What do you think of the Adidas Originals ITM NFT sales that made it into the top 50 NFT collections? Let us know what you think on this matter in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

Photo credit: Shutterstock, Pixabay, Wiki Commons, Adidas,

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

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