NFT giant Yuga Labs has once again made headlines with its latest NFT collection. The company is renowned in the NFT community for launching some of the most valuable and sought-after collections. Its newest triumph comes from a collection of 30,000 robotic-like cubes, which were minted as part of the “Dookey Dash” web game.
The collection’s current floor price stands at 2.3 ETH or roughly $4,000, and the total trading volume has surpassed 6,050 ETH or around $10.3 million. Yuga Labs is set to earn over $500,000 from the project, with the creator’s earnings set at 5%.
Yuga Labs is not new to NFT success, having previously created a few other renowned NFT collections, including “Bored Ape Yacht Club” and “Mutant Ape Yacht Club.” These collections have been highly sought-after by NFT collectors and have sold for millions of dollars.
The rapid success of Yuga Labs’ latest collection underlines the ongoing craze and rising demand for NFTs. The high trading volumes and soaring floor prices of NFTs reflect the popularity of blockchain-based collectibles and the digital art market. The success of Yuga Labs’ newest collection shows that NFTs remain a profitable venture for those who create and sell them. As the popularity of NFTs continues to grow, it will be fascinating to see what new collections will emerge and the impact they will have on the NFT ecosystem.