The global cryptocurrency market is in crisis today. But for experts, this is not a collapse and not the loss of all savings. We are now witnessing a crypto winter – a cyclical and expected phenomenon. The same is happening with the NFT market. Such crises are like a filter – they remove various speculators, swindlers and unnecessary artificially created hysteria from the market. Let’s take a sober look at this situation: the market is also alive, sales are going on, new collections are being released, only in a smaller volume. That is, investments in the NFT are still relevant. And what’s more, you can now profitably invest in non-fungible tokens at the bottom, and, by doing so, you will secure an attractive investment portfolio for yourself. Read about strategies and methods for investing in NFTs in our article.
Who creates trends in the NFT market?
In general, we did not just raise this topic. The wave of hype is followed by market stabilization. Despite the forecasts of skeptics, the NFT market shows upward trends and new peaks. Have you ever wondered who is shaping this market? Who creates viral collections or super popular blockchain games? How did the creators come up with the idea, and how did they implement it? How much is their collection or game worth, and how much is invested in it? We will talk about this using the example of the TOP best NFT companies in this article.
TOP of the best NFT companies and studios
Are you not surprised by stories, for example, how a few previously unknown guys at home create NFT collections or games that millions of people and dozens of investors become interested in? But it is these guys who created the NFT market, and today they create trends, receive multimillion-dollar incomes and investments. Today we have prepared for you an overview of the TOP best NFT companies. Let’s see.
Larva Labs is an American IT studio based in New York. The company was founded in 2005 by Matt Hall and John Watkinson. Until 2017, they were not so famous, and the popularity of Larva Labs came through the creation of one of the most expensive NFT collections in the world, CryptoPunks.
When Cryptopunks first began to be created, each avatar had a price of no more than 34 dollars. And now the total value of sold punks is 1.5 billion dollars. Most Expensive Cryptopunk Sold for $2.7 Million. The collection itself is in the TOP of the most expensive NFT collections in history, and owning a Cryptopunk means having a special social status and unconditional prestige.
Following the success of CryptoPunk, on May 3, 2021, Larva Labs released their next collection Meebits. The auction started with an impressive 2.5 ETH and sold out within 6 hours, amounting to almost $80 million in sales for Larva Labs.
To date, Meebits has surpassed the $500 million mark in all-time sales.
In March 2022, Yuga Labs acquired the intellectual property rights to Cryptopunks and Meebits from Larva Labs. Thus, giving freedom from the obligations of developers to create new successful projects. Read about this and the development of the company in our article Larva Labs the creators of the world famous Cryptopunks and Meebits.
As mentioned above, Yuga Labs has become the new owner of the super-successful collections. But initially the company is known for other projects. In 2020, four buddies created the Bored Ape Yacht Club (BAYC) collection with 10,000 NFTs overnight. Then all the pictures were sold out and four friends became millionaires.
The collection consists of various monkeys with indifferent faces. Each NFT has its own features, which have different variations. There are rarer variations, so tokens with them are more expensive. At the time of writing, Bored Ape Yacht Club has a market capitalization of over $2 billion. And the most expensive sale is a bored monkey for 1080.69 ETH.
After the wild success of Bored Ape Yacht Club, the creators of Yuga Labs decided to create a second collection – Mutant Ape Yacht Club (MAYC). These are mutants that can be made from monkeys using serum. The collection is also at the peak of popularity so far. Both collections are included in the list of the most expensive NFT collections in the world.
And we explain the success of projects by the fact that Yuga Labs sells not just pictures, but lifestyle, status and special privileges in the offline world. More about this read in our article Yuga Labs is the leading record company in the NFT market.
In the spring of 2022, Yuga Labs announced the creation of the Otherside metaverse. The company is developing it together with Animoca Brands. The Otherside metaverse was created in the role-playing game genre, the main characters of which are the characters of the collections MAYC, BAYC, CryptoPunks, Meebits and Cool Cats. In addition, the project has its own APE currency Coin, which is in the TOP of the best NFT cryptocurrencies for investment.
The potential of the metaverse, thanks to the most famous collections and their creators, is simply crazy. We are also closely monitoring the development of the project and will post news on our website.
Animoca Brands is a mobile game developer and publisher specializing in artificial intelligence, blockchain and gamification. One of the giant venture capitalists. The company closely monitors games on the blockchain, Web3, and the metaverse. As such, she has invested in several high-profile metaverse and digital asset projects, including The Sandbox and Sky Mavis.
In the case of Animoca Brands, we believe that the company’s development steps speak louder than the projects themselves. Let’s explain why: the company is not focused on the release of a few super-popular projects. It captures the blockchain market by investing in existing projects, making them popular. Read more about the company’s success in our article Animoca Brands is a global corporation in the world of NFTs and blockchain games.
Dapper Labs is a studio in Vancouver with about 200 employees. She is known as the creator of the world’s first blockchain game CryptoKitties at the end of 2017. Then she made a splash in the crypto market.
After her, the team did not stop and continued to develop different areas of the blockchain and crypto market. We boldly attribute to their merits:
- the most successful sports NFT marketplace NBA Top Shot,
- promising sports marketplaces NFL All Day, UFCStrike, LaLiGa,
- own blockchain and FLOW cryptocurrency, which is in the TOP of the best NFT coins for investment according to NFTMetria,
- Viv3 NFT platform for trading tokens,
- Decentralized crypto wallet Dapper Wallets to store your NFTs,
If we look at the entire history of the development of Dapper Labs, we will understand that each new project of theirs beats the records of the previous one. Read more about successful projects and company development in our article Dapper Labs is creator CryptoKitties, FLOW and NBA Top Shot. With such a rich portfolio, the company is strategically focused on the development of Web3. We are confident that the company will implement all of its plans, especially having impressive stable investments and partnerships with many global corporations.
Sky Mavis is a Vietnamese game studio, the best startup in the history of Vietnam’s IT industry. The company created the Axie Infinity 2018 game, thus opening the world of Play-to-Earn (P2E) games and making Axie Infinity the most popular in the history of blockchain games.
To date, the Sky Mavis ecosystem includes:
- Blockchain game Axie Infinity
- NFT marketplace Axie Infinity
- Crypto Wallet Ronin
- Decentralized Exchange (DEX) Katana
- Cryptocurrency AXS
The main and key project of Sky Mavis is the blockchain game Axie Infinity. And the entire ecosystem of Sky Mavis projects is built around the super-popular game.
The presented TOP of the best NFT companies are similar in one thing – they all reached crazy heights in the NFT market in just a couple of years. But they came to this in completely different ways. Now these companies are role models, they are looked up to, they are talked about, they are followed. It is these corporations that will set trends in the near future and further shape the NFT market.
You can be just an observer, an active user of their products, or a rational investor. In any case, these names will be in the top news in the NFT world.