If you’re into NFTs then you already know that Yuga Labs is one of the biggest companies in the space, acting as the parent company for such projects as the Bored Ape Club and the Mutant Ape Yacht Club. Well, as per the recent industry reports for 2022, it seems that Yuga Labs had a very successful year in terms of royalties.
MilkyRoadDaily, a popular crypto newsletter, has published the top earners by royalties in the NFT space for 2022, and Yuga Labs has come out on top with a combined $107.8 million collected across its portfolio of properties.
NFT project royalties last year pic.twitter.com/WrKUcLy8Ri
— Milk Road (@MilkRoadDaily) January 2, 2023
A Year in Royalties
A big part of the reason for Yuga Lab’s commanding such high royalties figures is the fact that it has so many successful projects under its belt. For example, the Mutant Ape Yacht Club brought in $25.6 million in royalties for the year and the Bored Ape Club brought in $32.3 million.
However, the biggest earner under the Yuga Labs umbrella by far was Otherdeeds, the land NFTs for the Otherside Metaverse, which brought in $49.9 million. As many will remember, the Otherdeeds sale was a massive success, with some people paying thousands in minting fees alone as the assets quickly sold out. As such, these figures come as no surprise.
Besides these Yuga Labs-fronted collections, other top collections on the list included Azuki with $41.5 million and CloneX with $27.2 million.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.