Nike's NFT earnings have surpassed $185 million, while Adidas has accumulated $10.9 million in comparison.

Big brands, such as Coca-Cola , Starbucks , Louis Vuitton , Adidas , Nike , and Samsung These major brands have increasingly turned to NFTs not just to boost their profits but also to expand the range of services and products they offer to customers. Nike stands out as a leading contributor to the NFT landscape.

As per insights from Noah Lavine on Dune Analytics, Nike's NFT sales have generated more than $185 million, while Adidas, a key rival, has reported $10.9 million from 67,251 transactions. Other notable brands that follow include Dolce & Gabbana, Tiffany, and Gucci, with respective revenues of $25.6 million, $12.6 million, and $11.5 million from NFTs.

After Adidas, which ranks fifth in NFT revenue, other successful brands include Budweiser, Time Magazine, Bud Light, the Australian Open, and Lacoste. Many top global names are launching their projects on the Ethereum blockchain.

A detailed dashboard has been created to showcase the NFT landscape for major brands. It's fascinating to observe just how financially rewarding NFTs have proven for some of the industry's giants. #dune #web3 #NFT https://t.co/dBRAaNjA9e

— Noah Levine (@nlevine19) August 22, 2022

In December 2021, Nike made a strategic acquisition of a Web3 firm known as RTFKT, which is recognized for crafting NFTs and digital fashion. RTFKT gained fame for its innovative virtual sneaker designs and remarkable collaborations. Since being acquired, Nike has launched a series of highly successful NFT collections that have pulled in millions in sales. Collections like CryptoKick, Mint Vial, and Skin Vail have collectively brought in over a million dollars just in royalties. RTFKT According to data on Dune Analytics, Nike recorded the highest transactions and revenue in April, while experiencing lows in June and July this year. However, August shows a continuing downturn. The prices of Nike's NFTs have seen a decline since their peak in February.

According to the uk Nike's top-performing NFT collection has been Angel, which alone boosted the company's revenues by nearly $39 million, followed by MNLTH virtual sneakers and Mint Vial avatars, which raised $24.2 million and $15 million respectively.

Stay updated on cryptocurrency distributions with our resources. uz Nike and RTFKT are set to unveil new virtual sneaker designs.

RTFKT is hinting at a fresh apparel line and real-world events on the horizon. uz .

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• Top Web3 enterprises are collaborating to establish a decentralized autonomous organization (DAO) for the Metaverse.
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