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NFT Series Tax Revenues Revealed

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On February 25, according to Definitive data, the tax revenue of Bored Ape Yacht Club series NFT version reached US $487771 in the past 7 days; The tax revenue…

NFT Series Tax Revenues Revealed

On February 25, according to Definitive data, the tax revenue of Bored Ape Yacht Club series NFT version reached US $487771 in the past 7 days; The tax revenue of Otherside for Otherside series NFT version reached 436842 US dollars; The tax revenue of Ghost Boy series NFT version reached US $366857; The tax revenue of Mutant Ape Yacht Club series NFT version reached USD 350127; The tax revenue of SewerPass series NFT version reached USD 309408.

The tax revenue of BAYC series NFT in the last 7 days reached 487000 US dollars

Interpret the above information:


Non-Fungible Tokens (NFTs) have been the buzzword in the world of cryptocurrencies for a few years now. These digital assets gained immense popularity in 2021, with several high-profile NFT sales making headlines. NFTs are unique digital assets that are verified and stored on a blockchain network, making them valuable due to their rarity and authenticity.

According to Definitive data, the tax revenue generated by several series of NFT versions in the past seven days has been revealed. The tax revenue of the Bored Ape Yacht Club series NFT version reached an impressive $487771, making it the highest-grossing NFT series on the list. The Bored Ape Yacht Club is a collection of 10,000 unique digital ape NFTs that have gained immense popularity among collectors and investors.

The Otherside NFT series version generated $436842 in tax revenue and was the second-highest-grossing NFT series on the list. The Otherside is a collection of 10,000 unique digital beings that exist in both the physical and digital realms.

The Ghost Boy series NFT version generated $366857 in tax revenue, making it the third-highest-grossing NFT series on the list. The Ghost Boy is a collection of 10,000 unique digital ghost NFTs, each with its own backstory and traits.

The Mutant Ape Yacht Club series NFT version generated $350127 in tax revenue, becoming the fourth-highest-grossing NFT series on the list. The Mutant Ape Yacht Club is a collection of 20,000 unique digital ape NFTs, characterized by their devil-may-care attitudes.

Finally, the SewerPass NFT series version generated $309408 in tax revenue, making it the fifth-highest-grossing NFT series on the list. The SewerPass is a collection of 10,000 unique digital rats that live in the sewers and have their own distinctive personalities.

In conclusion, the tax revenue generated by the top NFT series underlines the growing popularity of digital art and collectibles. These NFTs have emerged as a new asset class, with their values being determined by factors such as rarity, popularity, and authenticity. More NFT series are expected to be launched in the future, and it will be interesting to see whether they can match the tax revenue generated by the top NFT series.

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