Which NFT Projects Have Raised The Most Money?

September 30, 2022

You likely remember the good old days of the bull run where virtually every project minting would mint out successfully. With a 10,000 supply and a mint price of 0.2 ETH or more, founding teams were able to generate multiple 7 figures with ease in such a short space of time. However, those days now feel like a distant memory as we currently endure one of the worst bear markets ever. Volume has dried up, many users have left the space, and projects are failing left right and center. Remember, it’s not always been like this. To remind you that the NFT space can be a flourishing one, let’s recap on some NFT projects that have raised the most money.

#1 Otherdeed

The Otherside, created by Yuga Labs, is a gamified, interoperable metaverse currently under development. The game blends mechanics from massively multiplayer online role playing games (MMORPGs) and web3-enabled virtual worlds. 

Earlier this year, 55,000 Otherdeed NFT tokens were sold at 305 ApeCoin each. NFT Statistics states that a staggering $319 million was raised from mint. With this, its mission is to make Otherside immersive, interactive, and collaborative in a way that’s never been done before. 


#2 Mutant Ape Yacht Club 

Another project created by Yuga Labs, the Mutant Ape Yacht Club (MAYC) is the second expansion of the infamous Bored Ape Yacht Club (BAYC). The collection is made up of 20,000 mutant themed apes and its purpose was to onboard more people into the BAYC ecosystem. Now, it stands alone as a front runner in the profile-picture market. 

#3 Pixelmon

Being one of the slightly more controversial mints, Pixelmon is a Pokemon inspired collection of unique creatures that come in all shapes, sizes and various species. The collection consists of 10,000 NFT tokens which were launched earlier this year. The Dutch auction began at 3 ETH and slowly declined. The mint generated an impressive $76 million, and with this, Pixelmon aims to create an amazing playable experience for everyone, holders and non-holders alike. Unfortunately, this is something that has yet to happen yet. 


#4 Adidas 

Adidas, a familiar Web2 brand, launched Adidas Originals Into the Metaverse a while back. Adidas made partnerships with popular NFT collections such as the BAYC, Punks and G Money to make this possible. Owning an Adidas NFT gives owners access to special physical goods, such as tracksuits worn by the BAYC that Adidas owns, as well as upcoming digital experiences. The collection consists of 30,000 tokens, and they were minted for a cost of 0.2 ETH each. In total, this launch generated $65 million. 


#5 Moonbirds 

Moonbirds is a popular NFT collection launched by the PROOF Collective. Moonbirds consist of 10,000 profile-picture tokens which have the ability to be staked. The mint was broken up into several phases. 7,875 of the total supply was released to the public via a Whitelist, which was priced at 2.5 ETH per token. Then, 2,000 of the supply was held for PROOF Collective members, and the final 125 were reserved by the team. Its launch raised $59 million in total, and since then, Moonbirds has raised another $50 million for its future plans.  


#6 Veefriends 

Veefriends is a project by famous entrepreneur, Gary Vee. Gary created Veefriends to bring to life his ambitions of building a community around his creative and business passions using NFT technology. In series 1, there are a total of 10,255 tokens and the mint raised $54 million in total. 


#7 Metahero Universe

The MetaHero Universe is an expansive NFT ecosystem created and designed by Pixel Vault. Within the ecosystem, there are planetary tokens. In total, there are 203,282 planetary DAO tokens, with a maximum of 110,849 owned by the community. Given the quantity of planet tokens, it’s not surprising the mint generated a ton of capital. According to NFT statistics, Metaheroes Planet raised $47 million from launch. 


#8 World of Women 

World of Women is a community centric brand celebrating art, representation, inclusivity and equal opportunities for all. World of Women was originally created to provide a space for women in a male dominated space. It consists of 10,000 tokens and each token was priced at a mint price 0.07 ETH. Upon minting out, this collection generated a huge $34 million. 

#9 Azuki  

At its core, Azuki is a popular collection of 10,000 anime art style generative avatar NFTs. Azuki was launched back in January via Dutch auction method. The initial price was set to 1 ETH and set to decline by 0.05 ETH every 20 minutes until a price of 0.15 ETH. Azuki never even got close to declining, in fact, it barely reached the first price reduction. The collection sold out within minutes and raised $31 million.


#10 Phantom Network  

Phantom Network, otherwise known as PXN, is both an NFT project and a Web3 tech company, building brand-driven tech products. Its supply consists of 10,000 NFT tokens and its minting mechanic was complicated. Nonetheless, it managed to raise $29 million from mint. 

Honorary mentions 

Clone X generated $100 million from mint, Lost Poets raised $62.6 million from mint and JRNY NFT Club amassed $41.7 million from mint. 

If this all sounds like a lot of money to you, it’s because it is. The NFT space is so new, and life changing opportunities come in abundance. If you’re thinking of launching an NFT project, wait until the next bull run and you might just be able to pull it off! 

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