The whole fuss around Nonfungible tokens (NFTs) is not a façade. If you are still puzzled by its popularity, then the world has left you behind and you can only play ‘catch-up’ at this point.
Since the advent of these digital tokens, a great number of initiatives have been established that have increased the use cases. However, the majority of these efforts have been unsuccessful, despite the fact that a few of them have achieved phenomenal success. As a result, most of the time, the investors and collectors are left with a JPEG that is useless.
But with so many NFT projects to choose from, how does one go about selecting the one that is most likely to be successful? How is it possible to know which will be successful and which will?
Studying something thoroughly before putting money into it is a no-brainer if you plan to put your money into anything at all. If you are willing to put in some additional effort, your odds of finding good projects will significantly increase.
Thus, there have been NFT projects that have performed tremendously and are the high-ranking crème of the crop. Here are the most popular NFTs in the NFT market:
1. CRYPTO PUNKS
Floor Price: 64.95 ETH
The development studio, Larva Labs is responsible for the birth of CryptoPunks, which are a collection of 10,000 pixelated images that have been tokenized as NFTs on the Ethereum blockchain.
Since each CryptoPunk is generated at random from a list containing dozens of traits, there is a wide variety of designs available, including humans, zombies, apes, and even otherworldly beings. Avatars based on aliens and zombies are among the most popular characters, and as a result, their sale prices have been among the highest ever recorded.
It is widely believed that CryptoPunk is the most expensive NFT project in history. As of the 10th of June, 2022, the project has a total of 3,500 holders, contributing to the aggregate trading volume of 913,300 ETH.
2. BORED APE YACHT CLUB (BAYC)
Floor Price: 72.2 ETH
The Bored Ape Yacht Club is comparable to CryptoPunks in a way because they are frequently used as online profile pictures by NFT enthusiasts. The program comprises cartoon apes with a variety of characteristics and a limited number of each character, contributing to their rarity.
In spite of the fact that it is a relatively new project, BAYC is regarded as top competition with a large number of well-known NFTs projects that have been around way longer than BAYC.
Since its launch, Bored Ape Kennel Club (BAKC) and Mutant Ape Yacht Club (MAYC) NFTs have been distributed free of charge to holders of tokens by BAYC. These NFTs now have floor prices of 4.9 ETH and 16 ETH, respectively. Additionally, the Bored Ape Yacht Club routinely hosts private parties just for token holders.
3. AXIE INFINITY
Floor Price: 0.003 ETH
Sky Mavis, a Vietnamese video game development studio, is responsible for creating the NFT-based online video game known as Axie Infinity. The game is famous for having an economy within the game that is built on a coin (AXS) that is based on Ethereum. It is modeled after one of Nintendo’s most popular series, Pokémon.
Axies are a type of fictional creature that can be encountered when playing the Axie Infinity Game. The purchase of at least three Axies is required in order to fulfill the entry requirements for the game.
The price of these Axies varies from game to game and tends to go up when the platform as a whole gains more users. Although the worth of each Axie varies according to the specific characteristics and features it possesses, you can still obtain a solid one for close to $200 right now.
4. MEEBITS
Floor Price: 3.5 ETH
Larva Labs, the same firm that developed CryptoPunks, is behind the development of Meebits. Meebits was available for approximately 2.4 ETH each at the time of its launch. Today, the price of a Meebit can range anywhere from 3 ETH to hundreds of ETH, all dependent on how rare it is. Meebits are three-dimensional characters that may be deployed in blockchain applications used in open world realities. They were designed with the intention of being utilized in the metaverse.
Due to the fact that Meebits conforms to the ERC-721 token standard and is hosted on the Ethereum blockchain, it is possible to trade Meebits on any cryptocurrency trading platform available. The NFTs that were created for this project have the potential to be used in a variety of contexts, including video games, virtual reality, and the metaverse.
5. MUTANT APE YACHT CLUB (BAYC)
Floor Price: 11.11 ETH
The Bored Ape Yacht Club, which was released by Yuga Labs, was such a success that the company decided to release a sequel called “The Mutant Ape Yacht Club”. Mutant apes provide a more cost-effective means of gaining access to the same network as the Bored Apes, which are now being hoarded by famous people and venture capitalists.
Altogether, there are 20,000 mutants, including a few “Mega Mutants” that may be purchased for as much as 3,000 ETH. By way of an airdrop, the Mutant Apes were airdropped to those who were already members of the Bored Ape Yacht Club.
In addition, all 30,000 apes, both Bored and Mutant, were given early access to the NFT project that Adidas is working on called “Into the Metaverse,” which now sells for more than five times the retail price.
6. AZUKI
Floor Price: 7.2 ETH
The name and style of the characters of the Azuki project were heavily influenced by Japanese Anime culture. Chiru Labs, the creators of Azuki, is a crypto company founded by a group of four anonymous young persons, all of whom are under the age of 18.
It took just three minutes for the Azuki project to sell out 8,700 characters, earning almost $29 million in the process, despite the fact that it only started this year.
This NFT project eventually sold out collectibles for over $300 million USD 30 days after its first release, placing it at the top of the digital collectibles trade leaderboard in January 2022, according to OpenSea data.
7. PROOF OF BEAUTY STUDIOS
Floor Price: 0.02 ETH
The Proof of Beauty project is a revolutionary NFT project whose primary objective is to record and celebrate the development of the Ethereum blockchain. The first NFT series produced by Proof of Beauty is called HASH, and it gives users the ability to transform personal and historical blockchain transactions into aesthetically pleasing NFT artworks.
Proof of Beauty’s algorithm incorporates the transaction metadata into color palettes, shapes, and textures, and it does so for every transaction, from Vitalik’s initial Ethereum transaction to Jay Z’s purchase of Cryptopunk.
The second series by Proof of Beauty, titled LONDON, is a collection of 8,888 pieces of generative art that is already sold out. During the hard fork, the London gift NFTs were made available, and the first transaction that took place after the EIP-1559 update was a sale of a London NFT.
FINAL WORDS
There is no doubt that there is a lot of buzz around NFTs at the moment; nonetheless, it is likely that important projects will be around in the long run. Still, you need to have at least some initial amount of cryptocurrency to purchase them.
In this case, the crypto work platform LaborX with blockchain jobs can help you. A large selection of vacancies for different specialists will help you legally earn your first cryptocurrency. And if you intend to put money into NFTs, you should first conduct your own analysis and then put in no more than you can comfortably afford to lose.
