Some investments in non-fungible tokens (NFTs) have vastly outperformed cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) in recent months. Celebrities such as Mike Tyson, Jay-Z, and Gary Vee have purchased NFTs and displayed them on their Twitter profiles, increasing demand for limited-edition tokenized art.
What are NFTs?
Non-fungible assets are assets that are not interchangeable with each other. Some non-expendable assets are parcels of land, art, and business cards. By tokenizing non-fungible assets on the blockchain, users can verify the authenticity of the unique digital assets they are purchasing.
The best NFT projects to invest in 2022
CryptoPunks – Larva Labs
CryptoPunks, the NFT series launched in 2017 by Larva Labs, has come a long way since its inception and is possibly the most famous NFT project you can invest in in 2022. It comes with a vast collection of 10,000 computer-generated punk characters. But each punk has its own characteristics and personality. The distinction of each character allows quantifying the value of the collectibles. CryptoPunks launch was a huge success. The cheapest NFT in the stable was $4.55 in 2020, while Punk’s current lowest price is 83.98 ETH, or $234,740.89.
The most recent Alien Punk was sold for USD 8.06 million.
Bored Ape Yacht Club (BAYC):
BAYC reached a major milestone with the floor price of 100 ETH, which got the masses in the fraternity excited. The purchase of monkeys from BAYC at extremely high prices is not a new event in the sector. In the sequel, Justin Beiber bought an NFT for $1.29M, paying way more than the floor price. The NFT purchased by the music star is encoded #3001. Another NFT from the stable, numbered #232 was sold for $2.85M.
The brand’s NFTs sold at hard-to-believe prices have now become a routine affair. Alexandre Arnault bought a punk-coded “3167” for 160 ETH ($416,400). Also, an infamous collector, “9x9x9”, has already purchased 21 NFT Crypto Punks for around $4.4 million.
Mutant Ape Yacht Club (MAYC):
MAYC hosts a unique set of collectibles, created as a side project by the creators of BAYC. The set was released in August 2021, with 10,000 NFTs instantly selling for $96 million. The creators have designed the system in such a way that it benefits both NFT BAYC holders and MAYC awareness. MAYC NFTs can be created by mining ore in public sale.
The floor price of NFTs is up 11.1% at 24.85 ETH ($68,211.20), which is lower than its sister series at 100 ETH. On the other hand, Mutant Ape Yacht Club market cap is also up by 11.1% to 445,262.3 ETH ($1,222,208,341.26).
Pluto Alliance hosts 10,000 alien NFTs who are on a mission to help determine if Pluto is a planet. The 10,000 collectibles are being sold at a floor price of 0.08 ETH, the sale of which has currently ended. The collector’s items and the concept of NFTs have won over many players in the sector.
Gutter Cat Gang:
According to the creators, the Gutter is an underground Web 3.0 social club, where NFTs serve as a membership token for the Gutter Cat Gang. While Rats, Pigeons, and Gutter Dogs represent base members, Cats represent the first level of membership. The project is ready to take on the metaverse with its range of NFTs.
Doodles is a collection of 10,000 NFTs, hand-drawn collectibles including skellys, cats, aliens, monkeys and mascots. The collection also includes rare heads, costumes and more. The makers are launching a new experience in February 2022, with which users will venture into the cosmos for varied and exciting events.
In summary, the year should be marked by the diversity of offers in the industry. Traders and collectors have caught on to NFTs because they offer the opportunity to get rich while creating a community of like-minded individuals. The NFTs mentioned above are the ones that people appreciate the most and should not be missed in the future.
CryptoDragons is a Metaverse NFT Dragon that could change the blockchain industry. It appears with the firstborn dragons. Project developers provide a rare opportunity to witness the first breakout of the CryptoDragons Metaverse.
There is a limited collection of 10K NFT Eggs, consisting of Common, Epic, and Legendary Dragon Eggs. Also, NFT Dragons will hatch from these NFT Eggs. In addition, the egg illustrations are generated by AI.
It is a collection of 10,000 zombies NFTs minted on the Ethereum blockchain. Each DeadFella is created by combining over 400 distinct features, including over 50 costumes. With so many distinct features each Deadfella is unique.
The NFT team has announced their 2.0 roadmap, including numerous exciting project updates. Brand collaborations, NFT listed on OpenSea and Nifty Gateway, and limited mugs and shirts. The project acquired 24 lots of DeadFellaz Decentraland Estate. Exclusive NFT’s are available for purchase on OpenSea.