In 2023, the NFT market is expected to continue its growth trajectory, with the launch of more interesting projects and platforms.
In this article, we will explore some of the best NFT projects you should know about in 2023.
What are NFTs?
NFTs are unique digital assets that use blockchain technology to verify authenticity and ownership. They have gained significant popularity in recent years, with several high-profile NFT sales making headlines.
In simple terms, NFTs are digital assets that represent ownership of a specific piece of content, such as art, music or even tweets.
NFT Projects in the Spotlight – 2023
1. Bored Ape Yacht Club
If you know anything about NFTs, you must have heard about Bored Ape Yacht Club: it is one of the most popular NFT collections on the market.
This collection consists of 10 thousand NFTs stored on the Ethereum network. Each NFT represents a profile picture of a cartoon ape and is unique because it is generated from more than 175 possible traits, including expression, headgear, and clothing. In addition, some Bored Apes are rarer than others, based on these attributes.
When you buy a Bored Ape NFT, you’re not just buying a piece of digital art. You also get access to the Bored Ape Nautical Club, which offers many benefits.
2. Doodles
The NFT Doodles collection is a hand-drawn doodle artwork that will go on sale in early 2022. The collection contains 10,000 different NFTs with hundreds of diverse features. Each NFT in the collection is a brightly colored cartoon of a skeleton, animal, alien, humanoid figure, or spaceship.
Collectors who own Doodles NFTs get first access to new products and events. Doodles is also governed in a decentralized manner, meaning that owners vote on major features, products and events.
3. CryptoPunks
CryptoPunks is another of the most popular and valuable NFT collections. It draws inspiration from the punk and cyberpunk scenes, as well as musicians like Daft Punk. Along with BAYC and CryptoKitties, it is one of NFT’s earliest projects.
As many as five NFTs from this collection are on the list of the top 10 best-selling NFTs in history. CryptoPunk #5822 sold for 23.7 million, while Alien CryptoPunk #7523 sold for 11.75 million. In addition, CryptoPunk #4156 sold for $10.26 million, CryptoPunk #5577 sold for $7.7 million, and CryptoPunk #3100 sold for $7.6 million.
4. Azuki NFT Collection
Azuki, the most popular NFT project introduced in 2022 in terms of total trading volume, has reached a new milestone. Azuki is a project consisting of 10,000 avatars that allow you to enter The Garden.
Azuki envisions the idea of blending the physical and digital worlds in this exclusive space for the community. Azuki’s characters and alliances are used for streetwear collaborations, plus NFT drops and live events.
It is one of the most successful NFT projects launched, as many NFTs sold out for a high price. Azuki #9605 sold on the OpenSea marketplace for 420.69 ETH or $1.42 million at the time of sale.
5. Mutant Ape Yacht Club
Mutant Ape Yacht Club is an NFT collection derived from Bored Ape Yacht Club and created by Yuga Labs, which features 20,000 Mutant Apes.
There are only two ways to create a Mutant Ape NFT: expose a Bored Ape to a vial of Mutant Serum or mint it at a public sale. Mutant Apes created from existing Bored Apes have their original traits but mutated.
The main purpose of creating this NFT collection was to reward the holders of the Bored Ape Nautical Club. Since this project comes from a well-known team and already has an established active community, investing in Mutant Ape Yacht Club can be a great idea.
6. Moonbirds
The first Moonbirds collection includes 10,000 pixelated owls with unique features, such as fire hair, eye patches, mohawks, flower headbands, and colorful eyes.
Moonbirds had a fixed mint price of 2.5 ETH, or $7,000. However, the collection sold out in two days, and resales on secondary markets have been on the rise since its launch.
7. Decentraland
Decentraland is a Metaverse-based real estate game where each plot of land is an NFT. You can buy these NFTs to build and proceed with a new economy in that world.
It is a play-to-earn game that offers passive income through rewards and NFTs. It has its own native cryptocurrency, MANA, which is considered a potential investment.
8. Upshot
Initially, Non-Fungible Tokens were all about art. But today, NFTs come with Utilities. Now they are tokens to be part of a community. People are more interested in buying NFTs and being part of a community, thus creating a demand for them.
With many world-class conferences and meetups for the NFT community, the value of NFTs will gradually increase. Governments are now interested in acquiring NFTs and trying to regulate them, so it is time for you to own a Non-Fungible Token.
9. VeeFriends
VeeFriends is an NFT collection of 10,255 hand-drawn animal-inspired images by Garyvee, an entrepreneur eager to create an entrepreneurial community through NFTs.
These NFTs are from the Ethereum blockchain and are available on the Opensea marketplace.
Owners of these NFTs have the opportunity to interact with Garry Vee directly through various modes depending on the type of NFT they obtain.
10. Pudgy Penguins
Pudgy Penguins are also on the list of top NFT collections by volume. There are 22,222 adorable Pudgys in this collection. But they’re not just cute: the Pudgy Penguins are also fierce and fight evil.
Not much is known about this project, but there is speculation of a release in the metaverse.
The most expensive NFT of Pudgy Penguins is 20 million USDC on the OpenSea marketplace.
The minimum price for one Pudgy Penguins is 3.2 ETH, and the total traded volume is 61,367 ETH.
Conclusion
The world of NFT is constantly evolving, with new projects and platforms being created every day. We hope this article has provided you with valuable information about the top NFT projects you should know about.
Whether you are a collector or an investor, these projects offer unique opportunities to own and trade digital assets that are changing the way we think about ownership and value in the digital age.
DISCLAIMER: Please note that investing in NFTs involves a high degree of risk. The value of NFTs can be volatile and can fluctuate greatly in a short period of time.
There is no guarantee that you will make a profit or recoup your initial investment. Additionally, the market for NFTs is largely unregulated, and there is a risk of fraud, hacking, and other security breaches.
You should carefully consider your investment objectives and risk tolerance before investing in NFTs.
We do not provide any investment advice, and any information provided is for educational purposes only.
Any decision to invest in NFTs is solely at your own risk, and you should consult with a financial advisor or another professional before making any investment decisions.
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