How to opt for the most trendy NFT collectibles
Which NFT collections are worth a closer look?
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In the modern world, the concept of blockchain technology has gained immense traction in the consumer sector. It has led to the emergence of different ideas like Defi, Dapps, and NFTs. Non-fungible tokens (NFTs) have topped the charts of popularity lately. These digital collectibles are sort of artworks that are linked to the blockchain. They are rare and valuable. Also, they solve the issue of originality and copyrights infringement, guaranteeing security to one true owner.
Lately, NFTs are becoming more and more mainstream for investments. Over the last years, these NFTs have shocked the entire financial sector with their skyrocketing prices. Several NFTs went out for millions of dollars. In 2021 alone, NFT sales saw a rise of over $24 billion years on year. In addition to this, the most hyped NFT marketplace, OpenSea had a valuation of $13 billion at the start of 2022.
Several celebrities, influencers, and sportsmen also hopped on the NFT bandwagon to fuel the growth of NFTs. There were a number of projects that gained the spotlight in the NFT community. In this article, we have listed a few popular and profitable NFT collectibles in the present times.
Bored Ape Yacht Club is amongst the top performing NFT collections in the world. There are 10,000 of these Bored Apes that are built on the Ethereum Blockchain. The holders of these NFTs get several other members-only benefits as well. Moreover, the newly launched ApeCoin has also awarded the BAYC holders by airdropping them the tokens. The ApeCoin token holders are bestowed with the DAO voting rights on the governance issues of the project. They have a say in the development and future plans of the ApeCoin project. Also, by receiving free tokens, Bored Apes NFT holders are already enjoying hefty profits from time to time.
Bored Apes have performed exceptionally well in the NFT market lately. The all-time sales volume of Bored Apes is over $2.58 billion. Over the last week, there were a total of 583 BAYC sales, accumulating over $65 million. The highest sale was for Bored Ape #4435 which went for 188 ETH, or $530,000. The average selling price for these NFTs was around $78K.
Bored Apes have over a thousand active market wallets as well. These statistics are higher than the ones of the previous week. The launch of ApeCoin is a major propellant for the demand for Bored Apes in the market.
Bored Ape Yacht Club also launched Mutant Ape Yacht Club (MAYC). The project was hyped and anticipated by the consumers, making it a big hit in the market. The theme behind MAYC was that a Bored Ape was exposed to a mutant serum. The collection of 20,000 Mutant Apes was launched in the market. Mutant serums were airdropped to BAYC holders. So they could expose their apes to any of the three levels of the mutant serum.
The all-time sales of Mutant Ape Yacht Club are over $1.05 billion. Over the last 7 days, MAYC has accumulated more than $70 million in sales. The figures for sales and buyers had increased massively this week which indicates the popularity of the MAYC collection among consumers.
CryptoPunks are the oldest and one of the most popular NFT collections in the world. They have a huge recognition among NFT enthusiasts. Many CryptoPunks have been sold out for record prices, as one of them went for $7.6 million. These Punks include artwork of apes, zombies, aliens, and other characters. Many celebrities and influencers also own CryptoPunks, making them more popular. These celebrities include Snoop Dogg and Jay-Z.
CryptoPunks are built on the Ethereum blockchain with the ERC-721 standard. Even though they are the oldest from the lot, the hype around CryptoPunks is not dying anytime soon. There have been 139 sales of CryptoPunks through the last week, accounting for more than $4 million. The highest sale was for 104 ETH or approximately $306,000.
The figures were, even more, better for the second week of March when the number of sales went up to a total of 57. The all-time sales volume for CryptoPunks is over $2.10 billion. CryptoPunks were recently purchased by Yuga Labs. Also, Yuga Labs owns BAYC, therefore, this deal carries immense significance for both NFT projects.
Axie Infinity is a play-to-earn NFT game that has gained a lot of recognition among consumers. The game has been around for a while and therefore, it has experienced the hype around NFTs and play-to-earn games. The game is built on the Ethereum blockchain, and cute monsters (Axies) battle against each other in it. Players play live against each other or against computer-controlled Axies.
Every game item and collectible is represented as an NFT in Axie Infinity. These collectibles can be traded for real money which makes them incredibly popular among consumers. The Axie Infinity collection tops the list in NFT collectibles by accumulating more than $4 billion in all-time sales. The stat is miles ahead of any of Axie’s competitors.
In the last 7 days, Axie Infinity has made $4.3 million in sales. However, these figures have dropped in comparison with the last week. The 30-day chart of Axie shows that the collectible is recovering from a major fallout. Axie Infinity might regain its top position in the coming days.
Azuki is a popular anime-styled NFT collection. Since its inception in January 2022. The NFT collection has proven its worth to the market. The hype around the collection is increasing with every passing day. Initially, 10,000 NFT tokens were launched and sold at $3,400 per piece in only 3 minutes. More funds were accumulated in private offerings. After that, Azuki skyrocketed by having $300 million in transaction volume. It also climbed the charts of top collectibles in the market at a rapid pace.
Azuki surpassed the likes of BAYC and CryptoPunks with its sudden hype. Initial token offering and royalty earnings have also made Azuki more popular. Nonetheless, now Azuki collectibles are going out for large sums of money. Azuki has made sales of more than $401 million since its inception. In the last seven days, its market demand has gone up and the sales volume touched $16.80 million. The stats climbed by over 160% in comparison with the last week.
CloneX is a unique NFT collection comprising NFT avatars that are created by a sneaker manufacturer and Japanese artist. It is one of the most different and anticipated NFT collections in recent times. A public sale for these 20,000 CloneX avatar NFTs was held in November 2021. The sale was live on video games, social media, movies, and on other features within the metaverse.
These diversified CloneX avatars have varying clothing, accessories, and haircuts. They are from different skin tones and genders. It also has a range of rare collectibles. This uniqueness helped the collection to become much more famous among consumers.
CloneX has made sales of over $485 million after going live. It has surpassed many of its competitors in a short period of time. In the last week, CloneX has made sales of over $16.2 million showing the popularity of the NFT collection among the masses. These figures are expected to further grow in the coming days.
Another popular NFT collection goes by the name of Doodles. These colorful and attractive art pieces come in funky characters. These characters role play to transform into tasty edible treats. They have different colors and features. There are 10,000 Doodles in the collection, and they have incredible demand in the market. Doodle holders are also rewarded through the Doodles Community Treasury.
There have been a total of 265 sales for Doodles over the last week. These sales have accounted for over $2 million, and the average selling price lingered around $40K. Doodle #2379 went for the highest price this week. It was sold for 75 ETH or $195,000. The all-time sale volume of Doodles is currently at $290 million. Doodles are experiencing fluctuation in its demand chart. However, its sales statistics have managed to increase since the start of this month.
Meebits are built on the Ethereum Blockchain through a custom generative algorithm. These 20,000 unique 3D voxel characters were made by Larva Labs. However, Yuga Labs purchased the IP rights in a huge NFT deal. After this deal, Larva Lab NFT holders were granted a free Meebit. Others were put up for sale, and they made sales of $80 million.
In all-time sales, Meebits have made sales of almost $438 million. They are among the most popular and hyped NFT collections lately. In the last 7 days, Meebits sales have dropped. However, the project was still able to make more than $9.5 million.
Cool Cats are another type of funky NFTs that are built on the Ethereum blockchain. These NFTs are randomly generated. There are a total of 300K programmable options for these NFTs. However, the collection only consists of 10,000 randomly assembled Cool Cats. All of these Cool Cats vary in color, facial features, and outfits. Nonetheless, Cool Cats with complete outfits are considered to be the coolest of the lot.
In the last week, there were 114 sales for Cool Cats. The average selling price was raised to $23K. Thus, a total of $485K was raised in sales over the last 7 days. The highest valued NFT from this collection this week was Cool Cat #8886. It was sold for 24 ETH or $64K. The weekly statistics have remained somewhat similar throughout the month of March. The all-time sales volume of Cool Cats is around $268 million.
Conclusion
There are numerous NFT projects in the industry right now. However, consumers should be vigilant and conduct their own before making an investment call incredible projects. Users should look for the authenticity of the project, its fundamentals, roadmap, and also its social media presence. The website of the NFT collection gives a clear evaluation of the overall project.
Nonetheless, these were a few top-performing NFT collectibles nowadays. Their increasing demand and high selling price show that there is a high potential for them in the future. Investors, traders, and NFT enthusiasts have shown increasing interest in these credible projects. Therefore, their reputation might also propel their growth in the future.
Every individual should conduct their own research while surfing through the most in-demand NFT projects. This will help them in having a more sustainable shot at the NFT market. Also, the statistics keep on fluctuating which is why it is essential to have a lookout on the weekly charts and graphs before making an investing call.
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