What Are the Top 10 NFT Projects?
The concept of NFTs start in 2015 and the first project was launched in 2017. In mid-2021, the total trade volume has reached $500m, compared to $12m at the end of 2020. From now to the future, the application of NFT could be decentralized finance (DeFi), games, rare collectibles, real estate as collateral for loans, insurance, stock options, or bonds. Nowadays, the crypto community looks so enthusiastic and interested in Non-Fungible Token collections topics. It seems NFTs are gradually becoming the mainstream of investment. People may gain profit by investing in NFT projects. In this article, we will enumerate the top NFT projects, which can help you with the investment of NFT projects.
1. CryptoPunks: Rank First in NFT Sales
CryptoPunks was one of the first NFT projects launched in June 2017 on the Ethereum blockchain by American studio Larva Labs. There are only 10000 unique “punks”( character cartoon avatar ), 6,039 males ,and 3,840 females. They are generated by computer code and with unique features. Each punk is owned by one person, and record on the Ethereum blockchain.
They are free at first and could be claimed by anyone with an Ethereum wallet. However, they were quickly claimed and trade on marketplaces. Nowadays, the number of accessories worn by punk determines the value of punk.
With the rare and unique feature, the price of CryptoPunks is increasing. The CryptoPunk 7804 marks the highest crypto collectible sale to date with a price of 4,200 ETH.
2.NBA Top Shot: Sport Theme NFT
NBA Top Shot is launched by National Basketball Association, it is an online blockchain marketplace for users to bid on, purchase, and sell digital highlights of NBA players. It is built on top of the Flow blockchain, cooperate with Dapper Labs.
The NFT collections in NBA Top Shot contain video clips of memorable game moments that come with detailed information, including the game the moment came from, the rarity, stats of the player, and sales history. Limited packs of NFTs are issued weekly, with prices depending on their rarity. From history record, a Legendary LeBron James moment in the Cosmic Series 1 Set was purchased for $208,000, which is the top price acquisition.
3.CryptoKitties: The First NFT Game
CryptoKitties is a blockchain game on Ethereum that allows users to collect and breed virtual cats, which is developed by Canadian studio Dapper Labs. Each NFT represents a unique digital cat on the blockchain. It is one of the earliest attempts to deploy blockchain technology for entertainment and became popular in December 2017.
Each cat is unique and owned by the user, validated through the blockchain, which cannot be replicated, destroyed, or taken away, and its value is determined by its generation and rarity. If you want to breed a digital cat, you need to deposit Ether (ETH) in the game’s official wallet, Dapper. Then you can purchase in the marketplace or bidding for a kitty in the game’s Offers system.
However, “Gen 0” is the rarest generation of kitties, with supply fixed at 50,000, and their value increased over time. The game attracted significant attention because users could breed rare cats and resell new kitties for a profit. As a result, the daily transactions on the Ethereum network reach a high of 1.349 million in January 2018.
4.Decentraland: A Metaverse Project
Decentraland is a virtual world built on the blockchain, users can purchase land through the blockchain and determine the content released on the land. It was opened to the public in February 2020. If you want to enter this virtual world, you should connect your wallet first. Then select and customize your avatar, which represents your identity in Decentraland. When Decentraland first launched in beta in 2017, developers sold virtual land parcels for as little as $20; following the 2020–2021 boom in NFT, the most desirable digital real estate in Decentraland was selling for more than $100,000.
5.Pudgy Penguin: ETH-based NFT Collectibles
The Pudgy Penguin is An Ethereum-based NFT project conceived by Mr. Patterson, along with three other computer science classmates at the University of Central Florida in late July 2021. There are 8,888 unique penguins with unique appearances. All the collections sold out in 19 minutes on the OpenSea marketplace.
OpenSea further shows more than 4,000 Pudgy Penguins owners, a 7-day average price of exceeds ETH 2, as well as more than ETH 20,000 traded volume.
7.Sorare: Fantasy Soccer Collectibles on Ethereum
Sorare is a fantasy football game released in 2019 where managers can trade official digital collectibles. The platform is growing fast, with a global audience collecting, buying, and selling their favorite players in the form of blockchain-backed NFTs. The Sorare team has secured the rights to European giants like Atletico Madrid, Juventus, and Bayern Munich, as well as the MLS, Korean League, and Japanese League.
There are three types of player card scarcities in Sorare: Rare, Super Rare, and Unique. Each player card has one Unique version, 10 Super Rare copies, and 100 Rare copies. Sorare has gained widespread popularity and reached a total sales of more than ETH 25,000 with over 12,000 owners.
8.Ethereum Name Services: A Name Service Built on Ethereum
Cryptocurrency is still very much in the IP address phase: users need long, it is difficult to remember addresses to access the services they need. That’s where the Ethereum Name Service comes in. It wants to make using crypto as easy as surfing the web. Ethereum Name Services offers a secure and decentralized way to address resources using human-readable names. It is a totally distributed domain name provider that allows anyone to buy and manage domains meaning you could send ETH or ERC20 tokens to “abc.eth” instead of to “8e698356f012fb8fb…” These “.ETH” domain names are unique and nonfungible, represented by ERC-721-compliant NFTs, and they are available for purchase and trading on NFT markets. Ethereum Name Services is the top NFT in its sector, with a trading volume of over ETH 7,000 and more than 31,000 owners.
9.Meebits: Unique 3D Voxel Characters
The Meebits are 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain. Included in the contract is a custom marketplace that supports like-kind trading of up to 100 Meebits per transaction, along with all the standard buy, bid, and ask transactions. ERC-721 mainly plays an intuitive role in Meebits NFT operation. The total trade volume on OpenSea is more than 43,000 ETH.
10.Art Blocks Curated: Created Official Art Works on Blockchain
Art Blocks is a platform focused on genuinely programmable on-demand generative content that is stored immutably on the Ethereum Blockchain. Artists can write codes that are plugged in the platform — these codes generate random variable combinations. As a collector, if a certain art style catches your eye, you can create your unique art piece. Art Blocks Curated is the projects are the ones that make it onto the “official” Art Blocks collection. Submissions are made by individual artists or collaborations and approved by the curation board before they go live. The traded volume on OpenSea has exceeded ETH 60K.
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