Top 10 NFT Projects of 2022 that You Should Know About
The new-gen investors are gradually increasing their wings into the era of digital finance. It is not a secret anymore that the world is relying upon a digital economy even more after the 2020 pandemic. As you might know, more and more investors are dipping their toes in the massive pool of NFTs. Are you wondering what is NFT crypto? Consider this blog as a first-timer’s guide and keep reading ahead!
NFT at a glance!
Simply put, NFT crypto tokens represent information of unique digital and real-world assets. Unlike other crypto tokens like Ether(ETH), Bitcoin(BTC), or fiat currencies like the euro, dollars, you can’t exchange your hundred dollars NFT with any other hundred dollars NFT. You can’t even divide an NFT into smaller parts like other fiat currencies or crypto assets.
The non-fungible tokens are everywhere- from digital models to artists, musicians, soccer players, everyone is creating NFTs and auctioning them to the community.
So, in a nutshell, it is an indivisible crypto asset that represents the value and information of unique or rare items. If you want to dig deeper into the concept of NFTs, you can join the NFT certification course. Let’s move on to the top ten NFT projects of 2022 now.
Launched in 2017, CryptoPunks was one of the first NFT projects on Ethereum. Larva Labs, the creators of the punks, collaborated with two Canadian software developers to create the collection of 10,000 unique tokens that can be sold, bought, and bid on. American rappers Snoop Dog, Jay-Z, and tennis player Serena Williams are some of the celebrity CryptoPunk holders.
As the name suggests Decentraland is a decentralized virtual reality hub, build on Ethereum (ETH) blockchain. It allows the users to assist and monetize content and applications. Here you can trade unique digital collectibles, buy virtual plots, create custom avatars, and much more. However, you need your NFTs, and connectivity with a crypto wallet through a web browser to set up your new avatar. This platform has MANA tokens that you can use to buy land and other assets. Paris Hilton is one of the many celebrities who are associated with Decentraland.
- Virtual Reality Land (VRL)
Virtual Reality Land is a unique NFT project that is mostly available on the decentraland NFT. On decentraland, you can monetize a piece of land through the development of the real estate. The potential and appeal of Virtual Reality Land will continue to grow in 2022 as well.
- Cool Cats
Just like the CryptoPunks, the Cool Cats are another fun collection of NFTs that have been making headlines since June 2021, right after getting launched. While existing on the Ethereum blockchain, the collection has 9,999 unique cat characters that have varying traits, facial expressions, and attires. Celebrities like Myke Tyson owns Cool Cats and you can own it too in 2022.
- Bored Ape Yacht Club (BAYC)
It is one of the most-talked-about NFT projects in today’s time as the list of investors include American rapper Eminem, talk show host Jimmy Fallon, YouTuber Logan Paul, and music producer DJ Khaled. Built on the Ethereum blockchain, BAYC features a collection of 10,000 animated bored apes that have varied characteristics.
Launched in 2020, Flow has become the most popular hub for creating a new era of apps, digital collectible items, and games. While working on a single layer of Blockchain technology, Flow offers the developers to build and trade NFTs seamlessly.
- Axie Infinity
Another top NFT project that will steal all the attention is the game Axie Infinity. It is a play-to-earn Blockchain game that resides in the metaverse. Though originally launched in May 2018, Axie Infinity has gained huge popularity in 2021. As per the recent data, the game has 2,800,000 daily players. Just imagine the possibilities in 2022.
Meebits is another masterpiece created by Larva Labs in 2021. Following the footsteps of CryptoPunks, Meebits is a pixelated 3D avatar that you can use in the virtual world. The collection has 20,000 unique characters and their prices can rise to 100s of ETHs. If you are wondering about the celebrity investors, Shawn Yue Man-Lok, singer and actor from Hong Kong, is one of them.
EQIFI is a DeFi (decentralized finance) project that allows users to lend, borrow, and invest in ERC-20, fiat currencies, and ETH. Despite being a decentralized platform, EQIFI has a dedicated bank account that provides the users with full access to its products like multi-currency accounts and credit cards.
- Mutant Ape Yacht Club (MAYC)
In August 2021, the makers of Bored Ape Yacht Club further came up with the creations of Mutant Ape Yacht Club (MAYC) as a separate project. In the first slot, there were around 10,000 Mutant Apes that sold immediately for USD 96 million. But the mutation didn’t stop there.
Final Thoughts: What Can You Expect from 2022 NFTs?
So, this was the list of the most important NFTs of this year. The auctions will continue to make more noise and the NFTs’ future will grow more in the DeFi space. Along with that, these value-driven projects will become the center of attraction as they will allow the NFT expert and investors to gain more profit.