4 NFT Collectible Ideas To Consider When Starting Your Collection
There is no gainsaying that 2021 was all about NFT collectibles and new projects have continued to drop, despite the drop in sales. The overwhelming success of the Bored Ape Yacht Club NFT collection is proof of this. Collections like CryptoPunks have also sold millions of NFTs.
Apart from these, utility is also an extremely important factor that determines an NFT’s success. In a market where NFTs are numerous, a great collectible idea alone is insufficient to achieve success. When investing in NFTs, a lot of collectors are in it for the long haul.
As far as NFT ideas are concerned, your imagination is the only limit. You can decide to stick to JPEGs, art, or music; you can create animated, 3D, AR, or gaming NFTs. Even better, you can explore artificial intelligence tokens on the blockchain — a good example is Alethea AI, an iNFT (intelligent NFT). Essentially, it is an interactive NFT with an embedded AI personality which learns and evolves as you interact with them.
Here are a few collectible ideas you can explore as you look to begin collecting NFTs.
1. Art
Art is unarguably the most popular NFT, with some art pieces selling for millions of dollars. The niche is dominated by digital artists such as Pak and Beeple. However, traditional artists and fine artists like Damien Hirst and Trevor Jones have also shown how legacy artists can find success in the NFT space. You can even focus on 3D modelling to create hyperrealistic 3D art. Similarly, if you are into photography, you can also turn your photographs into NFTs.
2. Games
Games now have NFTs as in-game assets. Players can use them outside the game as well. NFTs have given rise to the play-to-earn gaming genre. These games let players earn crypto and other rewards while playing. NFT gaming is another popular Web3 niche.
3. Sport
Sports NFT trading cards and fan tokens became highly sought after in 2021, especially due to the popularity of NBA Top Shot. Although the interest in sports NFTs have declined a bit recently especially because of the current bear market, platforms like Sorare and Socios are still enjoying some traction. This is an area that you can explore and monetise if you are a sports person.
4. Music
Although music NFTs are not as popular as the other aforementioned niches, they are slowly picking up in the industry. Essentially, music NFTs represent an audio file which can be beats, singles, or even entire albums. Popular NFT marketplaces like OpenSea have a dedicated section for music NFTs. On the other hand, there are also dedicated marketplaces for music NFTs only. This includes Catalog, Async Music, and Royal.
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This article was written by Sam Adekunle. He can be reached via twitter and LinkedIn.