Non-fungible tokens (NFTs) are making waves in the blockchain and crypto world. If you are an NFT aficionado or thinking about investing in this niche, here are some secrets about some of the most famous NFT collections.
CryptoPunks is definitely one of the earliest NFTs projects dating back to 2017. It was a creation of Larva Labs, a development studio. CryptoPunks comprises a series of 10,000 art images of 24 x 24 pixels depicting punks with random attributes including eyewear, headgear, and gender.
CryptoPunks originally came for free and now command huge sums. You will be surprised to know that even the cheapest CryptoPunks can get a six-figure offer. On the other hand, the rarest punks such as zombies, apes, and aliens can be worth millions of dollars.
Even Visa wanted in on some NFTs action and snapped CryptoPunks #7610 and added it to its historic commerce artifacts collection. You can chiefly use CryptoPunks to show that you are a member of a select fraternity and use these NFTs as your social media avatars.
Bored Ape Yacht Club
Similar to CryptoPunks, Bored Ape Yacht Club is also an NFT avatars series. However, in this case, these images are pictures of disinterested-looking apes. There are 10,000 of these exclusive NFTs with randomly generated attributes.
Owning one of these NFTs gives you the eligibility for drops of other NFTs such as Bored Ape Kennel Club, a dogs-based NFT series. You can also enjoy additional NFTs of Mutant Ape Yacht Club with NFTs of mutant apes. These are your tickets to an exclusive members-only club with added perks.
While CryptoPunks started it all, Bored Ape Yacht Club is making stronger strides as far as the collectors' attention is concerned.
Axie Infinity is one of the biggest Video games NFT and became the world’s most traded collection of NFT ever in the 3rd quarter of 2021. The trading volume for this particular NFT reached a whopping $2.5 billion in Q3 of 2021.
The video game itself is something like Pokémon that sees you (as a player) collecting monsters known as Axis. You can put these monsters against each other in battles and breed them to create new ones. There are actually players of Axie infinity in the Philippines who make a living out of trading and breeding Axis.
While the game itself comes with a steep learning curve, if you think you have what it takes to sit at home, play a game and earn a handsome amount, you just found a pot of gold here.
Aavegotchi is an experimental startup with DeFi money market player Aave funding it. This one is an NFT crypto-collectibles from the gaming universe. Each Aavegotchi also contains an Aave token staked inside it as collateral. This means each Aavegotchi generates yield on its parent platform Aave. If you are an owner of Aavegotchi and decide to liquidate your stake, your Aavegotchi will disappear.
NFTs are the future of collectibles, investment, and how people will trade in the digital world. Giants like Meta and Nike are already jumping on board the NFTs. With Metaverse around the corner, it is worthwhile familiarizing yourself with the concept of NFTs and which ones are performing well in 2022.