The world of digital art and collectibles has been changed by NFTs. The NFT market has grown at an exponential rate since 2021 and well into 2022 with more people than ever taking advantage of the trend of owning NFT assets.
With millions of NFT projects now live on the market and even more on the way, how can you know which ones are worth your time right now and will appreciate in value in the future?
Team at NFTScout analysed the current NFT market and prepared a quick overview of the best NFT collections to follow and potentially to invest. We explain what each one is about and why they are valuable.
Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs — unique digital collectibles living on the Ethereum blockchain. This project features digital apes that have different attributes and rarities, and the cheapest Apes cost about 100 ETH ($275,000).
At the beginning you could get your hands on an Ape for around 1 ETH, making this project one of the fastest-growing NFT collectibles in the industry.
Each Bored Ape token doubles as a Yacht Club membership card, and grants access to members-only benefits, the first of which is access to THE BATHROOM, a collaborative graffiti board. Future areas and perks can be unlocked by the community through roadmap activation.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: 6.4k
- Overall trade volume (in Ethereum): more than 490k
- Minimal floor price: 109 ETH
- Collection size: 10 000 tokens
Mutant Ape Yacht Club
The Mutant Ape Yacht Club is a NFT collection of up to 20,000 Mutant Apes. A Mutant Ape can only be created by exposing an existing Bored Ape NFT to a vial of MUTANT SERUM or by minting in the public sale.
It is a good way to join the community that enjoys the benefits of Bored Ape token holders.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: 12.3k
- Overall trade volume (in Ethereum): more than 310k
- Minimal floor price: 27 ETH
- Collection size: more than 18k tokens
Azuki
Azuki starts with a collection of 10,000 avatars that give you membership access to The Garden: a corner of the internet where artists, builders, and web3 enthusiasts meet to create a decentralized future. Azuki holders receive access to exclusive drops, experiences, and more.
Azuki developed a clear roadmap that outlines the goal of becoming a huge brand in the web3 community. Definitely worth the attention.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: 5.5k
- Overall trade volume (in Ethereum): more than 180k
- Minimal floor price: 28 ETH
- Collection size: 10k tokens
Cool Cats
Cool Cats is a collection of 9,999 randomly generated and stylistically curated NFTs that exist on the Ethereum Blockchain. Cool Cat NFT holders can participate in exclusive events such as NFT claims, raffles, community giveaways, and more.
This is a well-known brand in the NFT community that have all chances to grow in value in the future.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: almost 5500
- Overall trade volume (in Ethereum): more than 98k
- Minimal floor price: 8.25 ETH
- Collection size: 10k tokens
Clone X
20,000 next-gen Avatars, by RTFKT and Takashi Murakami. This project has great utility perks for its owners as well as a solid brand overall.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: almost 9k
- Overall trade volume (in Ethereum): 172k
- Minimal floor price: 18.29 ETH
- Collection size: 19.2k tokens
Sandbox
The Sandbox is a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain. The Sandbox metaverse comprises a map made up of 166,464 LANDS.
LAND owners can host contests and events, stake SAND to earn and customize assets, monetize assets and experiences, vote in the metaverse governance, play games that you or others create, and more! Trade the collection and keep your eyes peeled for future drops.
Some stats to consider about this collection since its launch. Data from OpenSea marketplace:
- Number of owners: 20.5k
- Overall trade volume (in Ethereum): more than 155k
- Minimal floor price: 1.86 ETH
- Collection size: 110k items
How to define the best NFT projects to follow?
Some of the most important criteria to take into account while evaluating NFT assets:
Team. Look at project founders and teams that work on the NFT project in question. The more credibility there is among the team members the better.
Community. Community that is built around the project and how engaged and developed it is. The loyalty of the community and its sheer engagement can be a sign of a longer project development and value that it will bring.
Project quality. Check the size of the NFT collection. Pay attention to the utility that the project provides as well as the variety of traits and attributes generated for each token
Note:This article was initially posted on Medium.