NFT Tokens Intro
The NFT market is rapidly expanding with lots of NFT tokens as prices for the most popular NFTs reach millions. They have grown into a trend and came into the spotlight following record sales in 2021 and continuing to do so in 2022.
Since then, celebrities have purchased a record number of NFT Tokens, spending thousands of dollars, if not millions, on NFTs, and this has continued to make headlines. Many expected the hype would die down, but NFTs have outperformed crypto.
As a result, the value of digital tokens used to transact NFTs has surged drastically.
NFT Token Varieties
In this article, we will go over several popular NFT Tokens to look out for, all of which include:
- Bored Ape Yacht Club
- Invincible Friends
- Mutant Ape Yacht Club
Bored Ape Yacht Club NFT Tokens
Bored Ape Yacht Club is one of the most sought-after NFT drops that got investors’ attention. As the name implies, these Apes are works of digital art that appear bored but have piqued the interest of high-net-worth investors worldwide. This collection contains 10,000 unique ‘Bored Ape’ NFTs.
Aside from owning a work of art, Bored Ape owners gain access to the ‘Yacht Club.’ This club provides members with many benefits, the most notable of which is access to an exclusive Discord server populated by entrepreneurs, successful individuals, and even celebrities.
Bored Ape owners have first access to additional NFT drops, such as the Bored Ape Kennel Club and Mutant Ape Yacht Club.
You can purchase bored Apes from the OpenSea marketplace, though these NFTs are more expensive than most. The Bored Ape Yacht Club is undoubtedly one of the best NFT tokens to own because of its widespread popularity, and many celebrities have purchased one.
CryptoPunks come in second place to Bored Ape Yacht Club in terms of mass appeal; if you’re looking to get an NFT, CryptoPunks, is also an excellent place to start, as this collection was first released in 2017, making it one of the oldest NFT projects on the planet. Although CryptoPunks were initially unpopular, their value skyrocketed in 2021 as the broader NFT market expanded.
The CryptoPunks NFT collection comprises 10,000-pixel images hosted on the Ethereum blockchain. Each “punk” is unique, having its personality and aesthetic, all of which include aliens and zombies among the most valuable.
CryptoPunks, like other high-profile NFT collections, have been popular with celebrities like Logan Paul, Jay-Z, and Snoop Dogg, to name a few all have their brand of Punk.
These NFTs have a high price tag, with the most expensive NFT, CryptoPunk, selling for $11.75 million last year! With a floor price of over $200,000 for one of these assets, CryptoPunks is undoubtedly one of the best NFT projects to date.
For the staying power of CryptoPunks, experts assert that it all comes down to historical significance. In short, being one of the first NFT projects has cultural value, which translates into financial value.
Invincible Friends NFTs
Invisible Friends NFT sales saw strong demand with the top sales. The project established a floor price of 12 ETH on its first trading day. Markus Magnusson, an animator, and illustrator created the 5,000 animated NFTs in the Invisible Friends NFT collection.
The artwork appears simple and eye-catching, and because of this, it’s no surprise that every other NFT fan wants to get their hands on these eye-catching animated NFTs.
The collection came with a mint price of 0.25 Ethereum, putting it on the higher side of the mint cost for projects.
Invisible Friends auctioned off an exclusive 1/1 gold NFT before the mint. “Golden Friend” was sold for 499.69 ETH ($1.22 million). They donated the auction proceeds to the RCC Charity Fund. The auction winner received the rare NFT and five unreleased Invisible Friends NFTs.
The week’s hottest non-fungible token collection is a recently minted project with a lower supply than most, resulting in high demand and a unique floor price to get things started.
Doodles NFT Token(s)
This is another option for the best NFT tokens to invest in. Doodles is an NFT collection of 10,000 original pieces of art created by a trio of well-known digital artists.
Its creators, who go by the aliases Tulip, Poopie, and Burnt Toast, have already had a lot of success with NFTs, as two of them helped create the popular CryptoKitties NFTs.
Doodles, as the name implies, are 2D characters with distinct traits and aesthetics. This NFT come in various shapes and sizes, including spacemen, skeletons, and aliens, with some being rarer than others. The Doodles collection was first released in October 2021 and quickly sold out.
At the time of writing, the Doodles’ floor price is 13 ETH, roughly $38,100. This NFT collection has gotten a lot of attention for no apparent reason.
However, the developers believe it is because of the art’s accessibility and the fact that the developers have prior experience in the NFT space.
Mutant Ape Yacht Club NFT Token(s)
The Mutant Ape Yacht Club is the follow-up/remake to Yuga Labs’ smash hit, Bored Ape Yacht Club. While celebrities and venture capitalists hoard the Bored Apes, the mutant apes offer a more affordable way to access the same network.
There are 20,000 Mutants, including a few “Mega Mutants” with prices as low as 3,000 ETH, i.e., $9 million. They distributed the Mutant Apes via airdrop to Bored Ape Yacht Club members.
All 30,000 apes (bored and mutant) were also given early access to Adidas’ “Into the Metaverse” NFT project, which sells for over five times the retail price. It pays to be a club member, and investors recognize MAYC’s worth with a price floor of around 35 ETH ($100,000).
MAYC has become a separate blue-chip NFT, steadily climbing with no signs of slowing down soon.
Historical projects will always receive attention and the social capital that comes with them, whereas every other project must earn it over time.
For projects launched last year, it’s best to bet on ones led by people with staying power who’ve been here for years and will be here for decades. Their collections may not be historically significant yet, but attention will flow toward them over time.
Since 2021, the NFT industry has seen widespread participation from people all over the world. Despite a few scams and some people dismissing it as a fad, the NFT space has continued to thrive even in 2022. Thus outlined above are promising projects worth looking out for.