Over the last few years, NFTs have gone from a little-known concept to one of the hottest topics in the digital world. You may have heard of the unbelievably high prices top NFTs sell for, like “The Merge” valued at $91.8 million.
We can help if you wish to purchase NFTs but are unsure of where to begin. In this article, you can view some of the most valuable NFTs right now.
What Are NFTs?
It is crucial to comprehend top selling NFTs before looking at the most well-known ones. Digital assets include Non-Fungible Tokens. Since they are “Non-fungible”, it means that each NFT is unique. They may take the form of digital art, documents, audio, video or even digital real estate.
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Even if two NFTs look similar, they are not the same. Since an NFT is linked to a token on a blockchain, it cannot be replicated or faked. This blockchain data allows them to be powerful tools to establish authenticity and ownership on a blockchain.
Meet The NFT Titans of the Blockchain
This list is based on the all-time volume traded on OpenSea, one of the largest NFT exchanges. All volumes and minimum(floor) prices are denominated in ETH, the token used by the Ethereum blockchain.
Decentraland is a metaverse platform. It enables you to buy and sell virtual real estate within the metaverse. The virtual space within is known as LAND, an NFT on the Ethereum blockchain. LAND is divided into parcels, which can be purchased by you using MANA, the crypto token used in Decentraland.
Owning a parcel gives you full control over its environment. It allows you to create anything from static images to fully interactive games and applications. Parcels can be grouped into districts, which are communities with shared themes and uses.
Decentraland has a traded volume of 243,000 ETH, with a minimum price of 2.67 ETH per NFT.
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Azuki NFT is a collection of 10,000 avatars that aims to bridge the gap between the real and virtual worlds. They rose to prominence because of their beautiful anime-inspired art style. The team is working to make Azuki one of the largest digital brands in the metaverse.
You have access to the Garden, an exclusive membership area, if you own an Azuki. You are qualified for streetwear collaborations, NFT releases, and live events with this membership.
Chiru Labs, a startup with headquarters in Los Angeles, developed Azuki. Information on the founders is hard to come by, as they insist on being anonymous and secretive. The lead founder is known as Zagabond, a DeFi builder who claims to have worked in big tech companies such as Google.
The team is currently working on several projects, including DAO (Decentralised Autonomous Organisation) structures, a token called $BEAN and blockchain-based gaming.
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Azuki has a traded volume of 251,000 ETH and a floor price of 11.9 ETH.
4. Otherdeed for Otherside
Otherside is an upcoming gamified metaverse. It blends elements of role-playing games with web3-enabled virtual worlds. It aims to create a multiplayer virtual world you own, where your NFTs become playable characters.
Otherdeed is the virtual real estate system within Otherside. It enables you to build, collect resources and create unique experiences in Otherside. Only 100,000 of the 200,000 otherdeeds will be made available for purchase. The rest will be rewarded to holders of previous otherdeeds and those that help with bringing the Otherside vision to life.
A unique selling point of Otherside is its compatibility with other NFTs you may own. All Bored Ape, Mutant Ape and CryptoPunk holders will be provided with in-game characters when the game launches. This enables you to use your priceless NFTs on a different platform.
Other Deeds have a volume of 304,000 ETH and a floor price of 2.43 ETH.
3. Mutant Ape Yacht Club(MAYC)
The Mutant Ape Yacht Club NFT is a collection of 20,000 NFTs that was created as an addition to the popular Bored Ape NFTs. When a Bored Ape is exposed to something known as “Mutant Serum”, it transforms into a Mutant Ape.
MAYC was created as a means of rewarding owners of Bored Apes with brand new NFTs. Each NFT is based on another from the original series. All owners of Bored Apes were airdropped vials of Mutant Serum. This serum comes in 3 stages, M1, M2 and M3 or Mega Mutant, which cause varying degrees of mutations from the original NFT. Vials can also be purchased separately on NFT exchanges, with no restrictions on their use.
MAYC has a traded volume of 421,000 ETH, with the lowest NFTs going for 17.55 ETH.
2. Bored Ape Yacht Club(BAYC)
Bored Ape Yacht Club NFTs, one of the most well-known NFT collections ever, contains 10,000 different Apes. Every NFT also acts as a membership pass to the Yacht Club, a collaborative space for BAYC owners. The first of many member-only benefits is access to “THE BATHROOM”, a collaborative digital graffiti board.
Over 170 distinct options are used to generate every Bored Ape through programming. These may be headwear, clothing, expressions and more. The team Bored Apes want them to be fair and equal for all. In an effort to implement this, they have capped the initial price of BAYC to 0.08 ETH. The NFTs are stored as ERC-721 tokens on the Ethereum blockchain.
As part of their expansion plan, the team has already launched the Mutant Ape Yacht Club, as mentioned above. They are also working on in-person events, DAOs and more possibilities in the Yacht Club.
BAYC has a volume of 618,000 ETH and a floor price of 89 ETH.
CryptoPunks are the most influential NFTs in the field. Their creation inspired the modern crypto art explosion. They are some of the earliest NFTs on an Ethereum blockchain and became the basis on which the ERC-721 standard was established. This is now used by most NFTs based on Ethereum.
Each CryptoPunk NFT is a uniquely generated 24×24 pixel art image. While most are humans, some can even take the form of zombies, apes or aliens. All versions of CryptoPunks were first given away for free. One could be claimed by anyone possessing an Ethereum wallet. Now, they are some of the most expensive NFTs on the market, available only through trade.
These NFTs were made by Larva Labs. They are working on two other NFT projects. The first is Meebits, which are 3D characters that are generated and have a free trade platform. The first piece of on-chain generating art on the Ethereum blockchain is another project called Auto Glyphs.
The total volume of CryptoPunks is 939,000 ETH, with a floor price of 64.4 ETH.
Today, there are more top NFTs in 2022 to choose from than ever before. The projects listed above showcase the wide range of experiences an NFT can allow you to have. Whether you want to buy into these popular communities or choose a new project that appeals to you, there are endless possibilities. If you make the right investment, the sky’s the limit for how high it can go.