Top 5 NFT collections to buy in 2022

Blockchain was only known for cryptocurrencies and possibly dApps. However, this will change around 2017 and may lead to the creation of digital assets. These assets were called Irreplaceable Tokens. Unlike time tokens, the values ​​are not the same.

A unit in a group can cost more than another unit in that group. In essence, it cannot be replaced. It was unique. The creation of an NFT is made possible by the ERC-721 standard on the Ethereum blockchain. In addition, this has led to other blockchains such as Solana, Argoland and Cardano joining this trend.

NFTs weren’t worth it at first, but they’ve become more valuable with media attention. Some still think it’s a bubble, while others have established themselves as innovators, collectors, and flippers. NFTs range from digital artwork to domain names, in-game items, articles, and digital collectibles. Digital artwork is currently the most in demand.

Unlike cryptocurrencies, NFTs are bought in niche markets using ETH, SOL, or relative tokens. These include OpenSea, SuperRare, Rarible, Larva Labs, NBA Top Shot Marketplace, Axie Marketplace, and more. It’s not bad to store them in a software wallet, but using a hardware wallet is more secure.

Now that you understand the basics, let’s consider the five best NFT elements. It needs to be invested before this year is fully on the right track.

1. Boring Ape Yacht Club (BAYC)

This NFT kit consists of 10,000 units of boring monkeys. Created by Yuga Labs on the Ethereum blockchain and hosted on IPFS. When it was launched in April 2021, the price of the boring monkey was 0.08 ether. According to the official BAYC website, this may still be the case, but the current minimum is 86 ethers.

Each boring monkey has its own characteristics, from color to expression, clothes, hats, etc., offered by a program with more than 150 possible functions. They are all dope, but some boring monkeys are rarely encountered. Out of 10,000 boring monkeys, 6,000 have already been bought by people and to date more than 338,000 Ethers are in circulation.

The club has a graffiti board called the bathroom. Only members can access it. As the project progresses, there are plans to open more franchises and areas.

Since its launch, it has received a lot of attention. Celebrities like Post Malone, Eminem, Jimmy Fallon, and Stephen Curry have boring monkeys. BAYC has partnered with adidas for its first NFT project. Also, one of the boring monkeys was published in Rolling Stone magazine sometime last year.

2. Earth

These are some of the lands in the virtual world. Depending on the Metaverse, the Earth can be used for a variety of purposes. It can be traded, used for real estate purposes, or used to build offices, casinos, parks and museums. Currently, there are two types of metavers where you can own land ownership.

One is sandbox. Sandbox lands are digital real estate that can create experiences or invest in assets. There are over 166,000 lands on the Ethereum blockchain. A group of land constitutes an estate, and the estates owned by different persons constitute a county.

You can use the sandbox virtual map to see land use and distribution. Currently, the minimum charge for 18,800 other owners is 3.3 ether. 139,800 Ethers were exchanged for land.

The Sandbox itself is a Play-to-Earn Metaverse released in 2020. SoftBank, Atari, CryptoKitties, Snoop Dogg, and The Walking Dead have invested in Sandbox.

The other is Decentraland. It was created by Esteban Ordano and Ari Meilich and launched in 2017. At launch, the land sold for about $20, with over 97,000 plots of land now worth thousands. This was one of the Metaverses built on the Ethereum blockchain.

The minimum rent is 4.159 ether and they currently have approximately 6,500 plots of land. We are engaged in trading over 235,000 Ethers.

3. Graffiti

Doodles is a project created on the Ethereum blockchain and promoted by its community. The collection contains Burnt Toast’s work and consists of 10,000 doodles. There are different colours, sizes, faces, backgrounds, and more. It was founded in October 2021 by Evan Kist, Jordan Castro and Scott Martin.

It sold at 0.123 Ether at the time of its launch, but the current minimum price is 9.5 Ether. It peaked at 11 ether at the beginning of January. 65,600 Ethers were traded for the graffiti. Currently, there are more than 5900 owners.

Doodle owners can vote for a decision in the Doodle community locker. They also have access to exclusive meetings. The owner defines the roadmap for the project.

4. Azuki

Azuki by Arnold Tsand and Churi Labsi. August 2021 on the Ethereum blockchain. Its purpose is to give owners access to the metaverse they build and own. The collection consists of 10,000 avatars. Owners have access to The Garden, where artists, innovators, and Web3.0 enthusiasts can help create a decentralized future.

NFT drops are one of seven stages. Other activities include community development and input, creation of the metaverse (including Lookbook, Azuki 3D, digital drops, games), physical entities (streetwear, IRL events, merchandise, etc.), experience bridges, seedlings including partnerships, etc. including DAO. and $BEAN.

Currently, the minimum shipment amount is 3.44 ether, and 5,300 holders. So far, over 39,000 Ethers have been traded.

5. Women’s World (WOW)

WOW is an IPFS-hosted NFT created using the ERC-721 standard. Started in July 2021. Created to promote expression, inclusion, and equal opportunity for artists. Featuring 10,000 artworks of different women drawn by Yam Karkai.

Initially sold at 0.07 Ether. 5,000 people have already been purchased at a cost of at least 7.37 ether. As of today, more than 45,000 Ethers have been exchanged for WOW. Reese Witherspoon, Hoda Kattan, Liam Payne, Sina Rhimes, Logan Paul and Eva Longoria are other notable WOW owners.

closing note

Unlike cryptocurrencies, NFT has no liquidity or volatility. They value guesswork and emotions and are more dangerous than replaceable tokens. So the best advice is to know where you are. Do you collect or buy to stir? As a collector, all you need are feelings. However, as a fin, it requires further investigation and analysis. Deal wisely. The coding space is unpredictable.

NFT’s compilation of the 5 best publications to buy in 2022 was first published in CoinJournal.

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