NFTs is another digital asset class of physical and intangible objects, such as works of art. They can be bought and sold like any other asset. Future uses of NFTs appear limitless. Thus, as more assets get digitized, they might potentially increase tremendously.
CryptoPunks
It was one of the first NFT token projects on Ethereum. CryptoPunks were algorithmically produced and feature a collection of 10,000 distinct collectible tokens, according to Larva Labs, who launched them in 2017. This collection was created in collaboration with two Canadian software engineers.
The characters in this NFT project resemble pixelated punks that may be purchased, sold, or bid on. The most frequent kind of punk is included in the collection. The collection also includes 88 zombie punks, 24 ape punks, and nine alien punks.
These punks have a unique backdrop color that informs customers about the digital asset’s condition. An extraterrestrial avatar valued at US7.58 million is the most expensive CryptoPunk that has been sold so far.
Crypto Baristas
Season 1 of Crypto Barista will introduce 60 caffeine-loving people whose ownership aids in the conception and implementation of the World’s First NFT-funded Café.
Its owners have caffeinated benefits for life at all future cafes and websites. The Barista Bank, a 15% fund set aside from the project’s earnings for future usage in the coffee industry, is likewise under the authority of the owners.
The Coffee Bros, which is a Crypto Barista project, aims to address three areas where many NFT initiatives fall short: governance, community, and ownership. Seasonal launches will grow the initiative, with each season focusing on a new venture in the coffee area while delivering rewards and governance to all holders.
Bored Ape Yacht Club (BAYC)
It is currently one of the most well-known NFT collections. BAYC is a game created by Yuga Labs that contains animated apes with various traits and rarities. It is built on the Ethereum network. A total of 10,000 distinct Bored Apes have been collected.
Their values have risen in a few months after their release in April 2021, making this collection one of the quickest appreciating collectibles in the business. Owners of these NFTs are granted a Yacht Club membership card, which comes with a slew of benefits, including invites to exclusive digital performances. The highest price that this NFT has been auctioned for is $2.3M.
Mutant Ape Yacht Club (MAYC)
MAYC is a one-of-a-kind ape collection made as a distinct project by the Bored Ape Yacht Club creators. It launched in August of 2021. The collection included 10,000 Mutant Apes, which sold for USD 96 million on the spot. However, the mutation did not end there.
They released a new NFT called Serum. Holders of the Bored Ape cards might use it, which comes in three varieties, including a mega mutant serum, to turn their ‘apes’ into Mutant Apes.
This meant that all 10,000 Bored Apes might be turned into Mutant Apes in the same way. With the addition of the previously published mutants, the Mutant Apes collection now has a total of 20,000 NFTs. It can cost around US$32,600.
Vee Friends
Gary Vaynerchuk, the serial entrepreneur, is behind VeeFriends. It is a pass to Gary V’s multi-day mega-conference, which is only open to VeeFriends token holders.
VeeCon is the world’s first NFT ticketed conference. VeeCon is a gathering of VeeFriends token holders who get together to form a community, share ideas, and learn together.
To commemorate the sale of the latest Self-Aware Hare Carrots hoodie and t-shirt collaboration, a commemorative animated 3D NFT airdrop called Anwar’s Self-Aware Hare was just released to holders. These NFTs will live under the VeeFriends Mini Drops collection.
Flyfish Club
This is Gary Vaynerchuk’s second endeavor, and it is the world’s first NFT member-only private dining club. Members will have access to a private dining area in New York that will be 10,000 square feet or more.
The standard Flyfish membership costs 2.5 ETH, while the Flyfish Omakase membership costs 4.25 ETH and includes access to the Omakase room.
You can book a table for up to 8 non-token holding visitors with a standard membership. You can reserve a table for the same number of guests using the Omakase option, but you can only invite one visitor to the Omakase room. The benefit of being an NFT member is that you may lease or resell your membership at any time.
Cool Cats
It exists on the Ethereum blockchain. It was released in June 2021 and had 9,999 distinct characters based on a blue cat animation. The mix of varied facial expressions, features, and attires, however, is what distinguishes each of these characters.
One of the most intriguing aspects of this NFT is the developer’s ability to breed the characters for future generations. The largest offer yet has been for a Zombie cool cat, which sold for US$3.5 million at auction. Until now, these NFTs may only be utilized as art, and their owners can participate in numerous community activities and giveaways.
Proof of Beauty
It’s a cutting-edge NFT initiative dedicated to documenting and commemorating the Ethereum blockchain’s history. HASH, the company’s first NFT series, allows users to transform personal and historical blockchain transactions into beautiful NFT artworks. The transaction metadata is integrated into color palettes, forms, and textures by the algorithm. LONDON, the second series, is a sold-out collection of 8,888 works of generative art. During the hard fork, London gift NFTs became available, and the first transaction after the EIP-1559 update was a London NFT sale.
Summary
Before investing in a non-fungible token, you should do your own research. These projects can be difficult to evaluate, and many NFTs are illiquid, which means you might have trouble selling your collectibles later. Some NFTs that are now flourishing and you should consider investing in include: CryptoPunks, Crypto Baristas, Bored Ape Yacht Club, Mutant Ape Yacht Club, Vee Friends, Flyfish Club, Cool Cats, and Proof of Beauty.
