Non-fungible tokens are disrupting finance and art in ways very few people could ever imagine. By enhancing ownership and distributing digitized real-world objects, they have also given rise to unique investment opportunities.
Crypto fanatics have come up with a thousand ways of investing in art music, among other collectibles, thanks to NFT proliferation. While one is always sure to be spoilt for choice, there are NFT projects that will always stand out. Even as Cardano and Solana become increasingly popular, Ethereum remains the go-to platform for some of the biggest and the best NFT projects.
Below are some of the biggest NFT projects built on the Ethereum Blockchain.
Axie Infinity
Axie Infinity is arguably one of the biggest marketplaces for non-fungible tokens. It also doubles up as an NFT game with more than 2 million players worldwide. As a gaming platform built on top of the Ethereum blockchain, it allows players to battle each other in various games and grows creatures such as Axies.
Axies are simply NFTs whose value continues to increase as users on the platform increase, presenting unique investment opportunities. The fact that Axies value varies in price depending on their attributes makes them some of the best investment opportunities in the burgeoning sector.
The Axies NFTs stand out partly because they can also be traded with other users on the Axie Infinity marketplace. The native Axie native token powers transactions in the market. The combination of virtual gaming opportunities and investment prospects makes Axie Infinity one of the best NFT projects on top of the Ethereum blockchain.
Decentraland
Decentraland is one of the biggest virtual online spaces built on top of the Ethereum blockchain. At its core, it allows users to buy virtual plots of land which they can develop. In addition, users can explore the virtual world and engage in the buying and selling of virtual in-game assets like land and wearables.
It stands out as it is structured as a decentralized autonomous organization. Consequently, users have complete control over governance issues in the platform. In addition, all the digital assets in the platform are structured as NFTs, from plots of land to clothes, collectibles, and cosmetics. The fact that these NFTs can be traded on the Decentraland marketplace using the native MANA coin takes the platform’s capabilities to new heights.
Decentraland edge stands out from the fact that advertisers are increasingly taking advantage of its potential. Advertisers have already started creating virtual billboards to carry out advertising campaigns on the platform.
NBA TopShot
NBA TopShot is one of the biggest projects that is increasingly transforming how people own and trade some of the best NBA moments using NFTs. It acts as a marketplace whereby people can trade some of the best NBA moments transformed into NFTs. Over $230 million worth of sales have already taken place on the platform, affirming its edge as one of the leading marketplaces for NFT cards.
Built on top of the Ethereum digital ledger, it’s become a household name among NBA partners thanks to the partnership between the NBA and Dapper Labs. Despite facing a string of challenges in the last few months, it is poised to experience exponential growth in 2022 as it continues to bring NFTs to the mainstream world.
The more than $230 million worth of sales carried out on top of the platform affirms NBA TopShot edge as one of the biggest NFT marketplaces with tremendous room for growth.
CryptoPunk
CryptoPunk is home to some of the most valuable NFT collections in the world. It boasts of a pool of over 10,000 CryptoPunks, all coming with unique traits. Each punk is generated algorithmically, with human punks being the most common and popular.
Currently, there are about 9 Alien punks, 88 zombie punks’ and 24 Ape punks. The collection generates value from being rare amid strong demand in the market. The fact that one CryptoPunk sold for $532 million affirms their edge and credibility in the burgeoning space. The fact that CryptoPunk is one of the most expensive NFT projects in existence affirms its credibility and long-term prospects in the burgeoning space.
Bored Ape Yacht Club
Bored Ape Yacht Club is an Ethereum-based project that boasts of some of the most valuable NFT collections. Since its launch, the value of Bored Apes listed on the platform has skyrocketed, with some going for millions of dollars. The exponential growth stems from celebrities and high-profile personalities being some of the biggest proponents.
The platform comes with over 10,000 unique pixel avatars built on the Ethereum blockchain. The avatars stand out and continue to fetch significant value because no net character is similar to another in design.
Celebrities like Jimmy Fallon and Kevin Hart have purchased some of the most valued NFT apes on the platform. With bore apes taking over the NFT scene, it does not come as a surprise that the platform has garnered more than $1 billion in sales.
Finding the best NFT projects
NFT projects are cropping up by the day, making it extremely difficult to keep tabs on projects sure to generate significant value down the road. Using an NFT calendar makes it much easier to keep tabs on the best and most credible drops coming up each month.
In addition, there are marketplaces that highlight the top upcoming drops. The platforms allow users to subscribe to an email list where they are notified whenever an NFT drop with tremendous potential hits the market. Social media is also a great resource for keeping track of some of the biggest and best Ethereum NFT projects.
Final thoughts
NFT popularity is expected to increase amid its acceptance and adoption in the mainstream sector. The listed Ethereum NFT projects stand to enjoy tremendous success given their proven use case. The projects are expected to reach new heights, presenting an opportunity for early investors to generate significant value.
