What NFTs Should You Buy?


NFTs have become very popular within the cryptocurrency space and beyond, and the market is currently worth billions of dollars.

What are NFTs?

Nonfungible tokens are cryptographic assets on a blockchain. They have unique identification codes and metadata. The codes and metadata make each NFT unique. Unlike regular art pieces, NFTs cannot be copied or duplicated.

NFTs are easy to create. There are numerous NFT marketplaces that allow users to freely create a nonfungible token with zero programming knowledge required. OpenSea, Rarible, and Mintable are some of the leading NFT marketplaces available to people.

The proof of ownership of each NFT is what makes them tradable and nonfungible assets. After an NFT is created, the blockchain ledger records it and its unique ID codes. The blockchain ledger further records each sale and resale and ownerships of the NFT. Thus, preventing the copying of an NFT and eliminating fraudulent claims of ownership.

ETH/USD chart. Source: FXEMPIRE

Top NFTs to Buy

There are thousands of NFTs currently available to investors, and the figure keeps increasing. However, here are some of the top NFTs to buy.

Bored Ape Yacht Club

This is a collection of 10,000 unique Bored Ape NFTs available on the Ethereum blockchain. There are more than 5,800 owners of the Bored Ape NFTs, and the entire collection is currently worth over 23,000 ETH coins. Over the past seven days, the Bored Ape Yacht collection has recorded a more than 360% increase in trading volume, making it one of the most in-demand NFT collections.

CryptoPunks

Another set of NFTs that is very popular is CryptoPunks. There are 10,000 NFTs in this collection, and they have become trendy in the art world. CryptoPunks have featured in places like The New York Times, Christie’s of London, Art|Basel Miami, and The PBS NewsHour. The entire collection is worth nearly 10,000 ETH coins and remains one of the most attractive groups of NFTs.

Mutant Ape Yacht Club

Sister to the Bored Ape, the Mutant Ape Yacht Club comprises 20,000 NFTs. These NFTs can only be created by exposing an existing Bored Ape to a vial of MUTANT SERUM. It can also be created by minting a Mutant Ape in the public sale. This collection is worth more than 16,000 ETH coins, and its trading volume has grown by nearly 500% over the past week.

Doodles

These are NFTs featuring art by Burnt Toast. The NFTs come in various colors, traits and sizes, with a collection size of 10,000. The collection is worth over 3,000 ETH coins, and its trading volume has grown by more than 250% over the past week.



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