NFTs are recovering with extremely strong waves. Considered as a potential market where Blockchain is gaining strength, NFT brings a new breeze to the field of digital currency. In today’s article, let’s take a look at the top 7 HOT potential NFT projects/coins with Ola City today that you should not miss.
I. What is NFT??
NFT or Non Fungible Token (Non-fungible Token) is no longer a strange concept to those who participate in digital currency investment. This is understood as a unit of encrypted data stored on the Blockchain to represent a unique asset. Where each NFT will represent a unique file, they are not interchangeable.
Let’s review the 7 most potential and worth investing NFT projects/coins in 2021 that you should not miss!
II. Top 7 hottest NFT trends
1. Bored Apes Yacht Club
NFT enthusiasts can consider CryptoPunks to be the most prominent representative of the NFT market. But just as fashion is constantly changing, earlier this month a new contender for the NFT crown emerged into the NFT world which is Bored Apes Yatch Club Collection. This is an NFT series depicting apes in different facial expressions.
Owners of these NFTs Bored Ape use the tailless monkey as their Twitter avatar, so this is the status symbol, but these owners also get many additional perks: join the chat group Discord chat and keep other Bored Apes (including NBA star Steph Curry) to chat; limited products for Bored Apes owners (such as The Hundred and BAYC streetwear); and free NFT supplementary BAYC offered to Bored Apes owners, such as Mutant Ape Yacht Club (MAYC, Mutant Ape Yacht Club) and Bored Ape Hound Club (BAKC, Bored Ape Kennel Club).
2. NFTs have a long life
If you’re an NFT skeptic who isn’t thrilled with the idea of ape and penguin paintings selling for thousands of dollars, then this category may not be for you either.
EtherRocks is a series of 100 NFTs depicting images of rocks taken from royalty-free clipart. Apart from the color difference, they are all the same. However, these rock paintings were sold for more than $100,000 in early August. By the end of the month, it was trading for millions of dollars.
The popularity of EtherRocks is growing. First, these NFTs are inspired by the classic Pet Rock toy craze that prevailed in the 1970s. Second, they have a classic style because of their age. When NFT was born, it was one of the first non-fungible tokens created in 2017. With just 100 pieces available, they have become a hot asset among NFT collectors.
3. Collective World-Building: Loot
Following this is a trend that is currently being led by a single project, but it has had a huge impact and could prove to be very influential in the future.
Loot is an NFT project created by famous developer Dom Hofmann. Before Loot, Dom was the author of several other NFT projects such as Nouns with 5.3 million in revenue or Blitmap with equally valuable NFTs. Dom is also the co-creator of the popular video platform Vine. Therefore, when Dom launched Loot, it pushed the price of these NFTs up.
NFT Loot is really different from the common ground, it is simply a black background with white text listing a series of weapons and equipment in the fictional fantasy world. No art direction and no creative team to draw them, it seems to be the intention to create the highlight of the project.
Loot Bag #748, sold on OpenSea for about $954,000
Loot allows users to freely create and develop. Does it end up being like a complete fantasy game or a decentralized intellectual property?
It’s too early to tell, but the crypto community is buzzing about the possibilities plus the NFT Loot listing is in massive demand. For example, there was one that sold for $954,000 and the same trading volume of $159 million for a set of 8,000 NFTs.
4. Fragmented NFT
Fragmented NFTs have been around for a few months, but they have gained prominence in recent days.
While crypto billionaires are gleefully earning Bored Apes and CryptoPunks, those six- or seven-figure NFTs are out of the buying range of most average crypto users. But unlike traditional works of art, which are inseparable, we can now subdivide an NFT. Turning it into parts with a cheaper value will make it possible for ordinary people to buy.
Fragmented NFT makes it more affordable for more people
Many crypto users are now banding together in decentralized organizations (DAOs) that specialize in buying NFTs to gain access to this new asset class. They even forked the Doge meme for purchase, which originally inspired Dogecoin.
However, fragmented ownership comes with other risks. According to SEC Commissioner Hester Pierce, fragmented NFTs are too close to unregistered securities. Philipp Pieper, co-founder of Swarm Markets, said:
“Fragmentation allows many people to get a piece of the investment pie. However, companies that offer fractional NFTs to any investor may not realize the regulatory implications of doing so.”
5. NFT Gaming
Referring to the hottest NFT trend, it is impossible not to mention NFT gaming, a culture that is creating many turning points in cryptocurrency.
Ethereum-based Axie Infinity has quickly become the most prominent and successful crypto game. Axie Infinity has raked in over $1.6 billion in NFT trading volume since June – more than any other single NFT collection or project. This is a monster fighting game where the creatures themselves are NFT and they are even required to play the game. Players then earn crypto token rewards and may be enough to provide a living wage in some countries.
Axie Infinity is the most prominent and successful NFT game
Even with the total cost of buying ETH fees worth at least a few hundred USD, that still doesn’t stop the game from cooling down. It currently has over a million daily active users. No other crypto game can match Axie’s recent momentum.
Besides that, there are some standout NFT games such as fantasy football game NFT Sorare which has a rabid fan base. The upcoming 3D super model game The Sandbox has a lot of potential and prominent partners and investors.
6. The art of construction: Art Blocks
Believe it or not, a blockchain can not only store tokens that represent a deed of title to a work of art, but also actually create the artwork itself.
That is the premise of the growing NFT artwork-generated market. Where a script or algorithm stored on the blockchain creates a unique and one-of-a-kind work of art.
Many people are willing to pay a lot for Art Blocks
The Ethereum-based initiative includes a wide range of different artists, spanning a wide range of styles and approaches to artwork, and nearly all of which are on the rise recently. Art Blocks saw $583 million worth of trading volume in August alone as collectors created a frenzy of searches around and many were willing to pay a lot for it.
A single NFT Art Blocks from Dmitri Cherniak’s Ringers collection was sold for $5.66 million at the end of August to Starry Night Capital, a new NFT-focused investment fund founded by Three Arrows Capital. Earlier that week, a piece from the Tyler Hobbs Fidenza project was also valued at $3.3 million.
7. Big brands are buying NFT
Companies tend to come together to roll out their branded art products such as toilet paper rolls or tacos and mold them into NFTs.
But in this NFT boom, brands are doing something a little different and more interesting. It is that they are buying existing NFTs, rather than producing them themselves. Last week, Visa announced the purchase of CryptoPunk NFT for 50 ETH around $165,000 with the aim of adding it to its collection of historic trade artifacts.
On August 23, Visa announced on Twitter that it purchased the CryptoPunk NFT avatar #7610.
Cuy Sheffield, head of crypto at Visa, is bullish on NFTs and believes they will continue. “NFT is gaining momentum as a digital-first sports memorabilia,” he said in a statement. He added that Visa expects NFT “to have a large number of new use cases over the next few years.”
And Visa isn’t the only major company that has recently purchased NFT. Budweiser also purchased an NFT of its own. The beer giant changed its Twitter profile picture to a beer rocket NFT which they bought for $26,000, about 8 ETH at the time.
Budweiser bought the NFT in the picture and set it as his profile picture
Hopefully through this article you have had a better view of potential NFT coin projects in 2021 and opened up many new opportunities for you.
Ola City Global