Certain tokens that are not fungible have beaten cryptocurrencies such as bitcoin, Ethereum and Dogecoin over the last few months. celebrities such as Jimmy Fallon, Jay-Z and Justin Bieber have bought NFTs and showcased them on their Twitter pages which has increased the demand for tokenized art that is limited edition.
The most sought-after NFT purchase of previous calendar year Bored Ape Yacht Club has released their first batch of NFTs in the spring of 2021. It took over a whole day to sell at just $200 per piece The cheapest Bored Ape currently for sale is estimated at $400,000! This is not all, Ape holders were given airdrops Mutant Apes and ApeCoin for just having their own Apes that is an additional $250,000+ in earnings. While the majority of NFTs don’t have similar results however, this is a great illustration of how lucrative NFT investment can prove if executed correctly. Find out about NFT trend and the best way to begin investing now.
Best NFT Projects
It’s essential to conduct your own research prior to making a decision to invest in tokens that are not fungible. They can be difficult to appraise, and a lot of NFTs aren’t liquid, which means that you could have a difficult selling your collection in the near future. Simply because something is an NFT does not mean it is worth the price There must have some kind of utility to make it a valuable collectible. It could be access to events, discord group or even art that has well-established clout within the NFT community. Certain, numerous NFT projects will be unsuccessful and leave investors with a useless JPEG.
CryptoPunks – Larva Labs
The CryptoPunks token was created by the year 2017 to be one of the first non-fungible tokens to be launched on Ethereum. Every punk was created algorithmically and the collection was restricted to 10,000 punks. Human Punks are the most popular however, there are also other kinds of Punks. There are 9 Alien Punks and 24, Ape Punks and an 88 Zombie Punks. The Alien Punks have brought in more than $10 million dollars in auction.