Top 3 NFT Projects That Investors And Art-Lovers Can Still Get Their Hands On!

The world of digital art and collectibles has suddenly found itself amid an upsurge with the rise of the NFTs. NFTs or Non Fungible Tokens have ensured that digital artists get a new lease of life and investors another domain to pour in their wealth and multiply it. While NFTs have shown enough promises to expand so far, the moot question is which NFT to invest in.

With the advent of Non Fungible Tokens, the world of cryptocurrencies is once again a buzz with expectations. NFTs provide ownership for one-of-a-kind assets, which is of great benefit to original creators and owners. NFTs are also a new form of investment that has earned the attention of high net income individuals and professional investors. NFTs have been able to register multi-million dollar sales on NFT exchanges over the past few months. The top 3 NFT projects that are currently making waves are CryptoKitties, CryptoPunks, and CryptoClovers.

#3. CryptoKitties

CryptoKitties is a blockchain game based on Ethereum and was developed by the Canadian development studio Dapper Labs. The game allows individuals to purchase, sell, and breed virtual cats. CryptoKitties is considered one of the earliest applications of blockchain for entertainment and leisure. Ethereum, on account of the popularity of CryptoKitties, got choked because of the high amount of transactions. It also got slowed down considerably.

The popularity of CryptoKitties has added it to the group of most expensive digital collectibles in the world of NFTs. Records have shown that individual CryptoKitties have sold for more than $300,000. However, on average, CryptoKitties is being sold at $65.76 per piece. In 2019, OpenSea, the store for sale and exchange of CryptoKitties, declared a seed equity fund of $2 million coming also from Silicon Valley investors. It also included Peter Thiel’s Coinbase Ventures and Blockchain Capital. Powered by these investments, OpenSea ratcheted up sales worth $500,000.

The attraction of CryptoKitties lies in the fact that it was the first real-time instance of blockchain being used for applications other than financial transactions and banking. It has approximately 1.5 million registered users, and they are responsible for transactions worth $40 million. The best part of the NFT is that each of these kitties is wholly owned by its buyer. As with the nature of an NFT, it cannot be replicated, stolen, or destroyed. Genesis remains the highest-selling cat to date.

ERC-721 is the token standard that represents CryptoKitties on Ethereum. It is also relevant to remember that new CryptoKitties are created by breeding the existing ones. It makes transactions even more attractive. There is also a limited number of cats that can be allowed to go into circulation. Hence, there are not more than 4 billion cats that users can breed. Each cat is also a visual delight with its characteristic phenotype. The innovative contract stores the immutable genes or genotypes. These cats do not have an assigned gender and can act as both male or female. There is also a locking period before which nobody can breed a cat.

It provided a window of opportunity to investors who believed in using blockchain for various functions. Despite the rising stature of CryptoKitties and expensive unit price, analysts believe that the price will further increase, and now might be the correct time to trade in it.

#2. CryptoPunks

CryptoPunks is also considered one of the first of its kind and probably the first NFT to appear on the Ethereum blockchain. It was developed at the American development studio Larva Labs, whose leading developers were Canadians Matt Hall and John Watkinson. The creators drew inspiration for CyperPunks from the punk scenes of London and the bestsellers written by William Gibson, namely Neuromancer, Johnny Mnemonic, and Blade Runner. Daft Punk, the iconic electronic music band, also served as a motivation. CryptoPunks, because of its unique nature, caught the imagination of investors who were willing to invest in the newly devised world of digital art and called it the digital Warhols. It was akin to a blue-chip investment.

One of the reasons for the popularity of CryptoPunk is the limited numbers. There are only 10000 of them, 6039 males and 3840 females; No two characters look the same. When CryptoPunks was released, it was free, and anybody with an Ethereum wallet was eligible to transact. However, blockchain ensured that there would be no more than 10000 of them. Being the first NFT on Ethereum, it was the premise for the ERC-721 standard, which powers most digital art and collectibles today.

CryptoPunks are divided into three categories and are differentiated by their color. The ones that appear with a blue background are not for sale, the red background ones are up for sale, and the ones with the purple background have an active bid on them.

CryptoPunks made the right noises when it sold art portraits for $16.9 million. It is next in the record after the sale of the digital art created by Beeple for $69 million. These two sales indicated the opportunities that NFTs offered investors and artists. CryptoPunks is being sold at 15.45 ether or $30,412.40, pushing the total sales to 127,360 ether or $251,620,000. While these numbing figures talk of the power of the CryptoPunks, there is still much scope left for it to rise even further, and one day it could become costlier than Mona Lisa. For investors looking for greener avenues and art as an investment vehicle, CryptoPunks is indeed a great way to utilize wealth. However, again the question remains if common investors could afford it even at its current price.

One of the reasons for the popularity of CryptoPunk is the limited numbers. There are only 10,000 of them, 6,039 males and 3,840 females; No two characters look the same. When CryptoPunks was released, it was free, and anybody with an Ethereum wallet was eligible to transact. However, blockchain ensured that there would be no more than 10000 of them. Being the first NFT on Ethereum, it was the premise for the ERC-721 standard, which powers most digital art and collectibles today. CryptoPunks are divided into three categories and are differentiated by their color. The ones that appear with a blue background are not for sale, the red background ones are up for sale, and the ones with the purple background have an active bid on them.

CryptoPunks made the right noises when it sold art portraits for $16.9 million. It is next in the record after the sale of the digital art created by Beeple for $69 million. These two sales indicated the opportunities that NFTs offered investors and artists. CryptoPunks is being sold at 15.45 ether or $30,412.40, pushing the total sales to 127,360 ether or $251,620,000. While these numbing figures talk of the power of the CryptoPunks, there is still much scope left for it to rise even further, and one day it could become costlier than Mona Lisa. For investors looking for greener avenues and art as an investment vehicle, CryptoPunks is indeed a great way to utilize wealth. However, again the question remains if common investors could afford it even at its current price.

#1. CryptoClovers

CryptoClovers is a collection of digital art that is saved on the Binance smart chain. It is represented by the four-leaf clover and has 999,999 digital art pieces in its collection. The CryptoClovers collection is considered the world’s most extensive collection of digital art, a position which is under active evaluation by the Guinness World Records. This fact, accompanied by the complexity of the Quadrifolium Scarcity Project, has forced analysts to think about the reach and prospects of CryptoClovers. They are unanimous with the notion that it is on the path to becoming the world’s most expensive NFT collection, having a community rivaling that of CryptoKitties and CryptoPunks.

Why Are CryptoClovers Great NFTs To Invest In?

There are four prime reasons for CryptoClovers to be one of the best vehicles of investment: being a new entrant, its uniqueness, earning potentials, and royalty opportunities for all, besides:

  1. It is completely new on the market and the prices are still affordable. CryptoClovers is also considered a haven for artists, investors, and collectors alike. Blockchain ensures that the entire transaction is safe and secure and the ownership is intact and not tampered with no matter how many times the art may be reproduced. Collectively, CryptoClovers has proved to be an ideal diversion from the more expensive CryptoPunks and CryptoKitties.
  2. 2. CryptoClovers are the first non-fungible lucky tokens that appeared on the scene in 2021. CryptoClovers represent the concept of four-leaf clovers on the blockchain, which are always seen as a symbol of fortune. There is also the presence of the four-leaf clovers, which is believed to bring good luck. The peculiar clover is the design in which the art collection is saved and is indeed a major aspect that attracts the fancy of investors and collectors. Those willing to expend them are in for a treat since CryptoClovers are pretty affordable for the time being. It is still moving up the ladder and is nowhere as pricey as its earlier predecessors. However, given the propensity to have NFTs with unique themes, it is highly likely that CryptoClovers will be the brightest star in the NFT sky soon.
  3. CryptoClovers, as mentioned earlier, has the world’s most extensive collection of digital art. It is the second and perhaps the most appropriate reason for CryptoClovers being the new talked-about NFT in the market. However, one has to understand that investing in CryptoClovers is a long-term affair. Art forms by nature are long-term investments. An investor will have to give time for its value to build up and get the best price while selling it. Collectors, on the other hand, have an immense appetite for absorbing masterpieces. Both require tremendous patience and effort.
  4. Royalties: The primary reason behind the rise of CryptoClovers and its global adoption is the importance it provides for royalty owners, creators, and collectors. Minters or primary collectors of CryptoClovers will earn royalties, giving them a source of passive income each time the artwork is sold and resold.

Final Words

CryptoClovers is an ideal investment vehicle though CryptoPunks and CryptoKitties are in no way inferior. However, given the prices per unit of the latter two NFTs, investments should be prudently diversified. CryptoClovers is the new NFT on the block with rock bottom prices and immense possibilities. Also, purely from the artists’ point of view, it is a wonderland for art lovers and a must-visit for those who collect them.

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