#5 NFT PROJECTS YOU SHOULD KNOW ABOUT

In case you missed the tagline, I’ll ask you again. Do you know that while you’re still contending with yourself to believe the message of the NFTs as a revolutionary idea spreading like a harmattan wildfire, hundreds of NFT projects are getting started up? There are currently thousands of projects making waves in the NFT space, putting smiles on a lot of people’s faces, and adding weight to their wallets.

Let’s take some time to analyze five remarkable projects amongst many that have proved themselves worthy of investing in.

1.    Bored Apes

They are officially named Bored Apes Yacht Club (BAYC), ranking #1 on rarity.tools. It collects 10,000 Bored Ape NFTs as unique digital collectibles living on the Ethereum blockchain. The project is designed so that the NFTs are not only known as artworks but also known to represent the digital identity of each owner, giving them access to the digital space where they are entitled to yummy benefits and offerings.

The idea of BAYC sprung up from something near and dear to the heart of many NFT collectors, which is the dream of ultimately making success in their NFT investments. The story of BAYC is based on a simple premise; after “aping in” to NFT projects over the years, all the apes are wandering the swamp, bored, without anything left to conquer. More than granting access to an exclusive club, this concept spoke to many in the NFT world. And to the surprise of many who thought BAYC has been in the game for as long as its counterparts, it got launched on April 23, 2021, and has seen $589 million in NFT trading volume, maintaining a floor price of 87ETH. With 21.751 sold NFTs, the average Bored Ape marks a $27.079 price tag over its lifetime. Recently, the legend and former Chelsea club captain John Terry bought an NFT from the BAYC collection. Meanwhile, the most expensive Bored Ape NFT so far was sold for $2.91 million. It will interest you to know that BAYC was created by four friends who set out to make dope apes, test their skills, and build something not ordinary.

2.    CryptoPunks

Why are Crypto punks so respected among the tons of NFT projects in the space? One of the biggest drivers of demand for CryptoPunks is that they’re one of the oldest NFT projects around and are the first set of randomly generated profile pictures that could get along with the crypto community. Crypto punks follow BAYC in terms of popularity, maintaining the fourth position on rarity rankings, with alien CryptoPunks known to be among the most expensive NFTs sold to date. CryptoPunks have some high-profile owners, too, such as rapper Jay-Z, YouTube personality Logan Paul and tennis champion Serena Williams. They are 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain.

The CryptoPunks are algorithmically-generated 24x24 pixel art images of punky-looking guys and girls. Still, a few rarer types are mixed in, such as Apes, Zombies, and even the odd Alien. Every punk has its own profile page that shows its characteristics as well as its ownership/for-sale status. The project was launched on June 2017 by the Larva Labs studio by a two-person team consisting of Canadian software developers; Matt Hall and John Watkinson. Do you even know that the most expensive CryptoPunk sold to date went for $11.8 million worth of ETH in June 2021 in a Sotheby’s auction to Shalom Mackenzie, the largest shareholder of DraftKings? The floor price currently trades below 80ETH, while it has traded up to 850.3k ETH in volume, a little less than that of Bored Apes.

3.    Pak

Pak is an omniscient designer/developer/wizard, one of the leads of the design scene as the founder of Undream, and one of the prominent social media figures as the creator of Archillect, the synthetic curator. Pak understood that what defines the value of an artwork is beyond being a file, came up with “The Title” idea, and pushed past the standard format to conceptualize and question where the real value of an artwork lies. Pak’s first NFT, “Cloud Monument Dark,” was released on February 3, 2020, on an NFT marketplace known as SuperRare.

In August 2020, Pak released project “X” on NiftyGateway, an “open edition” sale of NFTs with a scarcity mechanism based on time rather than volume. Thirteen NFTs were offered for sale in multiples for a window of twenty-four hours. Pak’s drive to innovate can be seen in the ‘X’ collection - using a unique ‘infinite edition’ format, and now collectors can choose to buy as many artworks as they want to for one day. One of Pak’s arts was recently sold for 16,593 ETH ($52.7 million), putting it among the most expensive NFTs ever sold. However, its most populous work is the one titled “Clock,” sold to support funding for the legal defense of Julian Assange, who currently faces 18 criminal charges in the U.S. Interestingly, Pak has sold more than 250,000 NFTs for $91.8 million on Nifty Gateway, tagged the “largest-ever art sale by a living creator” by the marketplace.

4.    World of Women

WoW’s vision is to build an inclusive web3 through its collection and community and create opportunities for anyone worldwide to be owners, creators, and contributors in this new era of the web. When the World of Women initially launched on July 27, 2021, its goal was to bring more awareness to women and diversify the NFT space. One vital part of WoW’s mission is to support one-of-one artists. WoW has supported numerous artists and even has a nice NFT collection of their own, supported by the WoW Fund.

WoW developed 10,000 randomly generated digital collectibles of various rarity living on the Ethereum blockchain as ERC-721 tokens and hosted on IPFS. This collection consists of unique, cool, and diverse women ready to leave a mark in the NFT space. The total sales volume for World of Women was $2.57M, with the average price of one WoW NFT being $24.5k. There are 5,103 World of Women owners, owning a total supply of 10,000 tokens, making WoW one of the most sought-after female-led NFT projects in the space. WoW has continually provided value to their NFT holders and others in the NFT community and beyond.

5.    MoonBoyz

The Moon Boyz collects 11,111 unique ERC-721 tokens living on the Ethereum Blockchain. They are unique and 3D-designed, and each NFT comes with a full membership to an ever-growing community and awesome utilities. MoonBoyz’s mission is to invent a movement of people who believe in the future and are willing to take a chance on bold new ideas.

The Moon Boyz seeks to offer unending opportunities to connect and live the dream in physical space, virtual space, and ultimately outer space. This project has a record of 3,600 unique owners, with the floor price trading at 0.067ETH and a trading volume of 1,500 ETH. Currently, there are 3,612 The Moon Boyz owners, owning a total supply of 11,110 tokens.