Top 5 NFT projects that continue making notable strides on Ethereum
Most of the top NFT projects are held on the Ethereum blockchain to revolutionize art and finance simultaneously.
Despite Cardano, Solana, and other blockchains being increasingly popular, Ethereum remains the big shot on-chain. Reasons being, Ethereum was the first blockchain network to hold smart contracts, making it easier for collectors to gain ownership of NFTs and transfers to be governed. Consequently, NFTs usually sell for higher prices than average on the network, making it an attractive choice for curators.
Check out these top 5 trending NFT projects that skyrocketed on Ethereum. All collections have continuously kept its places on OpenSea for 24-hour trading volume throughout the year:
CRYPTOPUNKS
CryptoPunks (C) continues to be one of the market’s most successful Ethereum NFT projects due to being the first of its kind. The creators, who go by the name Lava Labs, created the first-ever collection of PFP NFTs back in 2017 and soon reaped the benefits.
The project consists of 10,000 punk-like avatars with contrasting characteristics. The NFT images pixelate the faces of punk-looking characters to lightly make fun of social issues online, aka, people acting as punks on the internet while hiding behind computer screens. One of the rarest punks (Punk #7523) sold for $11.7 million due to only 10 of such types being up for grabs.
Laying the groundwork for today’s NFT business is another critical reason for the project’s popularity, alongside having numerous well-known shareholders, like rapper Jay-Z and influencer Gary Vaynerchuk.
CryptoPunks floor price today is $67,971.49, with a 24-hour sales volume of 864.53 ETH and a market cap of $679,646,940.05.
BORED APE YACHT CLUB
Bored Ape Yacht Club’s (BAYC) collection of NFTs is by far one of (if not) the most famous and controversial NFT projects in the space. Yuga Labs created the project in April last year, and it has reached higher heights since.
BAYC is a collection of 10,000 grungy apes with numerous characteristics—some rarer than others. For instance, only 5% model red fur, and an additional 3% wear biker vests.
But, what’s all the fuss about?
Bored Ape’s, like most other NFTs, are about the benefits behind the project rather than the art. Enticing collectors to purchase such apes includes access to the project’s private Discord server, where upcoming project news is revealed. Other collectors hang out to talk about all things ape and crypto-related.
Making the digital assets all the more appealing, many celebrities purchase these NFTs, including Snoop Dogg, Justin Bieber, Madonna, Timberland and Steve Aoki.
The floor price for Bored Ape Yacht Club is $89,251.73, with a a 24 hour sales volume of 826.78 ETH. The NFTs are held by 6420 unique owners, showing a total market cap of $892,517,255.08.
OTHERDEED FOR OTHERSIDE
Otherdeed for Otherside (OTHR) NFTs is one of the most recently famous collections for top trading. And it is no surprise, as it’s the creators of Bored Ape Yacht Club—Yuga Labs—most recent project.
The collection of digital assets hands the keys to Yuga Labs’ metaverse, Otherside, which APE token holders can also explore.
Otherdeed is a multiplayer online role-playing game and Web3-enabled virtual world. Thus, collectors can join a community full of like-minded people while having the chance to earn cryptocurrency. As the metaverse continues to develop and players explore, treasures are opened up for players to win. Regarding what? Nobody knows. The mystery behind the project is what keeps collectors enticed.
The floor price for OTHR is $2,859.10, and the project has a 24-hour sales volume of 711.68 ETH. As of today, its market cap is $285,910,462.20.
AZUKI
Azuki, created by Chiru Labs, is a collection of more than 10,000 Anime-styled profile pictures on the Ethereum blockchain.
The project released its first lot of Azuki NFTs in January, resulting in a profit of $29 million just three minutes after the launch.
Collectors found the collection of digital assets appealing over gaining access Azuki’s metaverse, The Garden. Other reasons for the project’s popularity include the NFTs fast and efficient minting process, and a sensible sales model.
To date, Azuki has a floor price of $9,712.14, a 24-hour sales volume of 200.65 ETH, and a total market cap of $97,121,407.30.
MOONBIRDS
Moonbirds is a collection of 10,000 pixelated owls minted on the Ethereum Blockchain. The collection consists of cute avatars with opposing personalities. The rarity of one warranted a sale of 265 ETH ($2,935.44) alone.
Collectors of Moonbirds gain access to Proof Collective’s ecosystem, where other collectors and Web3 enthusiasts join to discuss the future of Web3.
With the proceeds from the collection, the curators have also promised to build a metaverse, Project Highrise, which all Moonbird holders can access.
Today, the project’s floor price is $20,170.98, with a 24-hour sales volume of 359.88 ETH. Moonbirds total market cap is $201,709,801.65.
FINAL THOUGHTS
Although most of these projects are extremely expensive, it’s important to note that they are the top of its kind. Many other NFT projects are circling the space that cost significantly less and can potentially assist toward a financial gain in the future.
Check out OpenSea, the world’s first and largest web3 marketplace for NFTs, to find the right digital asset for you.
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