What Is an NFT Collection?
you’ve got the option to check out our in-depthnon-fungible token explainerto learn more about NFTs.
These items are stored individually on the blockchain.
Image Credit: Marco Verch/Flickr
Also, the price of one NFT increases as more people want to buy others within the collection.
These NFTs can be purchased using cryptocurrency and sold on the open market.
5 Top NFT Collections Revealed
Do you want to tap into the NFT industry?
Screenshot by Oluwademilade – No attribution required
Here are the top 5 collections you should know about.
Many would even call them the poster child of NFTs.
As of March 2023, they cost about $80,000.
BAYC NFTs are mostly cloth-wearing apes with weird expressions.
Each profile picture is unique, some rarer than others, making the latter more expensive.
2.CryptoPunks
Comprising 10,000 unique 24x24 pixelated characters, CryptoPunks is among the oldest NFT collections.
They were created by Canadians Matt Hall and John Watkinson, working at Larva Labs.
When the collection launched in June 2017, the CryptoPunks were almost free for anyone with an Ethereum wallet.
As of March 2023, CryptoPunk NFTs sold for over $110,000.
CryptoPunk NFT sales have crossed the $1bn mark and are still rising.
3.Azuki
Chiru Labs launched Azuki in Los Angeles by Chiru Labs on January 12, 2022.
Though not as expensive as some pioneer NFT collections, Azuki’s popularity is almost unmatched.
Screenshot by Oluwademilade – No attribution required
The creators put up 8,700 collectibles for sale after the launch and sold out in four minutes.
The nine NFTs fetched $2.5 million.
And that’s not all.
Azuki also offers its NFT owners non-exclusive rights to commercial use.
This means you could print your NFT on merchandise and sell it online.
The PROOF collective, a private community of influential NFT owners, created the collection.
A week after minting, the floor price surged to around 36 ETH, valued at over $100,000.
Moonbird broke a lot of records in its first week after launch.
Ownership of a pixelated owl Moonbird NFT grants you perks.
First, you’ll receive intellectual rights over your Moonbird NFTs.
Also, Moonbirds offer “nesting” benefits to their owners.
Nesting involves “locking up” your NFT in your wallet.
MAYC has 20,000 art pieces, double what BAYC has in its collection.
Yuga Labs created the MAYC collection on August 28, 2021.
10,000 MAYC NFTs were sold, while the remaining were randomly airdropped to Bored Ape owners.
The public sale was a stealth drop, as a precise launch time was not announced.
There are two ways to become a member of the MAYC community.
A mutant is a jacked-up, edited version of a Bored Ape that maintains some of its original features.
Purchasing a serum and mutating a Bored Ape doesn’t make you lose your NFT.
Instead, you will now own the original Bored Ape and a Mutant Ape!
What’s Your Favorite NFT Collection?
The prices of NFTs started to dive after the 2021 rush.
But even with all these, there are still successful NFT projects.
Given crypto’s volatility, NFTs might become the next best thing again.
