Non-fungible Tokens or NFTs are the words you must have heard on the internet. The buzz is real as the sales of these digital assets created an all-time high of $411 million in August last year. The data from nonfungible.com shows that the total volume of trade has crossed over $24 billion in volume with over 49 million transactions. Given the huge potential and intriguing rewards, people love to get their hands on the new NFT projects to earn exponential gains.
NFTs are a great addition to the crypto market and they have attracted a lot of investment. Just look at the statistics that show how the market cap of NFTs rose from $100 million in 2020 to $23 billion in 2021. NFT space is reshaping the world by altering the existing business models. NFT universe saw an explosive expansion in the last year. This expansion has brought hundreds of new platforms and projects on the scene. Knowing that the NFT universe is immense and ever-expanding, suppose that you purchase an NFT to which you can relate. In this case, you will be getting more out of the NFT purchase than simply digital ownership of the NFT. In this article, we have listed the top 5 NFTs that are hot in March 2022.
Axie Infinity:
Axie Infinity is a layer2 protocol that offers NFTs with a trading volume of over $4 billion, play-to-earn blockchain games with daily active players of 1.5 million, and tokens with over $2,853,538,692 MarketCap. Axie infinity uses axis avatars as NFTs to battle in the game and the game runs on play to earn model. Just like the old Cryptokitties, Axies are breedable creatures that live on Ethereum and Ronin blockchain.
Coming to NFTs, there are 283.8K Axie infinity NFTs listed on Opensea. Though there is no floor price mentioned, the trade volume of these NFTs is over $27.5.
$AXS is the native token of the Axie Infinity ecosystem which is now trading at $46 in a bearish market. AXS has strengthen its price floor through strong tokenomics and play-to-earn game model. AXS is used in MarketPlace, governance token, and game rewards.
Decentraland MANA:
Ethereum based (ERC-20) Decentraland MANA is an AR (augmented reality) based metaverse project that allows people to interact in virtual reality. Decentraland MANA offers a virtual real-estate opportunity where people can buy land and use it to host events and concerts, make hotels and casinos, and even use it as NFTs with proof of ownership certification. The community-owned ecosystem encourages creators to create scenes in the digital realm and monetized their lands for lucrative rewards.
$MANA is an ERC-20 token on Ethereum blockchain which is used as fuel in the Decentraland MANA. This token is used as native currency to buy lands, pay fees, and trade on Marketplace. You can check the upcoming Decentraland MANA here to prepare in time to bag your profits. MANA has a rich ecosystem that includes Play to earn games, Decentralized Autonomous Organizations, Metaverse, NFTs, and Crypto token with $4,306,069,483.
Is Decentraland MANA a good investment? As stated earlier, MANA has a rich ecosystem so basically, we have the option to invest either in MANA tokens, NFTs or Metaverse Land. NFTs and lands of Decentraland MANA are expensive choices to go however, the MANA token is one of the top cryptocurrency tokens with a huge MarketCap and trades near $2. NFT collection of Decentraland has a floor price of 4.14 ETH, there are 97.7k NFT items according to Opensea.io.
Bored Ape Yacht Club:
Bored Ape Yacht Club appeared as one of the top-grossing NFT collections and this name is not fading away anytime soon. Living on Ethereum blockchain (ERC-20), Bored Ape Yacht is a membership-based NFT collection of 10,000 Apes. Bored Ape Yacht NFTs are generated through a custom algorithm with 130 traits which includes headwear, clothing, and even expressions. Bored Ape yacht has a floor price of 80 ETH. This means the cheapest BABYC NFT will cost you around $20812 with the current price of Ethereum ($2572).
Bored Ape Yacht Club followed the fair launch approach by allowing everyone to participate in the public sale and all NFTs were sold at the same price of 0.08 ETH. And now that the floor price is at 80 ETH, even the cheapest Ape NFT has risen over 1000 times. That’s a huge growth and the active community and upcoming events of this project, the price will keep making new highs in the future. Though BABY is an expensive choice, it still has the potential to grow, and if the current buzz continues investors can make some good grands.
Along with other benefits, only those wallets have an exclusive acess to Bathroom (a hang out place) which own atleast one BABYC NFT. It’s more of virtual canves where people can draw whatever they see fit.
NFTrees:
NFTrees is an MMORPG (Massively Multi-player Online Role-Playing Game) that comes with a MOBA-Style combat system. NFTrees is a collection of 420 trees that can be planted inside the game where players grow the trees and sell the fruits to earn passive income. The project is supported by mainly three collections on Opensea.
The floor price of NFTrees is 15 ETH which is already huge and the traded volume exceeds over $2.8k. NFTree #87 is the most expensive in the collection and it’s worth 199 ETH.
CyberBrokers:
CyberBrokers are relatively newer in the market yet have a trading volume of over $17,000. This amazing collection has 10,000 anthropoids NFTs with intermixing the ape characteristics. These CyberBrokers appear as first of its kind art by Josie Bellini an NFT veteran. These on-chain CyberBrokers NFTs have a floor price of 2.89 ETH. CyberBrokers rank first in the Opensea top collection over 7 days.
While getting into NFTs, one must do deep research and never trust a single source to pour the money in. NFTs have value until they are in news, once they get off the sight they start losing their value, and that’s probably the reason why Cryptokitties and Cyberkongz are not part of our today’s list.