NFTs have become increasingly popular, and people are rushing to get their hands on the most popular NFTs out there. NFTs are divided into collections which in turn are categorized based on their types and, of course, popularity. A collection’s popularity plays a huge role in how it sells out and the number of people interested in investing. People may as well get into the NFT game without even knowing what an NFT collection is. Or what is the whole function of creating a collection instead of selling each NFT individually? Let’s dig in.
Let’s dig right in. An NFT or Non-Fungible Token collection refers to an assortment of digital assets that are shown as unique tokens on a Blockchain network. A collection usually contains several unique individual NFTs created by an individual or a group of creators. Each item within the collection has the same artistic style, with minimal changes done to each one.
NFT collections have achieved major popularity in the world of art, giving way for artists to tokenize and sell their artistic creations to collectors directly with no need for secondary parties. In turn, collectors can now purchase and claim these digital assets. And in this way, they can prove their authenticity and ownership through the linked NFT.
Why Are NFT Collections Popular?
NFT collections became popular in the NFT space for multiple reasons. And some of them include:
- Digital Ownership: NFT collections provide a way for artists and investors to claim ownership of their digital assets easily. NFTs are verifiable proof of digital ownership in a space where digital content is easily copied and shared without crediting the right people.
- Exclusivity: In the world of collecting, people are often mesmerized by the idea of owning something rare or one-of-a-kind. And NFT collections are the digital means that offer many limited editions and rare items that prove their exclusivity.
- Artist Empowerment: Through NFT collections, artists can sell their artwork directly and without conditions. Previously artists had to rely on galleries and agents to sell their work. But now, with the presence of NFTs, they can just choose a secondary market and display their artwork for sale.
- Community and Engagement: NFT collections offer a sense of community that binds investors and artists together. Together both parties participate in events, collaborations, and form and a safe space to share ideas. This form adds a sense of community beyond the NFT investment itself.
Where To Find These Collections?
Finding NFT collections is the easiest thing about this whole process. Your answer is Secondary Marketplaces. There are several marketplaces you can visit. And some of them are:
- Opensea: Opensea is one of the biggest NFT marketplaces; it offers a wide range of NFT collections across multiple categories, such as collectibles, art, photography, and more. Moreover, it allows users to trade, buy, sell, and discover NFTs from various creators and collections.
- Rarible: Rarible is a decentralized marketplace where creators can mint and sell their NFTs. It includes various ranges of NFT collections, such as artwork, music, domain names, and many more.
- SuperRare: SuperRare is a unique marketplace focused on digital art. It includes limited-edition digital artworks created by artists, creating a platform for collectors to discover and buy unique NFTs.
The Top 5 NFT Collections
Of course, when we talk about NFT collections we can’t not mention the best ones out there. Like everything else in the world, some things flop, and some things make it big while others do just right. There are NFT collections that did better than others and are very famous on social media. Here are the top 5 NFT collections:
Bored Apes Yacht Club or BAYC
This collection is by far the best-selling NFT collection ever! Yuga Labs launched the project as a simple NFT collection before it went viral and formed a huge community of 10,000 apes. The Bored Apes started with a price of $190 per ape, but now each Ape costs around $80,000.
The Bored Apes represent their name in every way. Apes dressed like humans but with bored facial expressions, along with many skin changes and altercations make them more unique for the owner. Moreover, owning a Bored Ape gives you access to special events!
The CryptoPunks are the ones that started it all! Created by Larva Labs, these NFTs are made up of 10,000 24×24 pixelated characters with unique accessories. At the launch phase, the NFTs had a low price compared to now, where one CryptoPunk could reach a whopping $110,000.
The NFTs show male and female characters in pixelated images. But there are also special characters like zombies, apes, and aliens available as well. People everywhere flaunt their Punks because of their amazing and expensive price tag that could reach millions.
Azuki was launched in 2022 by Chiru Labs. It became the first anime-themed NFT collection and was up in the ranks with the big boys BAYC and CryptoPunks. Azuki’s popularity was skyrocketing and people were rushing to claim an NFT for themselves.
Azuki gives many privileges to its owners like exclusive access to their community “The Garden.” Along with access to merch and events and many more!
The Moonbirds NFT collection was created by PROOF collective, a private community of influential NFT owners in 2022. Just a week after minting the Moonbirds floor price reached 36 ETH which is approximately $100,000.
If you own a Moonbird, you’ll be eligible to enter an NFT-gated discord server. Where you will receive updates on events and future airdrops.
Mutant Ape Yacht Club
Another Ape Yacht Club is on the list. The Mutant Ape Yacht Club or MAYC has 20,000 NFTs which is double the amount of BAYC NFTs. Yuga Labs launched MAYC in 2021 with 10,000 NFTs selling out almost immediately.
While BAYC owners received the remaining 10,000 via airdrop. The secrecy that surrounded the MAYC launch helped increase the hype for it and proved to be a great strategy due to its success.
To become a MAYC community member you can either buy a MAYC NFT directly or buy a Bored Ape and proceed to inject it with a serum turning it into a mutant. A mutant is the same as a Bored Ape except for its mutant look, although the bored expressions are still the same.
So, What are your favorite NFT collections?