Howdy, everyone. It’s Matt back in action.
Last week I introduced you to the top 3 NFT marketplaces.
Today, we’ll take a closer look at three of the most popular NFT projects. Marketplaces can list a wide variety of projects for sale. We’ll focus on the individual collections known as projects.
These projects took off like rockets, generating similar trading volume as some of the most popular marketplaces.
Let’s look at what they offer and why they have the potential to moon jump again and again.
3 Popular NFT Projects
CryptoPunks ranks as the largest NFT collection according to OpenSea, coming in at $2.2 billion in trading volume.
They’re unique, collectible tokens that live on the Ethereum blockchain.
Matt and John of Larva Labs created CryptoPunks almost five years ago as an experiment in digital art. Punk buyers came to strongly identify with their punk identities.
The creators then decided to launch Meebits with the specific purpose of avatar use in mind. Meebits have traded around $227 million in volume according to OpenSea.
Crypto Punks and Meebits were recently acquired by Yuga Labs — more on that deal below!
2. Bored Ape Yacht Club
Bored Ape Yacht Club is a limited NFT collection where the token doubles as a swamp club for apes.
Yep, really. I mean, don’t you want to chomp on a chest full of delicious golden bananas … in the virtual world? Only virtual effects that way.
According to OpenSea, more than $1 billion worth of Bored Apes have been traded, ranking them as the second-largest collection by trading volume.
BAYC’s creator, Yuga Labs, just acquired the CryptoPunks and Meebits collections from Larva Labs.
And here’s the really exciting part: Yuga Labs will grant full commercial license to CryptoPunks and Meebits holders.
They previously granted Bored Ape Yacht Club holders full license to use the images, and entrepreneurs, brands, and celebrities quickly launched Bored Ape-branded enterprises.
3. Cool Cats
Cool Cats strutted onto the NFT scene humbly but quickly grew into a coveted collection.
It turns out cat popularity goes beyond social media memes and adorable Roomba-riding videos.
Cool Cats hatch from an egg and grow into their full form with your TLC. There’s a cool 9,999 of them. They’re randomly generated and stylistically curated, living on the Ethereum blockchain corner.
Cool Cat holders get to participate in exclusive events like NFT claims, raffles, community giveaways, and more.
But let’s be real: Being a cat thing is enough of a draw for some people. You had me at meow.
NFTs have a ton of potential for savvy traders. The key is doing your research and trying to figure out what makes a project take off while others sit on the sidelines.
It’s still a newer industry and there’s plenty of room to grow. That’s the exciting part.
With a bit of creativity and research, NFT projects present fresh new opportunities in an exciting new world. The digital art era.
The smart way to stay on top of the ever-changing NFT landscape is to join me in the Crypto War Room. I share the latest trends, explain what’s influencing them, and break down the art of trading NFTs into simple, easy-to-understand concepts.