Most Interesting NFTs – Explore Your Options
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You must have heard a lot about cryptocurrency and non-fungible tokens (NFTs) over the past few years. The popularity of NFTs is soaring, and some of the most popular NFTs have been sold for millions of dollars. While some works of NFT art have been auctioned at Christie’s, many others have been sold to raise money for charity. NFTs will remain mainstream in the years to come, and the numbers prove their popularity. According to bitcoin.com, NFT transactions amounted to $1.7 billion in December alone. It reported the highest Bitcoin NFT sales, followed by Ethereum NFTs. If you are wondering what the hype is all about, read ahead.
In this article
What is an NFT?
An NFT, or non-fungible token, is a digital asset representing ownership or proof of authenticity of a unique item or piece of content using blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged one-to-one, each NFT is distinct and cannot be replicated.
Each NFT has unique information or attributes that differentiate it from other tokens. This uniqueness is often tied to digital or physical assets, such as digital art, music, videos, virtual real estate, in-game items, or other forms of creative content.
NFTs often leverage smart contracts, self-executing contracts with the terms of the agreement directly written into code. Smart contracts can include programmable features, such as royalty mechanisms for creators on secondary sales. NFTs can be bought, sold, and traded across various online marketplaces. They are interoperable, allowing users to showcase their digital assets on different platforms.
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Most interesting NFTs of 2024
The NFT marketplace is full of unique projects. If you want to buy NFTs, here are a few interesting NFT projects for 2024.
Doodles
Scott Martin, Evan Keast, and Jordan Castro founded the Doodles NFT collection. It has 10,000 NFTs, each with unique traits. The collection is a colorful doodle with animals, animated skeletons, aliens, spacecraft, and human-like figures.
Investing in the collection gives exclusive access to a range of new products and hosted events. Like all the other NFTs, it runs on decentralized governance, and you can vote on the important products, meetups, or features.
Women Rise
A Pakistani-American artist and published author, Mariah Abidi, has created the Women Rise project to bring inclusion and diversity to the NFT industry. To achieve this goal, the NFT consists of more than 10,000 computer-generated pieces of digital art.
Each piece is unique, depicting women as coders, activists, scientists, and other professionals of different backgrounds and nationalities. Once you invest in it, you enjoy ownership perks, too.
With a 100 Women Rise NFT, you will get a free copy of the book “RISE: Extraordinary Women of Colour Who Changed the World” detailing the extraordinary stories of 100 women from across the globe.
Moonbirds
Kevin Rose and Justin Mezzell, cofounders of Proof Collective, have developed Moonbirds. It has built a collection with community and utility at its center, and each NFT is a key to exclusive meet-ups, events, and upcoming projects.
The collection has more than 10,000 NFTs, and it features cartoon owls with different traits that make them unique. Some pieces in the collection also feature robotic owls and skeleton owls, making it even more interesting.
The token is a PFP or a profile picture, and when you buy an NFT, you will get a thumbnail image that can be displayed on the social media profile.
Flyfish Club
Founded by David Rodolitz, the Flyfish Club is a unique NFT project that is also the first in the world to represent a private dining club. Owners can then buy memberships through the NFTs. The membership will give you access to the three-floor, 11,000-square-foot lounge and restaurant at the center of the Flyfish Club, located in New York City.
You will see an extensive menu featuring international seafood creations from some of the best chefs. However, this NFT collection is limited to only 2,650 members. Only 385 Flyfish Omakese members will get access to the private sushi room, which serves fresh fish brought daily from Japan. The NFT collection also has digital artwork which showcases sushi and fish. The NFTs are minted, and the tokens are available on the secondary market. Related: How to Invest in NFTs – A New Way to Profit
VeeFriends
A well-known member of the business community, Gary Vaynerchuk, has developed the VeeFriends project. The collection has a range of abstract sketches of animals like fish, bats, birds, cheetahs, and ladybugs, and each one comes with a colorful background and a unique touch.
As a VeeFriends collector, you will not only own crypto-collectibles, but the NFT will work as a key to their community, and you will get three years’ worth of tickets to the exclusive event known as VeeCon.
Crypto Goonz
A developer named “@SeanTat2s” has worked on Crypto Goonz, a collection of 6,969 NFTs that depict cartoon goon characters. The idea behind the project is to bring the NFT community together and give back to the society that supports the project. It has evil-like versions of some of the most loved cartoon characters.
Fan Controlled Football
Grant Cohen, Patrick Dees, and Sohrob Farudi have founded Fan Controlled Football, and a former professional football player, Ray Austin, is a commissioner on this team. This NFT is based on a real-life arena football game where fans can call the shots and vote on the plays. This project will unlock the ability to manage a real-life football game.
DeGods
Created by Dust Labs, DeGods is an Ethereum NFT featuring ancient deities dressed in modern streetwear. The project has more than 8,900 digital avatars with unique attributes and is known for taking a different approach to mythological deities.
It was originally minted in 2021 and has seen immense growth since then. When you invest in the NFT, you get access to a community and tokens and stake rewards.
Axie Infinity
The brainchild of a Vietnam-based company, Sky Mavis, Axie Infinity is a metaverse game based around the colorful creatures known as Axies. They can build, hunt, and battle for treasure. The NFT collectors can also breed the Axies to create new NFTs, and all the NFTs are bright, colorful creatures that look like a mix of cats and birds with unique traits.
Bored Ape Yacht Club
A well-known name in the NFT industry, Yuga Labs has created the Bored Ape Yacht Club Collection. It already has over 2.8 million daily active players and has garnered the attention of several celebrities.
Mainstream music labels have picked up some of these NFTs, and the collection also acts as a key to the exclusive club with a range of benefits. The NFT collection depicts cartoon apes, and every ape in the collection comes with a wide range of traits, including background colors, facial features, and headgear.
Autograph.io
Known for Tom Brady’s NFT platform, autograph.io has partners including Tiger Woods, Wayne Gretzky, Simon Biles, Tom Hawk, Naomi Osaka, and Derek Jeter. The project is centered around sports and sells top athletes' NFTs. It allows fans a chance to show support to their favorite athletes. The community members can build their collector scores by owning these digital cards.
Invisible Friends
Markus Magnusson developed Invisible Friends, and it has 5,000 invisible animated characters. Each character shows a different combination of traits like background color and clothing and appears walking. The best thing about the project is its roadmap, which will lead to new characters and abilities, like being able to wrap the NFT into a 3D version.
Pudgy Penguins
The Pudgy Penguins is a very cute collection of 8,888 cartoon penguin NFTs that were minted back in 2021. This project aimed to spread positive vibes and create children’s books, but Luca Netz acquired it for $2.5 million.
Today, Pudgy Penguin NFT holders are known as pangs, and they enjoy membership in an exclusive club that grants them access to parties, global meet-ups, and merchandise licensing opportunities.
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Best ways to buy NFT
Buying NFTs (Non-Fungible Tokens) involves a few general steps. However, please note that the NFT space is dynamic and rapidly evolving, so it's essential to check for any changes in the market. Here is the NFT ecosystem and steps to buy NFTs:
- Choose a Wallet. Select a crypto wallet that supports NFTs. MetaMask, Trust Wallet, and Coinbase Wallet are commonly used in the NFT space.
- Transfer Cryptocurrency to Wallet. Send the purchased cryptocurrency to your chosen wallet. Make sure to use the correct wallet address.
- Connect Wallet to NFT Marketplace. Choose an NFT marketplace where you want to buy NFTs. Popular platforms include OpenSea, Rarible, Mintable, and others.
- Browse and Select NFTs. Explore the NFT marketplace to find the digital assets you're interested in. Each NFT will have unique details, including the creator, description, and price.
- Place a Bid or Buy. Depending on the marketplace, you can place a bid or buy the NFT directly. Once the transaction is complete, the NFT will be transferred to your wallet.
- Store and Manage NFTs. After acquiring NFTs, manage and store them securely in your wallet. You can hold onto them for potential future value, sell them, or showcase them in virtual galleries.
The difference between a cryptocurrency and NFTs
Cryptocurrency and NFTs (Non-Fungible Tokens) are blockchain-based technologies, but they serve different purposes and have distinct characteristics.
Fungibility
Cryptocurrencies are generally fungible, meaning each unit is interchangeable with another of the same type and value. For example, one Bitcoin is always equal in value to another Bitcoin. NFTs are non-fungible, meaning each token is unique and cannot be replaced by another token of equal value.
Digital currency
Cryptocurrencies like Bitcoin, Ethereum, and many others are digital or virtual currencies. The crypto market is massive, and they are used as a medium of exchange, a store of value, and a unit of account. NFTs represent ownership or proof of authenticity of unique digital or physical assets. These assets can include digital art, music, videos, virtual real estate, in-game items, and more.
Decentralized transactions
Cryptocurrencies operate on decentralized blockchain networks, meaning they are not controlled by any central authority like a government or financial institution. Transactions are verified by a network of nodes (computers) using consensus algorithms. NFTs are often created and managed using smart contracts on blockchain platforms like Ethereum.
Divisibility
Cryptocurrencies can be divided into smaller units (e.g., satoshis in the case of Bitcoin), making them highly divisible, while NFTs cannot.
What NFTs sell the most?
Here are some categories and examples of NFTs that have historically gained attention and achieved significant sales:
- Digital Art. Digital art NFTs have been particularly popular. Artists like Beeple (whose "Everydays: The First 5000 Days" sold for a record-breaking amount), CryptoKitties, and artists collaborating with platforms like SuperRare and Rarible have seen success.
- Collectibles and Gaming. NFTs related to virtual collectibles, gaming items, and in-game assets have attracted a large audience. Projects like CryptoPunks, NBA Top Shot, and Axie Infinity have been notable in this category.
- Music and Entertainment. Musicians and entertainers have entered the NFT space to release unique digital content.
- Virtual Real Estate. Virtual worlds and metaverse projects have gained popularity, leading to the sale of virtual real estate as NFTs.
Keep in mind that the NFT market is highly speculative, and trends can change quickly. It's essential to conduct thorough research and stay informed about the latest developments in the NFT space if you're considering buying or investing in NFTs.
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The bottom line
These are the best NFTs to invest in 2024. Right from the art to the tokens that unlock a new world for you, these projects bring out the best of the creative world and stand strong on the vast promise of NFT innovation. However, all investments come with risk and uncertainty. There could be highs and lows, so invest only what you can afford to lose. If you are very intrigued to explore the upcoming NFTs, you must research well before diving in.
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Editor
Vandita Jadeja is a financial writer and editor at Joywallet. She loves to read and write about money and brings a decade of experience from the financial industry.
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