With the popularity of Crypto markets, the NFTs market is also making a notable impact on investors. In fact, the market has gained considerable traction in the last 2-3 years, with it gett0ing on the list of best-investing assets. On NFT markets, tens of thousands of different NFT projects are available for purchase.
From January 2022 to November 2022, more than $37 billion was transferred from cryptocurrency wallets to NFT markets, indicating that the NFT business is expanding rapidly. So, let’s take a look at the top NFTs to purchase in 2023.
5 Best NFTs To Buy In 2023
Bored Ape Yacht Club (BAYC)
Yuga Labs LLC launched the Bored Ape Yacht Club (BAYC) in 2021. It consists of 9,999 works of art generated randomly using 170 distinctive traits. Each Bored Ape Yacht Club has access to members-only perks, including merchandise, in-person gatherings, and various awards.
The collection is considered the most significant NFT endeavor to date. Celebrities like Jimmy Fallon, Justin Bieber, Timbaland, Snoop Dogg, Steph Curry, and Paris Hilton are among those that hold it. 9,999 NFTs were made available by BAYC for only 0.08 ETH. The floor price for this project in the NFT sector is 91 ETH.
People who owned Bored Ape Yacht Club NFT receive first access to subsequent NFT drops, including the Bored Ape Kennel Club and Mutant Ape Yacht Club, two related enterprises. The Bored Ape Yacht Club has earned more than $1 billion to date.
CryptoPunks
The highest floor price in the NFT market was held by CryptoPunks until Bored Ape Yacht Club surpassed it in December 2021. This is due to the fact that CryptoPunks debuted in 2017, four years before the enormous NFT explosion in 2021. CryptoPunks was able to develop a robust community since it was one of the first NFT projects to be made public.
Until 2021, million-dollar sales have been made for a number of CryptoPunk NFTs. CryptoPunk #5822 actually sold for $23.7 million in Ethereum. In March 2022, Yuga Labs, the company that developed the BAYC, acquired CryptoPunks from Larva Labs. As a result, Yuga Labs now controls the two most well-known NFT projects worldwide.
Therefore, Yuga Labs can be counted on to continue generating value for NFT holders through astute marketing and actual events.
Azuki
Early in 2022, Azuki swept the NFT market thanks to a popular and effective pre-launch Twitter campaign. Nearly 10,000 anime-style profile images from this NFT collection are stored on the Ethereum blockchain. Each Azuki NFT bearer has access to The Garden, which is Azuki’s metaverse. The holders of ‘The Garden’ get access to exclusive NFT drops, live events, and merchandise.
The Azuki collection is notable because it included 8,700 works of art for a $3,400 initial mint price. The 8,700 works of art were quickly all sold out. The entire collection was sold out in less than four minutes.
Azuki had $300 million in trade volume and was on its approach to replacing the Bored Ape Yacht Club. Azuki still has a prominent position on OpenSea in terms of sales volume and floor price five months after its launch. The buzz is still increasing, and once the cryptocurrency market stabilizes, the Azuki NFT collection is set to fly to new all-time highs.
Moonbirds
Moonbirds, launched in April 2022, has become popular over NFT Twitter. The Proof Collective, which also includes Kevin Rose, the founder of Digg, launched this NFT collection.
Moonbirds is an excellent illustration of an NFT that serves as both a community-driven movement and profile picture art. Like Azuki, Moonbirds has been able to live up to its initial expectations by continuing to develop and grow.
World of Women
While there is a noticeable male dominance in cryptocurrency forums, the project World of Women was started by women to promote a more diverse NFT community.
The World of Women’s collaboration with the play-to-earn blockchain game ‘The Sandbox’ is an impressive accomplishment. The partnership’s main objective will be a $25 million award intended to educate women about cryptocurrencies.
Conclusion
There are several unique NFT collections, and new collections are released daily. Choosing the best NFT project to invest in is, therefore, challenging. If the NFT project you choose has a strong chance of becoming a long-term success, it may be a wise investment for you.
But the majority of NFTs tend to depreciate with time. Therefore, it’s crucial to only invest money that you intend to utilize. NFTs are high-risk assets; therefore, never invest your entire life’s wealth in one.