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Best NFT Projects to Follow

With the inflow of many creators and artists info the NFT world, which NFTs should you invest your money in? Read ahead as our experts answer the most frequently asked questions about choosing the best NFTs to buy.
best NFT online
best NFT online

With the metaverse boom, many people are expecting the NFTs to take over the digital world in the coming future. As stated in a survey by blockchain specialist site Chainalysis, cryptocurrencies worth more than $44.2 billion were spent in 2021 on NFTs alone.

As more people are becoming aware of the earnings that investing in NFTs open doors to, their popularity continues to rise in 2022. Many artists are putting out their best works as NFTs to get recognized and rewarded. In the same way, buyers too have been trying to find those projects that could provide the most value to their investment portfolio. In this guide we’ll review the best NFT projects that could return a high ROI.

Top NFT Projects to Watch

While all the projects mentioned are being widely embraced by the NFT community, they differ from each other hugely. The time of launching, use-case if any, platform traded on or blockchain used etc can vary from project to project. In this guide we will review these top NFT projects and categorize them into current, new and upcoming.

Best NFT Projects

Our recommendations for the best NFT projects to invest in starts with a project currently on presale now, followed by a new NFT project launched in 2022:

Cocky

Cocky is an NFT lifestyle club that hosts unparalleled musical experiences for members. You can access the events by investing in Cocky Can NFTs that come in 51 skin variations.

Cocky NFT - Cocky Is Unconventional - Castle

Cocky events will cover both in-person events hosted in spectacular unconventional locations and more frequent virtual events that are published as live streams. The real-world experiences will take inspiration from the landscape, history, and culture of the locations.

Cocky Can NFT lid can be Silver, Gold, and Black. The lid represents the tier system of the Cocky ecosystem that gives you various benefits at the events like subsidized transport, accommodation, additional invites, bar tabs, exclusive merchandise, and more. The rarest of all Cocky Can NFTs is Black Can. As a Black Cocky Can holder, you become eligible for VIP benefits for perpetuity.

Can Cocky NFT

You can also earn mutations on your Cocky Can NFTs by attending events and engaging within the Cocky ecosystem. Titled Passport Stamps, they allow you to write your own story and increase the rarity of your NFT.

What’s more? If you’re among the three lucky randomly-selected attendees of in-person Cocky events, you will receive exclusive VIP benefits at the event.

Cocky Can NFTs are scheduled for launch in the fourth quarter of 2022. Stepping into 2023, the project will conduct the first holders’ event and live stream. The NFTs don’t guarantee a spot at the events, as the capacity of each event varies due to the unconventional locations they are hosted in.

But Cocky allows all holders to register interest in the events. If a ticket holder cannot attend the event, they can sell it to other Cocky NFT holders via the custom-built secondary market. This ensures that all Cocky holders have a fair chance to attend the events.

Cocky NFT - Cocky Is Unconventional - Castle

We believe Cocky is one of the best NFTs to buy this year. Its unique real-world utilities centered around electronic music experiences and the feature-rich ecosystem give it long-term growth potential. If the project keeps in line with its roadmap, the NFTs will prove to be an excellent investment in a year.

Visit Cocky

Copium Protocol

If you’ve ever wanted to invest in an NFT project that provides a return from passive cryptocurrency mining, then Copium Protocol is certainly for you.

Homepage Copium Protocol

Copium Protocol is a multi-pronged cryptocurrency mining ecosystem that makes it easy for users to participate in passive cryptocurrency mining. The project is based around Copium Mining, an established real-world mining facility in Otago, New Zealand.

The project’s initial launch phase will begin with the release of the Copium Protocol Investor Pass NFTs. This is a collection of 10,000 NFTs set to be minted on the Ethereum network during early-mid October. They will be sold through a Dutch Auction on the project’s website and will start for 3.5 ETH. However, the first 2000 people that register early interest on the website will receive a guaranteed mint spot at a lower, fixed price of just 3 ETH.

All holders of the NFT will receive the following benefits:

  • A one-time airdrop of 10,000 Copium Coins
  • 10 Copium Coins per day if the NFT is staked on the platform
  • Higher interest rates on the Copium Staking platform
  • Automatic entry to monthly Copium giveaways

Copium Protocol will use the funds generated from the NFT sale to upgrade the Copium Mining facility. Then, the daily revenue generated from cryptocurrency mining is used to purchase Copium Coin from the open market, providing a sustained demand for the token. Furthermore, any Copium Coin bought from mining revenue is sent directly to a burn address – making Copium Coin a deflationary asset.

NFT Investor Pass Copium Protocol

Copium Coin holders will also be able to stake their coins on the Staking Platform to generate an additional APY. Investor Pass holders are entitled to higher interest rate returns, making it essential to own an NFT to maximize income when staking.

Overall, Copium Protocol is one of the best NFT projects to follow as it provides an effective method to earn from their NFTs through passive cryptocurrency mining. The Copium Coin will receive daily demand and continue gaining value as the total supply shrinks.

Visit Copium Protocol

Lucky Block NFTs

Lucky Block NFTs were minted March 19th, 2022 and are listed for sale at NFT Launchpad.com for 3.75 wBNB.

Read our new guide on how to buy Lucky Block NFTs.

Lucky Block’s native token LBLOCK rose 70x in price from its start of trading on Jan 26th, 2022 on Pancakeswap DEX, to its current ATH. It’s now at still around 25x after the recent crypto market correction.

Lucky Block Platinum Rollers NFTs

Holders of LBLOCK have a say in the direction of the crypto lottery project and receive rewards for holding from part of the jackpot prizepool – NFT holders are also entered into daily lottery draws.

The Lucky Block Platinum Rollers Club consists of 10,000 limited edition NFTs in the form of video files, with 25 rares, holders of which have any jackpot winnings multiplied 2x. One NFT buyer will also win a Lamborghini.

Join over 44,000 members in the official Lucky Block Telegram channel. The inaugural prize draws for LBLOCK token and NFT holders are scheduled to take place in mid May 2022.

Buy Lucky Block NFTs

Tamadoge: A Top NFT project with huge Upsides

Tamadoge is a play2earn gaming platform featuring Tamadoge Pets, 3D rendered virtual pets inspired by doges. It allows players to buy these pets as babies form the Tamadoge Market and raise them. Once they grow, players can use them in battle in a fun play2earn mechanic that focuses on gameplay as much as it does on the earning aspects of the game.

Visit Tamadoge Beta sale

What makes this project a cut above many others is its future potential. The devs are working towards many definitive technologies to make the Tamadoge even more attractive to non-crypto players, including the augmented reality app. Other future developments consist of the integration of existing metaverses. When the time arrives, holders will have a 3d rendering of their Tamadoge Pets that they can use as avatars to socialize in the virtual worlds.

To top it all off, Tamadoge is also working on Tamaverse, the official metaverse based on the Tamaverse ecosystem on the horizon. Another component of the ecosystem includes a P2E arcade that will host multiple games for blockchain gaming enthusiasts.

Overall, Tamadoge is one of the top NFT projects with huge upsides for early movers. The token hit its presale target and raised over 19 million USDT in under two months and is now heading to OKX as an ICO. Reporters at CNBC and other publications claim this utility-based NFT has 10x to 50x growth potential by 2023. The team has also declared that the first batch of NFTs will be dropped soon.

Register at OKX to Buy Tamadoge

Battle Infinity

Battle Infinity is brand new NFT project with a presale currently running for its native coin IBAT at battleinfinity.io. Similar to other NFT projects like The Sandbox and Decentraland, Battle Infinity centres around a metaverse world or virtual universe.

The main theme of Battle Infinity’s metaverse will be a daily fantasy sports style competition where players worldwide can compete in a league and win rewards in IBAT and tradeable NFT passes.

Battle Infinity presale

DappRadar’s latest crypto industry report found blockchain gaming projects and NFTs related to them – e.g. NFT real estate, or virtual metaverse land – weathered the storm of the 2022 bear market better than other crypto or DeFi assets.

Read more about the Battle Infinity here. It is one of the most successful presale projects of 2022, meetings its presale target 66 days ahead of time. The IBAT token is now brought forward its IDO on Pancakeswap.

Presale Start July 11
Presale End Oct 10 – Or 16,500 BNB Hard Cap Hit
Blockchain BSC
Min – Max Investment 0.1 – 500 BNB

Visit Battle Infinity

Real Estate Investment Club

Real Estate Investment Club is a collection of NFTs designed by one of the team members from the GTA and Red Dead Redemption franchises.

The REIC is an exclusive community focused on providing education and knowledge on the real estate industry. Holding the NFT provides specific perks for the club, including access to private real-world events in premium locations, the first being in Edinburgh.

Homepage Real Estate Investment Club

There are also a string of giveaways available to REIC NFT holders, including consultation and investment advice, webinar and seminar access, holidays for luxury real estate in premium locations, and luxury items. However, the most exciting giveaway is perhaps for mortgage and down payment contributions for real estate investments in the form of Ethereum.

The NFTs serve as your avatar to access the REIC – MetaCity, a real estate-focused metaverse community. There, members of REIC can congregate to network and socialize with like-minded investors focused on their real estate journey.

The NFTs also grant holders access to the Digital Asset Property Group (DAPG).

The REIC – MetaCity will serve as the primary location for REIC members to learn about real estate. At the heart of MetaCity lies the MetaHQ building, designed by a team of architects and developers. The MetaHQ will host regular meetups, educational services, consultation advice, future investment opportunities, and access to industry elites and professionals.

Logo Real Estate Investment Club

One of the main objectives for the REIC is to provide the infrastructure required to tokenize real estate assets on the blockchain. The team believes that real estate properties will be fractionalized into small pieces and tokenized on the blockchain so that people can purchase property with smaller sums of capital.

The NFTs are expected to launch at some point in mid-September 2022.

Overall, getting your hands on REIC NFTs will be a great stepping stone if you’ve ever been interested in real estate and have no idea where to start.

Visit REIC Now

Identity 20XY

You should be able to express yourself during social interactions, even if they happen online. However, it shouldn’t come at the cost of privacy. Why should we reveal our faces on video calls? Why should we give up our private information online? Why should we settle for encrypted texting?

Banner Identity 20XY

The next project we introduce to you is Identity 20XY, a one-of-a-kind digital application that brings AR to the world of NFTs. Identity 20XY launches cryptographically tokenized masks that let you express your virtual personality while protecting your identity. The motions and expressions on your face are captured by the NFTs using a neural network to feature a seamless user experience. It respects the anonymity of internet users while recognizing the importance of human interactions.

The stylish virtual masks are for everyday use. You can use the AR NFT filters on your face in online meetings, social media calls, and streaming. And if you get bored of your mask, get it customized to suit your style. The masks are activated by blockchain authentication.

Despite employing advanced technologies like AI and blockchain, Identity 20XY masks are incredibly easy to use. You just need to sign a message with your wallet to get access to all your AR NFTs. More importantly, you can use them right after the mint. The application and the mask designs are ready for use. However, the designs may not be bug-free yet, as they are prototypes.

Identity 20XY Masks on VideoCall

Key features of Identity 20XY masks

  • Access to the Identity 20XY desktop app where you can integrate your masks across all platforms that allows the use of a camera (e.g: Discord, Instagram, Tik Tok)
  • Access to virtual carnival conferences and exclusive events
  • If you’re not satisfied with your minted mask, you can change it via forging
  • Whitelist for future mask drops and limited collections

The Identity 20XY community is currently small as the project is new. However, the creative marketing and promotional events from the team will change that soon. For example, the project is collaborating with BAYC NFT owners, giving them an NFT virtual mask of their apes.

Identity 20XY is from Minyma, a blockchain-based company that has previously worked on some remarkable AI and AR projects. It has also joined forces with the Web3 company Galaxis to step up NFT-based AI initiatives.

Visit Identity 20XY Now

Best Current NFT Projects

These are some new and well-established veteran projects that have already shot up to fame and can be described as projects that have shaped the NFT market to where it is today. These are NFT projects that have been around for a while including names that are considered synonymous with NFTs within the crypto community:

CryptoPunks

Created by Co-founders John Watkinson and Matt Hall, the CryptoPunks NFT project launched in June 2017. As one of the first NFT collections to be made that was successful to this extent, the developers tried to showcase the anti-establishment and raucous spirit within the early blockchain era with a punk look.

CryptoPunk NFT

Created on the Ethereum blockchain, CryptoPunks are 10,000 unique 24X24 size one-of-a-kind pixel heads. While most punks are male and female humans, it also features several other rarer species like apes, aliens and zombies within the collection. These punks come with seven distinguishable features that include a bucktooth, a mole, big beard, cigarette, shades, top hat and earrings. These vary in design.

Larva Labs, the company that introduced CryptoPunks initially gave out 9000 of the NFTs to anyone with a claimable Ethereum wallet and held 1000 as “Dev punks”. However, it wasn’t long before the punks rose to fame and were being traded for massive amounts. An article by Mashable became so popular that it ended up with the available collection being sold out within just 24 hours.

The project has gained much popularity and momentum and has been trading at high prices. CryptoPunk NFTs are also appealing as a means of status or seniority within the NFT or crypto world, seen as one of the coolest NFT projects.

Several famous names have been associating with the project and have been showcasing the NFTs owned by them through their social media, creating an idea of an elite crypto community. The costliest CryptoPunk traded to date is currently CryptoPunk 7523, for a large amount of ethereum worth $11.75 million.

Bored Ape Yacht Club (BAYC)

An NFT article is incomplete without a mention of these dressed up apes with cool accessories. Created and launched by Yuga Labs in April 2021, the Bored Apes Yacht Club or BAYC had a minting cost of merely 0.08 ETH. One of the co-founders of the project stated that the reason for them choosing apes was referring to slang within the crypto community.

Bored ape NFT

The phrase “to ape in” which means frantically investing money into several projects gave them the idea of basing the project around apes. The team also took inspiration from the then only top NFT project, CryptoPunks.

BAYC consists of 10,000 apes which vary by properties such as facial expressions, fur type, clothing, accessories and more. These properties can be used to understand the rarity of the axis on the Opensea marketplace, the main marketplace for the BAYC. They are costly too, with the costliest being worth $3.4 million- The Bored Ape #8817.

The value of the BAYC has gone up exponentially, and for the right reasons. The high cost of the NFTs brought about a sense of high status amongst the holders. This helped bring in the famous icons which in turn helped BAYC grow in popularity. In January 2022 BAYC hit a 100 ETH floor price.

Big names in the entertainment and sports world like Eminem, Steph Curry, Jimmy Fallon, Post Malone don their Apes on their social media. If this wasn’t enough, Adidas included BAYC as one of the top names in its NFT program, Into the Metaverse. The company also bought an ape of its own.

It gained even more reach as they launched the mutant serum which would allow an owner to mutate their ape. The project has been striving to be more than just an NFT and become an ‘off-chain” brand too. The club announced a P2E game scheduled in 2022 in partnership with Animoca Brands.

Yuga Labs (the creators of BAYC) acquired CryptoPunks and Meebits on March 12th 2022 from Larva Labs, bullish news which saw the floor price of all three NFT collections pump.

FaceTransPlants

RollerCoaster Ride FaceTransPlants

FaceTransPlants is one of the best NFT projects to follow due to its hilarious ethos and community-led ridiculous storyline and investigation to uncover the artist and founder’s hidden identity.

The project consists of a ridiculous collection of 10,000 NFT caricatures – satirical drawings of human faces trapped on the Ethereum blockchain.

The NFTs are hand-drawn profile pictures with caricatures such as the Funky Lady, the Hipster, and the Punk dressed up in vivid and mocking features to inspire laughter and ridicule. Each of the NFTs is housed on top of a specific plant related to their NFT and has stats such as “Ridicule Strength”. 

Banner FaceTransPlants

The creative premise behind the project is a ridiculous community-led storyline which is designed to creatively inspire its followers The community is made up of individuals that appreciate art and creativity. They are also encouraged to participate in the artistically-inspired, interactive investigation to uncover the hidden identity of the artist and founder.

So far, we know that the artist goes by the name SCALE, and the team will reveal their identity a few days before the pre-sale. 

Before the big reveal, community members can put together clues released in chapters on the FaceTransPlants community Discord server. Members that put together enough clues will win a freeNFT on the release date. Access to their Discord channel has been limited so far so various roles and WL spots are still up for grabs!

The project is still relatively new, so anybody that joins the Discord is still very early. The team started to promote the project on social media in March 2022 and has since managed to create the 10,000 NFT collection. 1,000 NFTs from the collection are ready to be pre-sold in August, and the project is already starting to generate a strong buzz due to SCALE’s obscure identity. 

Overall, FaceTransPlant is certainly one of the best NFT projects to follow if you are looking for something a little different than the typical copy-and-paste NFT projects. 

Visit FaceTransPlants Today

Axie Infinity

axie battle NFT

Created in 2018 by Sky Mavis and co-founded by Trung Nguyen and Aleksander Larsen, Axie Infinity is a blockchain-based battle game that boasts of NFTs called Axies. The game made headlines in 2021 as its game’s native token AXS shot to enormous price levels. But along with them, the value of the characters i.e. Axies also skyrocketed.

The most expensive Axie monster was traded for around 115 ETH at a point. However, the same axie is estimated to be worth over $1.5 million now.

axie infinity NFT

The NFTs in this case isn’t just a piece of art or a collectable, but also a utility within the Axie Infinity Game. Built on the Ethereum chain, the Axies are traded on the Axie Marketplace. One can also trade items or land within the game in the form of NFTs on the marketplace.

Doodles NFTs

Launched on 17th October 2021, Doodles is headed by two very affluent names within the NFT industry. Evan Keast, one of the co-founders has worked for Dapper Labs since 2018. This is the same organization that delivered projects like Cryptokitties and NBA Topshot.

The artist, Scott Martin, a Canadian who created the collection is a fan favourite due to the style he hones and has been receiving much applause from the audience for his simplistic but attractive way of art. The creator has previously worked with Google and Snapchat.

doodles NFT

The other co-founder of the platform Jordan Castro has worked at Dapper labs and has been known to lead the Cryptokitties team in development. With an array of professionals like this, Doodles gained immense popularity post-launch. Since then, the number of sales has kept going up with the costliest doodle being sold for 296.69 ETH.

Doodles has managed to go up in the NFT charts despite being launched later than other blue chip NFTs. Along with a multilayer feature and many more to come, these vibrant and clear-line drawings should definitely be on your watchlist.

Art Blocks Curated

Imagine a piece of art being created not by an artist, but by an autonomous system using parameters given by a person. That is exactly what Artblocks is all about. This method of creating beautiful masterpieces is called generative art.

To capture the true essence of digital art is exactly what drove Erick Calderon to continue his hobby more seriously and thus paving way for one of the most sensational NFT projects in the space. As the founder of Artblocks, Erick Calderon sold a lot of his CryptoPunks at meagre rates to fund his project.

Art blocks NFT

The idea of the same concept of profile pic pixel heads being generated didn’t appeal to Erick. He also noticed that since the amount of money earned by creators was massive, there was a huge supply of art that couldn’t even be appreciated.

Thus, Art Blocks Curated was put into effect. This offering among some others that Artblock provides, is the most strictly curated among the collections. An individual is expected to turn in their work where a set of curators will determine whether or not to put up the NFT on Artblock.

art blocks NFT online

Artblock has been embraced by several famous artists which only helps in more visibility. Moreover, as the NFT verse ages, it will look for artworks that can be marvelled at. For an art connoisseur who doesn’t enjoy pixel head jpeg files, Artblock might be the place to be.

Best new NFT projects

These are some projects that have recently garnered much traction and have been performing well. They are currently being minted or are in the news due to their popularity. These NFTs are some of the top picks of the investors with maximum engagement as a community in recent times:

Ghozali Every day

This might be a lot to take in, but it’s true. This 22-year-old boy from Indonesia clicked selfies of himself for around 4 years as a part of a school video. However, Ghozali decided to put them up on the Opensea marketplace with a simple description that read “it’s really a picture of me standing in front of the computer day by day”.

ghozali NFT

Launched on 9 January 2022, Ghozali initially priced every image of his at $3. Well, the current volume traded as of now stands around 370 ETH with a floor price of 0.25 ETH. While this doesn’t necessarily mean that it might be a project worth investing in as a community or one with much potential, it is one to look out for.

This shows how NFTs might potentially play a role in featuring our entire personality in a virtual world. And for the collectors, the buying opportunity doesn’t have to be wasted since this is, and always will be, the first NFT collection of a real person. That could contribute to eventually rising bids for the collection.

Phanta Bear

Since its launch on 1st January 2022, Phanta Bears have been going viral with partnerships, sales, celebrity backing and much more. Founded by Ezek Club, a digital club based in Asia, the project gained a record number of members in their discord community within just five days.

One of the founders includes a popular Taiwanese performer nicknamed the King of Mandipop Jay Chou. His fashion brand PHANTACi is backing the project.

phantabear NFT

A Phanta Bear NFT allows the owners access to the exclusive Ezek Club as well as the Matrix World. Matrix world is a metaverse project by Matrix Labs. The roadmap of the Phanta Bear collection boasts an ambitious approach.

With virtual concerts and interactions between the bears as the owners’ personalities within the virtual world, Phanta bears have much planned. The 10,000 NFT collection even had higher sales than BAYC in the past week. This shows the massive growth the project has been seeing.

With a floor price of around 3 ETH currently, Phanta Bears hopes to build for the long term and provide owners perks and good value for their investments.

Azuki NFTs

This anime-feel art collection has been the talk of the town. The traditional look of an NFT collection includes simple lines or animals that have pixel heads. This project, however, is a whole different deal.

The art is nothing short of phenomenal and boasts of a project that is optimized for the metaverse and is built by the community itself. The project offers the owners access to The Garden, a corner of the virtual world where creators meet and collaborate to build a decentralized future.

azuki NFT

The project was founded by several partially doxxed(identity revealed) developers. But they include engineers with experience from companies like Facebook. Minting began on 13th January 2022, and the project sold out within minutes.

You will have to get into a third-party marketplace to acquire the NFTs. With a goal of not just being an NFT project, but also a  Metaverse brand in the future, this project built on the Ethereum smart chain will be one to watch out for.

Best Upcoming NFT projects

These projects are some of the most hyped projects in the space right now with extreme community engagement and interest. The projects are yet to be launched and people know that a whitelist spot itself could mean an easy profit. These projects are to be launched in the coming weeks or months.

Dogami

With the dog meme hype quite alive since the early Dogecoin days, NFT creators have tried to incorporate it into their artworks to make a quick buck. However, the lack of anything more than a simple jpeg of a Dog didn’t appeal to the masses.

This is not the case with Dogami. With more than 50,000 members on discord and an impressive 30,000 following on Twitter, Dogami is being embraced by the NFT collectors and other community members already.

Dogami NFT

Set to launch in January, Dogami is a crypto game that is mobile phone-optimized that features Dog avatars as NFTs. In their metaverse called the “petaverse”, users can collect or trade NFTs, play, earn and socialize. It is built on the Tezos network and boasts of being one of the top AAA crypto games to be introduced. The developers of the project are famous for their work in Marvel, DC comics etc.

With a funding round which ended with Dogami securing around $6 million from top gaming and tech companies like Ubisoft and Animoca Brands, Dogami is being considered as a sure winner as it launched.

How to Buy NFTs

Buying NFTs can be a hassle, but there are simpler ways to get it done using exchanges like eToro. Here’s a step by step method to buy Ethereum on eToro and purchase NFTs via platforms like Opensea using it.

  • Sign up on the eToro homepage. No referral codes is required. Fill in the details and you are good to go.
  • Provide documents needed for profile verification. eToro is a secure platform that prioritizes the safety of the users and makes it mandatory to comply with regulations set by the government. The verification process will begin as soon as you submit the required documents
  • Depositing money on eToro is as simple as it gets. You can choose to pay with Credit/Debit Cards, Bank transfers, Online transfers, Rapid transfers, Paypal, Neteller and Skrill. You can deposit a minimum amount of $50

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  • Ethereum can be bought from a funded wallet easily. Simply search and select ETH from the market results and click on trade.

ethereum buy

  • The eToro platform gives all the information necessary on the interface itself. Latest research material, order book, candlesticks, indicators and crypto info.

ethereum buy

  • Once you select the amount of ETH you wish to buy, click on buy and just like that, you are one of the 3.9% people who own cryptocurrency, you are indeed early enough!
  • You can also stake any leftover ETH to earn passive income on eToro. To learn about buying NFTs from various marketplaces, read our how to buy NFTs page.

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Conclusion

The overall growth of the NFT markets has shown us one thing, it is here to stay. With Facebook CEO Mark Zuckerberg’s Meta rebranding, it is obvious that massive chunks of the investing citizenry will adhere to getting into the trending thing if it is trending enough.

But with the way we are seeing technological advancements, it might only be a matter of time till we come around to appreciate digital art as much as we do, the physical form of it. The value of an NFT can only be speculated; but just like any other asset, it too thrives on the number of people ready to invest or indulge.

A portion of people buy and sell NFTs and see value in it, while some laugh it off as a momentary fad. However, it simply has to be taken seriously as we see big names enter the industry. Tech giants like Facebook and Samsung, brands like Adidas, Venture Capital Organizations etc. are showing interest and contributing. With the way they are getting involved and investing, we can be assured that NFTs are here to stay, and for long.

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FAQs

What is an NFT project?

An NFT project could be any project that has NFTs (non-fungible tokens) associated with them. It could be a collection of artwork that is in the form of NFTs, an ecosystem or a virtual world where the assets are sold as NFTs, or games or apps that have characters that are NFT integrated.

What is an example of NFT?

Any digital asset that can be uniquely identified can be considered as an NFT. For eg., An axie from the Axie Infinity game is an NFT since it is unique from every other axie there is. They might have huge to very less variations but are different nonetheless.

How much does it cost to sell an NFT?

This depends mostly on the fee structure and policy of the marketplace from which you decide to trade on. Opensea, one of the biggest and most used NFT marketplace doesn't levy charges while putting up an NFT of your own. However, a percentage of the money it is bought for goes to Opensea as a means of commission fee after the sale.

How much does it cost to create an NFT?

The cost of creating an NFT depends solely on the kind of NFT you are looking to make. They may vary as creating a normal jpeg image might cost you virtually nothing. An illustrated image is free to create, but creating high-end NFTs for heavy and complex ecosystems might cost money accordingly.

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