The Top 5 Most Valuable NFT Collections And A Tool To Track Them Down
22 April 2022 - 01:15AM
NEWSBTC
Some of these NFT collections are so ever-present that they are
already part of the collective unconscious. Others, the general
public has not even heard about. What makes an NFT collection
valuable? Market capitalization is the potential value of the whole
collection, based on its size and the value of the individual
pieces. In the case of NFTs, it’s hard to pinpoint, because it’s a
volatile market with lots of action all-day-every-day. Agreeing on
which are the most valuable #NFTs collections is certainly hard. We
created a matrix called "Most Valuable NFTs Collections" and it
shows the 20 most valuable collections, sorted by their market
capitalization. Access this data for free here:
https://t.co/wXJyMCmRBD pic.twitter.com/PyzbPMDKCk — IntoTheBlock
(@intotheblock) April 21, 2022 When IntoTheBlock announced their
list, they presented it by saying, “Agreeing on which are the most
valuable NFTs collections is certainly hard.” Besides market
capitalization, the “Most Valuable NFT Collections” list tracks
number of owners, volume trade, average price, and number of sales.
All of those stats are pretty common when discussing NFTs, but it’s
certainly helpful to have them all on an interactive database. The
page also displays useful graphs that put everything into
perspective, like “All-time Most Traded Collections,” “Collections
With Most Unique Owners” and “Booming NFT Collections.” With that
being said, let’s dive into each of the collections in the Top 5
and give some insight about them. #1 NFT Collection: Bored Ape
Yacht Club At the moment, the BAYC surpassed the all-powerful
Cryptopunks as the most valuable NFT collection. This is not
surprising, since the Bored Apes became part of popular culture and
are on their way to becoming mainstream. On their official site,
they describe themselves as “A limited NFT collection where the
token itself doubles as your membership to a swamp club for apes.
The club is open! Ape in with us.” As with most successful
products, the Yuga Labs creation doesn’t come without its share of
controversy. #2 Cryptopunks They might not have been the
firsts, but the Cryptopunks are certainly responsible for
spearheading and popularizing the NFT movement. At first, you could
mint them for free. Nowadays, the average price is 76.64 ETH. On
their official site, they describe themselves as “The Cryptopunks
are one of the earliest examples of a “Non-Fungible Token” on
Ethereum, and were inspiration for the ERC-721 standard that powers
most digital art and collectibles.” The creators recently sold the
whole collection to Yuga Labs. And, of course, controversy follows
this project as well. And, they’re also on their way to mainstream
adoption. ETH price chart on Capital.com | Source: ETH/USD on
TradingView.com #3 NFT Collection: Mutant Ape Yacht Club At first,
these ones were free as well. They came into the scene as a way to
reward BAYC members. Owners received an airdrop of “Mutant Serum,”
using it they could mint a mutant version of their ape as a
completely new NFT. Nowadays, the average price is 32.99 ETH. They
don’t have an official site, but this is the NFT collection’s Open
Sea page. As you can see by its place on this list, the interest in
this collection keeps growing. #4 CloneX The collaboration between
legendary Japanese artist Takashi Murakami and “digital artifacts”
creator RTFKT is a success like no other. This might have to do
with Nike’s recent acquisition of the company. The NFT collection
’s official site doesn’t describe itself, but NFT News does,
“CloneX NFT collection is not only equipped for the Metaverse and
features high-end avatars, but also marks the beginning of a
community-focused environment ” #5 NFT Collection: Moonbirds The
newcomer of the bunch is the Moonbirds NFT Collection. Their
official site describes them as, “a collection of 10,000
utility-enabled PFPs that feature a richly diverse and unique pool
of rarity-powered traits.” Since they’re so new, they’re easily
beating all of the other collections in number of daily sales. Of
course, the NewsBTC team has been covering the story as it happens.
Other NFT collections in the Top 10: Azuki, Sandbox’s LANDs,
Doodles, Veefriends, and Meebits. Featured Image: the most valuable
list, taken from this tweet | Charts by TradingView
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