Since the start of 2021, non-fungible tokens (NFT) have experienced no holding and the industry is currently setting new records daily. A growing number of artists, celebrities, and brands are realizing that the possible – NFT is well on its way to catapult the crypto space to the mainstream. However, which collectibles are the hottest?
What are NFT?
NFT are exceptional tokens that can’t be traded one-for-one to get an equal token. Any advantage That’s tokenizable could be an NFT. This includes, for example, (digital) works of art, trading cards, game items, and crypto domains. Theoretically, however, real estate or securities can also be mapped as NFT.
NFTs can be used to transparently map ownership structures on a public blockchain. This allows them to store value just like real objects, even if additional copies are easy to make. For example, the original picture of the Mona Lisa is significantly more valuable than a photo because everyone knows which picture is the original. The revolutionary thing about NFTs is that they can for the first time create scarcity in virtual space that can be verified by anyone.
But what platforms are currently selling the most popular NFT collectibles? Below, we take a look at the five most popular NFT collectibles platforms by trading volume, using the last 30 days of data from Cryptoslam.io .
5. Art Blocks: $ 8.3 million in trading volume
Art Blocks is a platform that enables artists to publish their work as an NFT on the Ethereum Blockchain. Each artwork generated only exists once on the blockchain. The special thing about Art Blocks is that artists have the opportunity to continuously develop and change their works of art.
In addition, the Art Blocks platform offers artists an innovative system for interacting with fans . Since the various images can be designed interactively, fans can, for example, trigger reactions to works of art by sending money and thus actively interact with images around the clock.
This results in completely new sources of income for the entire art industry that have never existed before. Art Blocks had a trading volume of over $ 8.3 million in the past 30 days, according to Cryptoslam.io .
4. Sorare: $ 13.5 million
Sorare is a digital marketplace for trading blockchain trading cards. The platform is already a source of income for more than 100 football clubs, including FC Bayern Munich, Paris Saint-Germain, Bayer Leverkusen and Inter Milan .
The goal of the Sorare team is to bring football fans around the world even closer to their clubs and idols. The whole thing runs on the Ethereum blockchain. Particularly rare cards, such as Neymar, US dollars have already been for more than 26,000 sold .
The teams and the individual playing cards are evaluated based on the true performance of the players on the football field and receive the corresponding points. As a result, the performance of the players is also reflected indirectly in the value of the virtual trading cards.
Sorare already has almost 8,000 users in Germany and since the blockchain project was invented, cards with a total value of over 20 million US dollars have been traded.
We explained in more detail how the Sorare marketplace works in our test article .
3. Hashmasks: $ 21.8 million
Hashmasks is another NFT project and was launched on January 28, 2021. Hashmasks is a collection of currently 16,384 unique digital portraits created by over 70 artists around the globe and available as NFT on the Ethereum Blockchain.
At the moment it is still unclear who exactly is behind the project. Nevertheless, Hashmasks can rely on well-known supporters such as the Swiss company Suum Cuique Labs from Zug.
As the owner of a Hashmask NFT, you have the option of giving the work of art a name using so-called NCT (Name Changing Token). This function should no longer be available in ten years and the names of the portraits will then be immortalized on the Ethereum blockchain.
One of the Hashmasks NFT was sold for Ethereum worth $ 650,000 in early February 2021 . In total, portraits with a total value of 39 million US dollars have already been traded on Hashmasks.
2. CryptoPunks: $ 90.5 million
CryptoPunks was set by Larva Labs, an IT firm that’s extremely well-known in the crypto area and has participated in many projects.
The CryptoPunks are derived from Ethereum and you will find a total of 10,000 uniquely built characters. By way of instance, the Alien CryptoPunks just have nine avatars. Users may exchange their items with different customers, with each transaction being listed around the ETH blockchain so the proprietor can be certainly identified.
According to the Crypto Punks, over 4,000 CryptoPunks were already traded last year. In addition, the CryptoPunks are the most popular NFT collectibles on the entire Ethereum blockchain. Since they were invented, CryptoPunks with a total value of over 100 million US dollars have been traded. One of the most expensive was sold for the equivalent of $ 850,000.
1. NBA Top Shot: $ 275.3 million
In July 2019, Top Shot was started as a joint venture between the NBA, the NBA players union and Dapper Labs . The beta version went live in October 2020 . Dapper Labs sounds familiar? The Canadian blockchain company is also behind the success of CryptoKitties and is the issuer of the FLOW token .
NBA Top Shot uses the Flow Blockchain and is an officially licensed product of the NBA (National Basketball Association). On the NBA Top Shot platform, users can purchase a snapshot of an NBA game as an NFT.
These so-called “moments” are recorded forever as a digital collector’s item and mapped as NFT via the flow blockchain. In this way, the owner is guaranteed the authenticity and ownership of the collector’s item.
The “Moments” are sold in packs. These cost from $ 9.22 to $ 230, depending on the contents of the pack. Later, on the secondary market, the contents of the packs reach prices in the six-figure range. In addition, NBA Top Shot is the largest NFT platform in the world to date and the demand for the “NBA Moments” is currently so great that the company can no longer cope with the exponentially increasing demand . It happened repeatedly that the release of new “Moments” was delayed due to server overload.
This post is the first published on citytelegraph.com