December 27, 2022

Top 7 NFT Projects in 2022

Collections of NFTs

Collections of NFTs

Although the NFT market in 2022 seemed bearish as it saw a downward trend and challenges, a matter which raised concerns over the death of the NFT industry, We can see that fashion luxury brands, automobile manufacturers, celebrities, sports giants, and artists were releasing new NFT collections throughout this year. 

In the coming lines, we recap the top seven NFT projects this year, which achieved wide popularity among digital assets’ collectors. 

1- CryptoPunks

Launched in June 2017, CryptoPunks is one of the first NFT projects on Ethereum. The collection includes 10,000 unique digital tokens. The project was launched by Larva Labs in cooperation with two Canadian software developers; John Watkinson and Matt Hall. 

Algorithmically generated, most of the NFT collection comes in the punks form in addition to 88 zombie punks, 24 ape punks, and nine alien punks in the collection. Celebrities like Snoop Dog, Jay-Z, and Serena Williams are among the famous CryptoPunk NFT holders.

According to CoinGecko, the market cap of CryptoPunks reached 620,875.8 ETH ($762,887,738) at the time of writing, while its floor price hit 62.1 ETH ($76,304.13).  

2- Bored Ape Yacht Club

Released in April 2021, The Bored Ape Yacht Club or BAYC NFT collection, developed by Yuga Labs, consists of 10,000 unique Bored Ape NFTs on the Ethereum blockchain. It is considered one of the fastest appreciating collectibles in the NFT industry, according to August Man Magazine. 

Renowned names have invested in BAYC, including musician Future, DJ Khaled, talk show host Jimmy Fallon, and YouTuber Logan Paul, in addition to Eminem, who possesses digital art in the collection that looks like him. Owners of these NFTs are given a Yacht Club membership card. 

According to CoinGecko, the market cap of BAYC reached 694,061.16 ETH ($851,543,637.20) at the time of writing, while its floor price hit 69.42 ETH ($85,171.40).  

3- Mutant Ape Yacht Club

Released in August 2021 and separated from BAYC, the Mutant Ape Yacht Club, MAYC, is a collection of up to 20,000 Mutant Apes. Developed by Yuga Labs also, MAYC could be created using a “vial of mutant serum or by minting a Mutant Ape in the public sale.”

Celebrities like Ethereum co-founder Taylor Gerring, American rapper Lil Baby, NBA legend Shaquille O’Neal, and actor Drake Bell own MAYC NFTs. 

According to CoinGecko, the market cap of MAYC reached 295,366.4 ETH ($361,413,280.70) at the time of writing, while its floor price hit 15.2 ETH ($18,598.87).  

4- Axie Infinity

Launched in May 2018, the Axie Infinity NFT collection is part of the game holding the same name, which is a play-to-earn blockchain game. It earned wide popularity in 2021.

According to the game’s website, players in this game can battle, breed, collect, raise, and build kingdoms for their Axies. In their kingdoms, they can own, buy, sell, and trade resources they earn in the game within the ecosystem. The most expensive Axie ever was sold for about $820,000. 

5- Cool Cats 

Released in June 2021, the Cool Cats is a collection of 9,999 unique characters which are based on a blue cat animation that exists on the Ethereum Blockchain. However, they differ in their facial expressions, traits, and attires, a matter that makes them unique. 

Cool Cat owners can take part in exclusive events such as NFT claims, raffles, and community giveaways. Mike Tyson, actress Reece Witherspoon and American DJ Steve Aoki are among the Cool Cats NFT community. 

According to CoinGecko, the market cap of Cool Cats reached 25,896 ETH ($31,683,756) at the time of writing, while its floor price hit 2.6 ETH ($3,181.10).  

6- Decentraland 

Decentraland, which was launched in July 2020, is one of the newest NFT projects on the Ethereum blockchain. Users on Decentraland can buy and rent land, build homes and create avatars in addition to trading digital collectibles they make. 

Big names like Deadmau5 and Paris Hilton are associated with Decentraland. 

According to CoinGecko, the market cap of Decentraland NFTs reached 114,559.38 ETH ($140,162,255.84) at the time of writing, while the floor price hit 1.17 ETH ($1,431.48).  

7- Meebits 

Created in May 2021 by Larva Labs, the Meebits consists of 20,000 unique 3D voxel characters, created by a custom generative algorithm, then registered on the Ethereum blockchain. 

According to CoinGecko, the market cap of Meebits NFTs reached 72,996.35 ETH ($89,297,164.92) at the time of writing, while the floor price hit 3.65 ETH ($4,465.08).  

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