With the current NFT craze and the number of people who are making profits from investing in these kinds of digital tokens, you may be wondering how you can get started earning some cash from them too. Non-fungible tokens have been around for quite some time, but there’s no doubt that 2022 has been the year that they’ve really taken off.
One of the most attractive aspects right now is the sheer number of NFT projects that are in circulation; several of which have the potential to become far more successful in the coming years. By investing in a popular project, you could potentially earn quite a substantial amount, but how do you know which ones to put your money into?
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Best NFTs in 2022
There are simply so many NFTs out there, and while some of them could prove to be fantastic choices, there are also many that simply won’t be worth the time and money. This means that finding the right digital asset for you could require a little bit of effort.
If you’re uncertain which non-fungible tokens to invest in, don’t worry – we’ve got a list of the 10 best NFTs of 2022.
Anyone who’s been looking into the top NFTs of the year so far is likely to have heard of Lucky Block. This project holds a lot of promise for the future, being the one and only crypto lottery available worldwide, and has already been incredibly successful – with its presale ending early due to being sold out.
It’s not hard to see why this could be the perfect time to invest in the LBLOCK token and take advantage of the potential success Lucky Block is predicted to see in the near future. By buying into Lucky Block now, you could even potentially win a Lamborghini Aventador, thanks to the current event the team has going to celebrate the launch and minting of their collection.
The NFT lottery draw has $10,000 up for grabs every day, with a 1-in-10,000 chance of winning the Lamborghini. Overall, if you’re hoping to get involved with one of the most promising NFT projects, look no further than Lucky Block.
Unlike the Lucky Block project and LBLOCK tokens, the Bored Ape Yacht Club collection isn’t necessarily an idea for a grander project (like creating the first global crypto lottery, for example). Rather, the Bored Ape Yacht Club is a collection of 10,000 unique designs that represent the Bored Apes, each of which is a unique piece of digital art.
Even though the project doesn’t particularly have a functional use, it has quickly become one of the most sought-after NFT sets on the market. There are a few benefits that come with being a member, such as having access to the Yacht Club, to new NFT drops before anyone else, to the exclusive discord server and much more.
In September 2021, 101 tokens sold for over $24 million, so there’s no doubt that these quirky pieces of digital art hold value.
Another similar project to the Bored Ape Yacht Club collection is the CryptoPunks. These have been around for quite some time now, being launched back in 2017 by Larva Labs – but with the greater NFT market growth this year, the CryptoPunks collection skyrocketed in value in 2021.
Each of these pieces of digital art is simply a pixel image of a unique character, with the most recent highest value sale being $11.75 million just last year. Many high-profile celebrities own CryptoPunks too, from Jay-Z to Steve Aoki, so it’s certainly worth looking into if the idea of a unique piece of collectible crypto art interests you.
The creators of CryptoPunks also released another NFT collection in May 2021, called Meebits. This set of NFTs comprises of 20,000 3D characters, each one being generated by an algorithm to create unique and interesting designs for each one. Meebits quickly took off thanks to the popularity CryptoPunks had already seen, and the initial sale gained nearly $20 million (and they’re just as popular in the secondary market).
Meebits also come with more options than CryptoPunks, with owners being able to animate and render their NFTs and use them in metaverse platforms. This kind of customizability and functionality may help Meebits to continue to grow in popularity and value as the niche progresses. Overall, if you’re interested in the digital art side of NFTs, Meebits could be a solid choice.
As you may be able to guess from the name, the characters in the SHIBOSHI set of collectible NFTs are all Shiba Inus. Aside from being cute pieces of Shiba Inu pixel art, these tokens can be used in the Shiboshi game, which may be worth thinking about if you’d like to combine your chosen NFT with a wider experience (like gaming). The SHIBOSHI token is slowly increasing in value at the moment as well, so now could be the best time to invest for maximum future gains.
The great news is that these arty tokens are available on ShibaSwap, where it’s incredibly easy to buy, sell and even create your own SHIBOSHI set.
Another similar project to the art collectibles mentioned above is the Pudgy Penguins – a set of cute penguins that have significantly grown in popularity since their release on July 22nd, 2021. These penguins are standing out from the crowd in this niche because they are randomly generated using more than 150 hand-drawn traits made by the creators, so each one will be unique.
Pudgy Penguins has already seen some significant success, with the value increasing tenfold in the space of just a week last August. They’re also popular among crypto influencers, thanks to the meme potential that they offer, so there’s a lot to love.
Decentraland is a project hosted on the Ethereum blockchain, providing individuals with a chance to purchase NFTs within their own metaverse. This open-world game allows its players to create their own avatars, buy plots of digital land and a wide variety of items – all of which are structured as NFTs, giving them value and excellent trading potential. One piece of land is valued at nearly $50,000, so there’s no doubt that Decentraland NFTs are worth looking into.
MANA is the native currency of Decentraland, which you can purchase at several cryptocurrency exchanges. With MANA tokens, you can purchase land parcels (the most sought after Decentraland NFTs), art, clothing and more all within the digital space – and as the popularity of this project continues to grow, the value of these items is likely to do the same.
If you’re looking for a more inexpensive NFT to invest in, you may want to consider a project like Metroverse. This is a simple land trading strategy game, where you can collect, trade and stake your city blocks for the $MET token. While not quite as valuable as some of the other NFTs mentioned on this list, it’s worth a second glance if you want to get started with a cheaper, yet still somewhat promising option.
As part of the Random Character Collective, with just 5000 NFTs minted in February, Invisible Friends is another set of great digital art collectibles that you could get your hands on while they’re still new and inexpensive.
Off the bat, there was high buyer demand and the Invisible Friends sold out incredibly fast. While their value is still fairly low at the moment, many of those in the community expect prices to soar soon – making it an excellent choice for those looking for a more accessible NFT.
Last but not least, we want to give a mention to Disney’s own collection of non-fungible tokens. Disney has sold several pieces of digital art, featuring iconic characters (like Mickey Mouse and Donald Duck from the Mickey and Friends collection), as well as digital comics and collectibles from Marvel, the Simpsons, Star Wars and more.
There’s also the Golden Moments NFTs, which are trophies celebrating some of the more popular franchises and characters; from Wall-E, to the Avengers logo. The golden trophies also offer free access to Disney Plus for three months, which is a nice little bonus. All in all, with the popularity of Disney, it could be well worth considering buying these digital tokens.
How to buy NFTs
In most cases, you’ll find that it isn’t too much of a hassle to buy one of these kinds of digital assets. Here’s a quick look into the process of purchasing non-fungible tokens:
Create an account at an nft marketplace that accepts Ethereum
Since most NFTs can be bought with Ether tokens, you’ll need to sign up for an exchange that facilitates ETH trading (if you don’t have any coins already). Fortunately, it’s usually a simple task to create an account on all the most well-known crypto platforms. Once you’ve done this, you need to verify it and make a deposit ready for your first purchase.
Find a crypto wallet that accepts ETH and NFT tokens
If you don’t have a wallet that accepts Ether and NFTs, you’re going to need to find one to store your tokens in. As NFTs have recently exploded onto the scene, you’ll find that several wallets can connect to NFT marketplaces. Usually, all you’ll need to do is follow the instructions from your chosen marketplace on how to connect your wallet and you’ll be good to go.
Purchase your NFTs
Now that you have an account on an NFT marketplace and have your Ethereum tokens to make purchases with, you’ll be glad to know that you’ll be able to simply select the NFTs you want and click the ‘buy’ button.
With so many great NFT projects, it might be tough to know exactly where to begin. Fortunately, with our quick list of the best buys of 2022, as well as a closer look into the process of making a purchase, you should have a better idea of how to start your NFT trading journey.
Frequently asked questions on NFTs
What is an NFT?
To put it simply, an NFT (non-fungible token) is a one-of-a-kind digital asset. One NFT isn’t interchangeable for another; each will be an asset in its own right and have its own unique value. While they have recently become popular for digital artwork, they can be used in a wide variety of ways and have been around for several years now.
Can I sell the same NFT on different platforms?
While it may technically be possible to sell NFTs on a range of platforms, it’s worth considering that this may not always be the best idea from an investment standpoint. People may be less inclined to buy from you if you switch platforms, so it’s generally best to stick to the ones you’re currently using for your trading needs.
Are NFTs the future of art and collectibles?
There are many people who believe that NFTs are a revolutionary way for artists to sell their wares to fans (they can even allow the creator to earn a royalty, even when the token is sold to a new owner). Galleries showcasing non-fungible tokens are beginning to crop up, so it certainly seems that NFTs are going down this route.
Are NFTs valuable?
It’s important to consider that the value of an NFT comes from what it represents. These are simply digital tokens; they don’t contain the property itself, but hold its location on the blockchain. Because of this, the value of a non-fungible token can vary greatly from one NFT to another.
Not all of them are going to be created equal and due to the inherent volatility of crypto assets, they may not be the most stable of investments. For the high rewards that the popular projects are offering though, it’s not hard to see why so many people are taking the risk.