As time changes, the world has taken an incredible direction towards modernism. The ways of living have shifted at the same pace, and these changes show the innovative mindset of humans. These ideas are for the benefit and ease of humankind and have left everyone in awe.
We have followed the hype of this term all over the globe. It is because of the significance and vitality it has offered to the people of this world. This technology allows you to enhance your digital currency by buying or selling anything that can be art, music, photos, videos, or any digit file. If you are getting interested in NFTs, you need to have a broad knowledge of them. This article will guide you from every aspect till the end. Let’s no further waste any time and jump into it.
Bored Ape Yacht Club
One of the most famous NFT collections in today’s time is the Bored Ape Yacht Club (BAYC). Some well-known names who’ve invested in BAYC include talk show host Jimmy Fallon, musician Future, music producer DJ Khaled and YouTuber Logan Paul. The latest celebrity to join the bandwagon is American rapper Eminem, who currently owns a digital art that looks like him. He also uses it as his Twitter profile picture.
Made by Yuga Labs, BAYC features animated apes that have varied characteristics and rarities and inhibit the Ethereum blockchain. The NFT project has a collection of 10,000 unique Bored Apes. Launched in April 2021, their prices have skyrocketed in a matter of months, making this collection one of the fastest appreciating collectibles in the industry. Those who possess these NFTs are given a Yacht Club membership card, which has many perks, including invitations to private concerts in the digital world.
Mutant Ape Yacht Club
Mutant Ape Yacht Club (MAYC) is a unique collection of apes created as a separate project by the makers of the BAYC. MAYC was released in August 2021. There were 10,000 Mutant Apes in the collection, which were sold instantly for USD 96 million. But this is not where the ‘mutation’ stopped.
According to CoinGeko, MAYC could be created using a “vial of mutant serum or by minting a Mutant Ape in the public sale.” What this means is that BAYC creators added a unique system that not only greatly benefited holders of the original Bored Ape NFTs but also raised the popularity bar of the Mutant Apes. They introduced a new NFT, known as “Serum”. Holders of the Bored Ape cards could add the “Serum”, of which three types are available including mega mutant serum, to their ‘apes’ and convert them into Mutant Apes.
This meant that all 10,000 of the Bored Apes could be converted into an equal number of Mutant Apes. Adding to the already released mutants, the total number of NFTs in the Mutant Apes collection thus reached 20,000. MAYC NFTs are slightly affordable as compared to the Bored Apes that are currently being hoarded by celebrities and venture capitalists alike.
Chronoface is a NFT watch project that revolves around the concept of non-fungibility and digital scarcity. In addition to being easy to purchase online, their prices are transparent – which gives a true evaluation of their value. To serve the different markets, the Chronoface team developed a wide collection of face designs and works with various brands and artists.
With the demand of smartwatch coupled with skyrocketing watch prices, Chronoface aims to create exclusive digital watches with luxurious designs comparable to the physical watch market, if not superior to that of a physical watch.
The emergence of cryptocurrencies, blockchain technology and NFTs heralds the arrival of Web3 and promising to transform how businesses conduct and interact with their customers, Chronoface proposed a global marketplace for NFT smartwatch users to buy, sell, and trade content anywhere in the world. In the future, it is also expected that their NFT will also be used in the metaverse, allowing users to wear their watches and explore Chronoface’s storefront in their avatars.
In staying, serving and incentivizing holders for futuristic watch development and production for NFT smartwatch users, the Chronoface NFT application will be available on Android and iOS devices, allowing users to pair their NFT faces with almost any smartwatch. Each watch face is unique, can only be owned by one person; essentially connecting the physical and digital world for all walks in life.
CryptoPunks was one of the first non-fungible token projects on Ethereum. Launched in 2017 by Larva Labs, they were algorithmically generated and have a collection of 10,000 unique collectable tokens. The company collaborated with two Canadian software developers to create this collection.
The characters in this NFT project look like a pixelated version of punks that can be bought, sold or bid on. The collection includes punks, which are the most common form. There are another 88 zombie punks, 24 ape punks and nine alien punks in the collection. These punks come in special background colours that enable buyers to know about the status of the digital asset. A red background denotes that it’s for sale, while those with purple background signify bids are ongoing for the character. However, if the background colour is blue, the punk is not for sale.
Another collection in the NFT space that have been making headlines are Cool Cats, and it exists on the Ethereum blockchain. Launched in June 2021, it consists of 9,999 unique characters that are based on a blue cat animation. But what makes each of these characters unique is the combination of the varying facial expressions, traits and attires.
One of the coolest things about this NFT is that the developer can breed the characters for a future generation. Till now, the highest bid that has been made is for a Zombie cool cat that was auctioned for US$3.5 million. These NFTs can only be used as art till now, and their owners can be part of various events and community giveaways.
To sum up, we need to know how significant things like NFTs have become in our lives. First, they are a safer method to keep your money than the present-day banking systems. Blockchain offers first-level security to your digital currency, holding it secure from all the hackers and stealers. In the present era, its vitality has uplifted the concept of purchasing digital arts.
There is also a concept that the tokens of NFTs store additional information associated with music, art, videos, pictures, and more. This article is a roadmap with many options for NFTs. You can choose any of them that you think will suit you the best. All of them are specific in traits and features. They customize tokens from every NFT in an attractive manner that you feel attracted to them.
However, the hype of NFTs is worth the importance it holds. People are more towards online and digital currencies as the demand of today and the security issues. The idea of developing NFTs has revolutionized the world and made a lot of things easy for humankind. This article offers you an efficient guide if you search for some reliable and successful NFTs.