NFTs are undoubtedly not a fad.
Since the explosion of these digital tokens, many projects have been developed which have broadened their utility. But while some of these projects have recorded tremendous success, most do fail. And in most cases, leaves the investors and collectors with a worthless JPEG.
So, which NFT project would be ideal to invest in? And should you invest in an NFT project? A common rule among investors is you shouldn’t invest in something you don’t fully understand, so let’s explain what is meant by an NFT project.
What is an NFT Project?
An NFT project refers to a special collection of NFTs with distinct utility. There isn’t much difference between the NFTs in this collection and regular NFT art. The major difference is that NFT projects are produced in larger quantities.
NFT arts are usually created on a small scale by individuals and sold on the NFT marketplace. Whereas, NFT projects are created by huge companies and trading is done within their platforms.
The rest of this article would offer you insights into some of the best NFT projects so far in 2022. We will also be sharing with you some recently-made project that is most likely to blow in the future.
What is the best NFT to buy?
But, with so many NFT projects available, how can one pick the one that will succeed? How do you tell the difference between those who will succeed and those who will fail?
There are no mystical eight balls, but there are some fundamental tactics to assist you in getting into the best project.
Always get in early and make a big impression! It is not too late to pick from the list of good NFT projects we have carefully selected in this article.
Please note we are not affiliated in any way nor is this financial advice.
Where to find the best NFT Projects?
It can be challenging to find financially good NFT initiatives. There are numerous factors to consider, as well as numerous locations to investigate. Hopefully, this has helped you narrow down your options.
NFT Project Search Engines
Use NFT Project focused websites to find the latest NFT projects such as:
Make use of Twitter, it is your best friend
Without a doubt, Twitter is the king and the home of NFTs. It is one of the finest sites to learn about forthcoming projects, explore its communities, and stay current on specific projects. It’s really easy to find projects on Twitter, and it’s also a great way to promote your own NFTs and collectibles.
Simply utilizing the hashtags #NFT, #nftart, or #NFTCommunity can lead you down the NFT Twitter rabbit hole, where the NFT community is incredibly active.
Discord is where it begins
Discord is a fantastic place to locate NFT projects, although it isn’t necessarily the most user-friendly. Every NFT initiative, group, or influencer worth their salt will have a Discord server. Discord is a text/voice/video chat program featuring largely private, invite-only locations known as servers. This specific emphasis on groups with shared interests distinguishes them from other platforms.
Discord has a close-knit community, just like Twitter. This platform will allow you to delve deeper into projects and communicate with other members of the server.
Check out our compilation of the Best NFT Communities here.
What you should look for
If you’re going to invest your own money in anything, it only makes sense to spend some time studying about it. It takes some time to identify solid projects in the NFT space, but if you are prepared to put in some extra effort, your chances of finding good projects grow considerably. A decent technique is one that investors would generally use to assess company success:
- Effectiveness (social, discord, influencers, etc.)
- The team (people invested in the success of the project)
- Sales (number of sales and price fluctuation in the last few days/weeks)
- Whitepaper and Roadmap
NFT Community for Artists, Designers & Creators
The Forest is the first NFT community for designers & creatives. The Forest is more than a community however. It is an educational platform and NFT marketplace that empowers creatives with the knowledge, connections & tools to thrive as NFT & Web3 professionals.
Reason to join: This NFT community is for artists, illustrators, and designers looking to become thriving Web3 & NFT creators and is tailored towards beginners.
18 Best NFT Projects in 2022
CryptoPunks was founded by Larva Labs, a two-person development firm that specializes in everything from mobile games and utilities to web infrastructure and digital design and art. The team created a pixelated character generator after being inspired by the London punk movement and cyberpunk films and literature. It is a popular project that contains 10,000 unique punk-themed characters.
The value of these CryptoPunks can be divided into twelve types. The most common type is Human Punks. There’re other rare types of Punk species that exist as well, such as Alien Punks (9), Ape Punks (24), and Zombie Punks (88).
Alien Punks are the most valued of the collection and have been sold for more than $8 million at an auction. The most expensive NFT of the CryptoPunk collection was purchased at a whooping 124,457 ETH (about 532 million USD).
That’s why CryptoPunk is considered the most expensive NFT project ever. The project has an overall trading volume of 2,084,406,290 USD, with a total of 5,238 buyers as of recent.
Yuga Labs’ Bored Ape Yacht Club (BAYC) was created by four anonymous co-founders — Gargamel, Gordon Goner, Emperor Tomato Ketchup, and No Sass. The collection is hosted on IPFS and is stored on the Ethereum blockchain as ERC-721 tokens. The project features a collection of unique NFT 10,000-pixel avatars hosted on the Ethereum blockchain.
BAYC is one of the most sought-after NFTs collections because of its uniqueness — no two NFT characters are alike. This makes every NFT in the BAYC collection extremely valuable.
Despite being a relatively young project, BAYC is considered top competition with numerous well-known NFTs projects that have been released earlier. The project has been ranked third after CryptoPunks by Decrypt on a list of the most popular NFT project that’s made limelight.
Given the current status of BSYC as one of the top NFT projects, the inclusion of Bored Ape Yacht Club in our list of worthwhile NFT project investments in 2022 was a no-brainer.
Currently, the all-time trading volume of Bored Ape Yacht Club stands at 1,384,829,779 USD with over 9,500 buyers and the numbers keep rising by the day.
Axie Infinity is a non-fungible token-based online video game developed by the Vietnamese studio Sky Mavis. The game is notable for its in-game economy, which is based on Ethereum-based cryptocurrency. It is based on Nintendo’s favorite Pokémon series.
Axie Infinity is one of the leading figures in the NFT industry and is popular for pioneering the concept of Play-to-Earn NFT games.
Axies refer to in-game creatures that appear in the Axie Infinity Game. Entry requirements to participate in the game are to purchase at least three Axies.
The price of these Axies varies and increases as the platform grows in popularity. Each Axies is valued differently depending on its features and traits, however, you can still get a decent one for roughly $200 presently.
This project’s all-time trading volume is currently recorded to be 4,019,390,587 USD, with a total of 1,645,122 buyers.
ArtBlocks is an initiative that offers collectors a network of Ethereum-based NFTs that are unique, programmable, and customizable. It was founded in 2021 by Erick Calderon who was into ceramic tiles business, and Jeff Davis. The concept of this project is to give artists the ability to combine digital materials to create one-of-a-kind NFT artworks using blockchain technology. It is based on blocks
With Art Blocks, both the artist and the buyer accept whatever the computer randomly generates when selecting to mint. This has raised generative art to a new level. “Because Art Blocks requires the artist to sign each and every output of the algorithm, the artist must return and change the algorithm until it is perfect. They cannot simply select the best results.”
This project accomplishes this through the use of NFT drops, in which users mint NFTs with no notion of the type of NFT art they would receive in the end.
This project has a total trading volume of 1,200,650,344 USD and 26,977 buyers as of now.
The Bored Ape Yacht Club was a great hit for Yuga Labs, and The Mutant Ape Yacht Club was developed as the sequel. Due to celebrities and venture investors monopolizing the Bored Apes, a mutant ape project which provides a cheaper way to access the same network was created.
There were 20,000 Mutants released in total and some of the rare types “Mega Mutants,” sold for as high as 3,000 ETH ($9 million).
The Mutant Apes were distributed via airdrop to members of the Bored Ape Yacht Club. By owning any of Yuga Labs’ 30,000 apes (both bored and mutant), you’ll gain early access to Adidas’ “Into the Metaverse” NFT project, which now sells for more than three times its retail price.
It pays to be part of this project, and investors are projecting the minimum price for an MYC to be around 25 ETH in the future.
NBA Top Shot is an NFT project created by Dapper labs in which basketball enthusiasts can show off their passion by collecting ‘NBA moments,’ — a collection of NBA highlight clips that can be traded like a card. It is basically a partnership between NBA and Dapper labs, a blockchain company valued at more than $7.5billion.
NBA Top Shot successfully recreates basketball fans’ tactile souvenir-collecting experience in the real world. There’s also the chance of the worth of a user’s NBA highlight collection to increase over time.
As of today, the total trading volume for NBA Top Shot has been 938,251,588 USD, with 419,583 purchasers.
7. Meebits NFTs
Larva Labs created Meebits as a follow-up to CryptoPunk’s success. Meebits is another impressive NFT project that features a collection of 20,000 3D figures inspired by famous video game characters such as those seen in Minecraft and Roblox.
Its first release of 9,000 NFTs in May 2021 sold out within eight hours for 22,500 ETH.
Meebits is hosted on the Ethereum blockchain and uses the ERC-721 token standard, allowing it to be traded on any cryptocurrency exchange platform. The NFTs produced in this project can also be utilized as avatars in games, virtual reality, and the metaverse.
With a total trading volume of 404,398,876 USD, Meebits is ranked 8th on Cryptoslam’s list of most successful NFT projects of all times.
This NFT project was influenced by Japanese-style anime, which is evident in its name. Surprisingly, the concept for this project is the brainchild of four unknown teenagers under the company, Chiru Labs.
Even though the Azuki project only began early this year, it set a new sales record by selling out 8,700 characters in under three minutes, making over 29 million dollars.
According to OpenSea data, this NFT project was later sold collectibles worth about 300 million USD 30 days after its first release, putting it at the top of the leaderboard for digital collectibles trading in January 2022.
Azuki had a total trading volume (all-time) of 374,334,143 USD at the time of writing.
CloneX is an NFT collection of 20,000 3D unique avatars. Collectors who purchase the CloneX avatars can use them in social media, films, games, etc.
The project is the product of a collaboration between a Japanese artist, Takashi Murakami, and RTFKT. The artist is well-known for his distinctive style and use of vibrant colors, which can be found in several well-known art collections.
All the avatars in this collection possess a mix of Murakami-inspired realistic elements and traits, and we’re created using Daz 3D and RTFKT technology.
CloneX has a total of 7,008 buyers and 456,296,886 total trading volume as of this writing.
Proof of Beauty is an impressive NFT project that is centric on praising and preserving the history of the Ethereum blockchain. The project started by documenting Ethereum’s history before creating it from scratch.
HASH, the first NFT series from Proof of Beauty, allows users to turn historical and personal blockchain transactions into NFTs. The algorithm of this project converts transaction details into textures, color pallets, and forms. One of the most popular of such NFTs is the one from Vitalik’s initial Ethereum transaction through Jay-Z’s Cryptopunk buy.
LONDON, the second series from Proof of Beauty with a collection of 8,888 Ethereum generative art pieces sold-out shortly after the release. During the hard fork, London gift NFTs became available, and the first transaction after the EIP-1559 upgrade was on the London NFT sale.
11. The SandBox NFT
The Sandbox is another play-to-earn NFT game created by Sebastien Borget, a co-founder and COO of the SandBox. This NFT project utilizes blockchain technology to provide players with a means of having fun in the game while monetizing their time.
This NFT project is an appealing investment opportunity that has the potential to attract millions of new players to the crypto space. Today, the Sandbox project is growing in popularity and has spread to several countries around the world.
The Sandbox, according to CryptoSlam, has a total trading volume of 365,423,547 with a total of 19,143 asset owners.
Upland is a unique metaverse NFT project that’s based on blockchain technology with real-world addresses mapped to it.
The project was founded and is administered by Uplandme, Inc., a Silicon Valley-based startup backed by Block. one (creators of the EOS blockchain) and industry professionals from the gaming, real estate, and technology industries. Dirk Lueth, Idan Zuckerman, and Mani Honigstein created the company. This platform allows users and businesses to monetize their land (metaverse space), allowing for play-to-earn mechanics.
The project also provides Upland’s token, UPX, that players can use to buy and sell NFT land. New users also get a 6,000 UPX welcome bonus. Upland is also one of the most affordable metaverses, with land prices starting at just a few dollars.
One of the most interesting NFT projects to invest in is virtual reality or metaverse land.
An example of a metaverse land project is the Decentraland. It is one of the most comprehensive virtual reality ecosystems where you can purchase and sell virtual space. Decentraland was founded in 2015 by Argentinians Ari Meilich and Esteban Ordano. When it launched in 2017, digital land plots cost around $20, while Mana tokens cost $0.02. Imagine its growth over a short period.
This platform also allows you to monetize your land by developing it, and some investors have done so by building NFT museums, amusement parks, and casinos. Others merely purchase virtual reality land as a speculative investment to sell it later for a higher price.
Rich Cats Nation is a collection that features 1,000 NFTs hosted on the Binance blockchain. The project offers ownership of one-of-a-kind digital art of cat-based figures with a variety of random unique characteristics.
Following the same structure as previous popular NFT collections, some Rich Cats are deemed rarer than others, resulting in higher secondary market valuations.
Rich Cat NFT is valued at 0.0085 ETH with a trading volume of $2,284.202 and market cap of $57,195.729
Owning a Rich Cat NFT also qualifies you to join Rich Cat Nation, an exclusive club with a variety of privileges. Royalties, NFT Airdrops, in-person events, Rich Cat clothing, and more are among the perks.
Doodles is one of the greatest non-traded funds to invest in right now if you’re looking for long-term growth. This 10,000-character collection – which covers anything from pickles to skeletons to animals – has swept the NFT market. Each Doodle is absolutely unique and is hand-drawn by illustrator Scott Martin.
Evan Keast, Scott Martin, and Jordan Castro generated a library of 10,000 generative NFTs. Tulip, Burnt Toast, and Poopie are the team’s “working aliases.” Prior to Doodles, Keast and Castro were already well-known in the NFT community, having assisted in the 2017 debut of the iconic NFT project CryptoKitties. Martin, on the other hand, has been minting his own pieces and cultivating his creative identity within the NFT space for approximately a year.
What distinguishes the Doodles NFT initiative from others is that token holders have a role in how the community develops. Possessing a Doodle entitles you to vote on certain issues.
Each Doodle allows its owner to vote for experiences and activations paid for by the Doodles Community Treasury. Doodle NFT is very valuable and its current price as at today is $50,227.12. There is a total of 10000.0 NFTs minted held by 4631.0 unique owners with a total market cap of $502,271,202.24.
16. MetaTriads NFTs
Meta Triads is another noteworthy NFT project. Each of the 10,000 NFTs in the Meta Triads collection depicts a cyberpunk figure. There’s a Human, Humanoid, or Hybrid cyberpunk character assigned to each Meta Triad. However, in addition to the unique digital art, Meta Triad ownership comes with a slew of additional interesting perks.
The most notable advantage is that having a Meta Triad NFT entitles you to Meta Triads Marketplace shares. The company is working on an aggregator marketplace that will allow fashion manufacturers to virtually showcase their products. NFT holders of Meta Triads will own shares in the marketplace and will earn native token TRIA$ for each sale. The global apparel market was worth 1.5 trillion dollars in 2020 and is anticipated to reach 2.25 trillion dollars in 2025.
17. Zed Runs NFTs
A blockchain-based digital racehorse NFT that sold for $125,000. It was developed by Virtually Human Studio. It is an NFT project based on digital horse-racing game. Horses are purchased and owned in the same way as NFTs.
Zed Runs NFT is a cryptocurrency based on the Ethereum blockchain. When the platform began in 2019, horses were priced at under $30 – but prices have since risen to a peak of $125,000 and often exceed $15,000. Since then, about 11,000 horses have been sold and an additional 8,000 have been produced exclusively for the game. Numerous stables combine bloodlines and breeds in order to produce excellent racehorses.
Chris Ebeling, co-creator of Virtually Human and Zed Runs’ founder, told Sportico that there was room for growth and that people may potentially earn a profession trading, raising, and racing digital horses. The current average price of Zed Runs NFT is $142.3 and the total sales volume is $349.440,00.
18. Yubo NFT Project
Yubo is a social live streaming tool that allows you to easily connect with friends and meet people from all around the world. You can use it to communicate, watch YouTube videos, and play games. Furthermore, Yubo makes it simple to form your community of like-minded people or make new acquaintances with similar interests.
Yubo Randos, the company’s first NFT collection, was just launched. The collection’s premise is that everyone needs a rando in their lives. As haphazard as they are, they are frequently the most memorable persons.
One of the primary advantages for Yubo users is the exclusive privilege to send, share, and pin your Rando NFT on the Yubo app. Yubo wants to launch unique events and live broadcasts for Rando NFT owners later this year, allowing you to build a community of like-minded NFT collectors. The first private event is set to take place in July 2022.
Yubo’s NFT auction allows you to purchase Randos for 0.1 ETH each. Current Yubo users can also obtain Randos through giveaways and other means.
Best NFT Projects Conclusion
These very valuable NFTs are fetching exorbitant prices. At the time of writing, the cheapest CryptoPunk is around 75 ETH, while the cheapest Bored Ape Yacht Club is over 100 ETH. These “floor” prices represent the most affordable items on the market. To obtain a top-tier Alien or Ape Punk, you will need approximately 2000 ETH (almost $6 million)
With prices at these levels, it’s difficult to ignore the prospect of a bubble. However, some believe that these NFT collections will evolve into the next generation of entertainment enterprises. With hundreds of millions of dollars behind them, ventures like Bored Ape Boat Club can host VIP yacht parties, exclusive concerts, and more for ape owners.
Additionally, owners retain intellectual property rights to their apes, and companies such as Happy Dad Hard Seltzer and Diamond Supply Co. have purchased apes for branding purposes.
It’s hard to discern the value of a project or collection because of the illiquid nature of most NFTs. However, collectibles that have an additional utility like art, discord groups, and events are mostly like to succeed. Also, make sure to do your research before investing in any NFT project.