How much is the most expensive NFT

That said, it’s still pretty hard to tell what the real numbers for GenZ show because most studies don’t include people under the age of 18, and nothing really stops them from buying NFTs.

13+ Astounding NFT Statistics Coming Into 2022

NFT seems to be the next big thing. People talk about it now pretty much like they were talking about Bitcoin back when it cost about a dollar or so. Well, NFT isn’t exactly like Bitcoin, but it seems to be catching people’s attention before they even know what it is.

And here’s where we come in—we’ll tell you all the NFT statistics that you need to know before jumping into the rabbit hole. And we promise to make it as simple as possible.

Total ETH Volume per day traded on CryptoKitties. Source: https://www.kittyexplorer.com

Someone paid $170,000 for the most expensive CryptoKitty ever

Blockchain-based game CryptoKitties has seen the highest trade volume since February over the past 24 hours, and it has only one cute little kitten to thank for it.

Someone purchased Dragon, a CryptoKitty, for 600 ETH ($170,000 approximately) on Tuesday, making her the most expensive kitty to be ever traded in the history of the game.

Dragon broke the record of Founder Cat #18, which sold for 253 ETH ($110,000 at the time of sale) in December last year.

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On primary inspection, Dragon looks like your average CryptoKitty. She’s got average looks and average attributes (called “Cattributes”). Remarkably, she’s a ninth generation kitty – earlier generations tend to be more expensive. Overall, she doesn’t fit the stereotype of what an expensive CryptoKitty should look like.

Meet Dragon,a digital kitty. She’s worth $170,000 as of today.

This is how Dragon describes herself on the CryptoKitties website:

Salutations. I’m Dragon. I bit Rebecca Black when I was younger, but those days are gone. Believe it or not, spying on the neighbours is seriously exhilarating. You should try it some time. Let’s connect on ICQ.

With her looks out of the window, there can be only speculations on what makes her so precious. Perhaps the buyer and seller wanted to make a transaction anyway, so they traded this CryptoKitty? Some speculate it could be money laundering. Or maybe the buyer was delighted she bit Rebecca Black (anyone who has endured Friday would be!). Likely, we’ll never know.

Regardless, Dragon is good omen for CryptoKitties. The Ethereum-based decentralized app (DApp) has seen very little engagement since the beginning of this year. Total transactions on the app dropped by 98.4 percent between December and January and have remained low ever since. Now, Dragon has brought a spike in both the trading volume and average kitty price.

The total ETH trading volume on CryptoKitties on Tuesday (622 ETH) was higher than the previous week combined.

Total ETH Volume per day traded on CryptoKitties. Source: https://www.kittyexplorer.com

Dragon also rode the average daily kitty price to the highest in the history of the game at 1.17 ETH, in comparison to the previous 0.4 ETH on December 4, 2017.

Average daily CryptoKitty price. Source: https://www.kittyexplorer.com

Dragon’s astonishing achievement is coming at a time when the game is also about to see the birth of its one millionth CryptoKitty.

Now that you have seen how much investors are willing to give for a one-of-a-kind product, you should start thinking about how you can be on the receiving end of the money. In short, it's time to start creating and selling NFT The process is fairly simple. What you need to have is a digital wallet where you can keep the NFT secure as well as some amount of Ethereum. Apart from this, you need to have a connection to NFT Marketplace, whether it be OpenSea or Rarible, so you can put your product at auction. If you have some good digital artwork that is one-of-a-kind, then it's time you make some money out of it. Just upload that product onto any marketplace, connect your digital wallet with your account, and you are good to go. This is a simplified way of making NFT.

How to Create NFT Art and Sell It

Nearshoring and Agile Software Development Company

NFT is the next big thing in the crypto world. With its marketplace growing substantially, it is important for all to know what is it and how can you make money out of it? NFT or Non-Fungible Tokens, in simple words, are only one-of-a-kind assets in the digital world. These tokens allow you to become the owner of unique digital products. One of the biggest differences between Cryptocurrency and NFT is that, unlike crypto, NFT is unique and one-of-a-kind; you can't replace one product with another. This is a major factor contributing to the rise of NFT.

NFT Market is one of the fastest-growing crypto markets in recent times, and it is to grow more in the future. Industrial investors, as well as private collectors, are investing hefty amounts into the industry. Just recently, it was seen that a collage of virtual art by the digital artist Beeple was sold at the flabbergasting rate of $69.3 Million! This is just one of many cases in which a large amount of money was invested into the purchase of a digital product.

Collectors of different unique items have shown special interest in NFT crypto, and the craze goes to such extent that a matchless "1-1-1" race car from the game F1 Delta time was sold at the gigantic price of 415.9 Ethereum. Crazy! Right? And, it doesn’t stop here. The most expensive and popular NFT on the web currently is the unique Dragon the Cryptokitty, which is valued at the hefty price of 600 Ethereum.

Now that you have seen how much investors are willing to give for a one-of-a-kind product, you should start thinking about how you can be on the receiving end of the money. In short, it's time to start creating and selling NFT The process is fairly simple. What you need to have is a digital wallet where you can keep the NFT secure as well as some amount of Ethereum. Apart from this, you need to have a connection to NFT Marketplace, whether it be OpenSea or Rarible, so you can put your product at auction. If you have some good digital artwork that is one-of-a-kind, then it's time you make some money out of it. Just upload that product onto any marketplace, connect your digital wallet with your account, and you are good to go. This is a simplified way of making NFT.

The investors who are interested in your product will present their offers, and if it gets approves, then your income will directly be transferred into your digital account. Some of the popular NFT are artworks or related to gaming; therefore, if you are good at any one of them, it's time you try your luck on NFT and make a fortune. As said earlier, NFT is the next big thing and a big step towards the digitalization of the world; thus, it is better that you start trying your luck when there is still to experiment. To conclude, all that has been said, NFT is a growing marketplace with a lot of potentials, and an investment in these one-of-a-kind digital products can prove to be really fruitful.

"Everyone is trying to find the pulse on the NFT industry. Where's it going? What's bringing life to it? Who should we be watching? I believe the key to understanding the NFT market is through data. Given the unfortunate amount of fluff and pandering going on in this market, NFT data gives you an objective scope and perspective which you cannot get by having a hundred conversations," said QuHarrison Terry, author of The NFT Handbook.

NFT QT Releases List of Top 100 Most Expensive NFT Sales of All Time

MADISON, Wis. , July 16, 2021 /PRNewswire/ -- VNM USA unearths a data report from NFTQT.com tracking the Top 100 NFT Sales of All Time. The report helps anyone interested in NFTs understand some of the trends dictating the upper-end of the NFT market. And many of the trends seen in these blue-chip NFT sales extend to the greater NFT market.

Some of the trends analyzed from the Top 100 NFT Sales list include:

NFT QT

  • 6 of the top 15 NFTs were transacted via private sales
  • NFTs from Larva Labs properties accounted for 43% of the Top 100
  • NFT Collections outsold One-Off NFTs at a rate of about 2:1
  • Despite having by far the largest user bases of NFT collectors, blockchain-based games only accounted for 11% of the Top 100 Sales.

"Everyone is trying to find the pulse on the NFT industry. Where's it going? What's bringing life to it? Who should we be watching? I believe the key to understanding the NFT market is through data. Given the unfortunate amount of fluff and pandering going on in this market, NFT data gives you an objective scope and perspective which you cannot get by having a hundred conversations," said QuHarrison Terry, author of The NFT Handbook.

NFT QT is a destination for in-depth NFT market data, NFT trend-watching, and insights into the present and future of the NFT industry. NFT QT publishes reports multiple times per week to keep you ahead of the rest when it comes to NFTs.

Where will this list be in a year? How many of these pieces will be resold? NFT QT will be tracking all of this and more. Stay up-to-date on their deep NFT reporting here.

The most capitalized NFT collections. Source: nftgo.io

The creators of one of the most expensive NFT projects will launch a video game

The project is planned to be presented to the public in 2022.

Yuga Labs, the creator of one of the most expensive collections of non-fungible tokens (NFT) on the market, Bored Ape Yacht Club (BAYC), will launch a blockchain game. Hong Kong software developer Animoca Brands will help with this project. Information about the initiative appeared on the company’s blog.

  • The game will be built on a play-to-earn system, also called GameFi. Work in this direction implies the inclusion of tools in the project, with the help of which users will be able to earn money while playing.
  • The developers have planned a presentation of the project for 2022. The game will be published between April 1st and June 30th.
  • Representatives of the initiative did not share the details of the joint work. The game will likely feature characters from the Bored Ape Yacht Club universe. Let us remind you that the BAYC collection consists of 10 thousand NFTs with images of monkeys. The value of many tokens has exceeded millions of dollars. The Bored Ape Yacht Club also has offshoots. One of them is the NFT Mutant Ape Yacht Club (MAYC) collection. It includes art with mutant monkeys. MAYC, like BAYC, is in the top 5 most capitalized NFT collections.

The creators of one of the most expensive NFT projects

The most capitalized NFT collections. Source: nftgo.io

  • The Animoca Brands team showed interest in profitable games even before the partnership with BAYC. In particular, the company is actively investing in play-to-earn traffic.

We will remind, earlier on the network there was information that Universal Music has created an NFT music group based on the Bored Ape Yacht Club.

Something else that makes the new record-breaker unique is the way it was sold: Metacask bills itself as "the world's first NFT marketplace for whisky cask investments," and so for this digital sale, London-based brokerage VCL Vintners chose to auction off the cask with a non-fungible token courtesy of NFT artist Trevor Jones. Instead of the usual cask photo, Jones was commissioned to create an abstract representation. The somewhat smudgy and loosely barrel-shaped result was entitled The Angel's Share.

The Macallan Sets $2.33 Million Record for Most Expensive Whisky Cask Sold at Auction

Another day, another incredibly-priced whisky sales record — though this one used a bit of modern technological help to get there. On Friday, a cask of Macallan 1991 Scotch sold at auction, setting a new record for a whisky cask with a price tag of $2.33 million. But more than just a cask of coveted Scotch, the sale also included a specially-commissioned NFT, potentially boosting the value.

The Macallan has a history of record-breaking sales achievements. Bottles of Macallan 1926 60-Year-Old Scotch have continued to leapfrog each other to claim the title of the most expensive bottle of whisky ever sold, with the current record, set in 2019, standing at about $1.9 million. This newly record-setting cask of 1991 Scotch isn't as old in age or aging, but the buyer is certainly getting more bang for their buck: The cask is believed to contain about 600 bottles' worth of 51.1-percent ABV Scotch for an average per-bottle price of about $3,880.

And speaking of leapfrogging, this latest Macallan record comes at the expense of an old one: a similar Macallan 1991 cask set the record for priciest cask back in August by selling for $572,978 — though that cask apparently only contained about 200 bottles' worth of booze.

Something else that makes the new record-breaker unique is the way it was sold: Metacask bills itself as "the world's first NFT marketplace for whisky cask investments," and so for this digital sale, London-based brokerage VCL Vintners chose to auction off the cask with a non-fungible token courtesy of NFT artist Trevor Jones. Instead of the usual cask photo, Jones was commissioned to create an abstract representation. The somewhat smudgy and loosely barrel-shaped result was entitled The Angel's Share.

"The collaboration with Trevor and Metacask to create an abstract NFT artwork — which is based on an oil painting – gives the new owner a 21st-century way to connect with their whisky," VCL Vintners Director Stuart Thom stated. (For the record, the oil painting was not included as part of the sale, only the NFT.) "Instead of a photo which is for verification purposes more than anything, the way Trevor is using new technologies to engage fresh audiences with traditional art forms fits exactly what VCL Vintners and Metacask are wanting to achieve for the whisky investment industry. Our goal is to bring wonderfully complex and old things to as many new people as possible, and to enhance their understanding and access to it through technology."

But in an era where both whisky and NFTs can sell for millions, how much did the NFT affect the price? It's impossible to know for sure unless one is sold without the other, but a potentially interesting comparison can be found with the aforementioned Macallan 1926 60-Year-Old. The first record-setting bottles that sold all contained specially-commissioned label artwork by one of two artists: Peter Blake or Valerio Adami. However, the current record-holder contains no artwork at all, only a standard "Fine and Rare" label. Consider it a reminder that you can't get tipsy by staring at a piece of artwork.

Main topics covered: NFT, trading, collectibles, educational content
Built with: WordPress
The main source of income: NFT Marketplace
Most popular post: What is NFT? How it works?
Instagram account: @nftically

15 best NFT blogs

Finding the best NFT blogs has not been easy as the niche is relatively new with many blogs still in the making. However, we have selected the most active and entertaining ones that are already attracting thousands of readers around the world.

We’ve rounded up a total of 15 great sites where you can find useful content posted by leading NFT bloggers. In addition to listing standard blogs, some of these sites also have news articles, reviews, NFT offers, and more. Feel free to explore our selections, especially if you are looking for some inspiration to start your own blog.

1. AirNFT

AirNFT Home Page

Much like Rarible, AirNFTs is a popular marketplace where you can buy or sell non-fungible tokens. The site has an excellent blog section that covers a range of trending topics relevant to the industry.

Main topics covered: NFT sales, artists, projects
Built with: web feed
The main source of income: NFT marketplace commission
Most popular post: AirNFT roadmap and vision
Instagram account: @airnfts

2. NonFongible.com

NonFungible.com home page

NonFungible is described as an NFT data resource. You will find important information regarding NFT transactions, sales, etc. This platform has a blog section that covers a wide range of topics related to NFT.

Main topics covered: analyzes, art, DeFi, metaverse, games, utility
Built with: Next.js
The main source of income: marketing / miscellaneous
Most popular post: What is the crypto art movement?
Instagram account: @nonfungiblecom

3. OpenSea

OpenSea home page

Like the previous platforms, OpenSea is essentially a popular NFT marketplace that also serves as a hub for thousands of NFT enthusiasts. Additionally, it has a great blog section where you can learn more about the platform, its features, blockchain, security, and more.

Main topics covered: safety & security, projectors, announcements, interviews
Built with: WordPress
The main source of income: NFT Marketplace
Most popular post: 10 tips to avoid scams and stay safe on the decentralized web
Instagram account: @opensea

4. NFT spaces

NFT Plazas home page

NFT Plazas is the go-to website for anyone looking to learn more about the industry, as it covers a wide range of related topics. Ultimately, it’s a news site with a lot of useful and informative content if you’re looking to learn more about NFTs.

Main topics covered: metaverse, games, collectibles, crypto art, music, industry, etc.
Built with: WordPress
The main source of income: announcements, guest messages
Most popular post: Web 3.0: A chance to redeem clicktivism thanks to NFTs and blockchain?
Instagram account: @nftplazas

5. NFTement

NFTally Home Page

NFTically is another easy to use NFT marketplace where you can trade and create NFTs. The platform is home to many influencers, artists, games and even entire communities. His NFT Blog covers a range of informative blog posts for newcomers and experienced NFT marketers / creators.

Main topics covered: NFT, trading, collectibles, educational content
Built with: WordPress
The main source of income: NFT Marketplace
Most popular post: What is NFT? How it works?
Instagram account: @nftically

6. Crypto.com NFT

Crypto.com NFT Home Page

Crypto.com is a popular crypto / blockchain brand that offers a wide range of products and services. It also has a great blog section and one of the topics covered is non-fungible tokens. However, you will also find other useful content on cryptocurrencies.

Main topics covered: crypto, NFT
Built with: Phantom
The main source of income: From the products on the site
Most popular post: Create your own NFTs at Crypto.com/NFT
Instagram account: @cryptocomofficial

7. Financial Times NFT

Financial Times NFT homepage

The Financial Times (FT) is one of the most popular online finance journals. Since NFTs are closely related to finance (especially decentralized finance), this platform has a lot of articles related to the popular form of digital art.

Main topics covered: technology, market, climate, life, art, etc.
Built with: Custom
The main source of income: subscriptions
Most popular post: How London Became a Crypto-Art Capital
Instagram account: @financialtimes

8. TVN Culture

NFT Culture Home Page

NFT Culture is a complete online platform dedicated to NFTs. You’ll find plenty of helpful guides and learn about the latest NFT artists, the best markets, and more. The platform also has a merchandise store under the Crypto Art Hype brand.

Main topics covered: NFT, guides, artists, marketplaces
Built with: WordPress
The main source of income: merchandising
Most popular post: NFT Security Issues – Will Non-Fungible Tokens Survive the Hype?
Instagram account: @nft_culture

9. Metaversal

Metaversal home page

Metaversal is a newsletter / blog that covers a wide range of topics related to NFT and blockchain. There are also many great guides, editorials, tips and tricks, and more. However, you will need some knowledge of NFT to fully understand Metaversal, especially industry-related slang.

Main topics covered: TVN
Built with: Custom
The main source of income: subscriptions
Most popular post: the NFTs win

10. Play to win

Play to win

Play to Earn is an online magazine that focuses on games in combination with NFTs, collectibles, virtual worlds, etc. It covers emerging trends in games that rely on the use of blockchain and related technologies.

Main topics covered: games, NFT, collectibles
Built with: WordPress
The main source of income: unknown
Most popular post: What are NFTs or non-fungible tokens?

11. Known origin

KnownOrigin homepage

KnownOrigin is a popular digital art marketplace that allows users to purchase art or donate their work as a non-fungible token. It is similar to the other markets described in this article. The journal section of the site has lots of interesting stories, artist spotlight, guest posts, featured articles, and more.

Main topics covered: updates, artist spotlights, behind the screens, stories, etc.
Built with: Custom
The main source of income: marketplace
Most popular post: What are NFTs and how do they work?
Instagram account: @ knownorigin.io

12. Enjin

Enjin home page

Enjin is a platform that aims to make non-fungible tokens (NFTs) more accessible to everyone, including individuals and businesses. The platform can help you get started with NFTs quickly and become an expert. It also features an interesting and informative blog section.

Main topics covered: NFT, news, guides, insights
Built with: web feed
Most popular post: How NFTs are revitalizing the creative industry
Instagram account: @enjin

13. Larvlabs (CryptoPunks)

Larvlabs Home Page (CryptoPunks)

Larvlabs is a site featuring two creative technologists – Matt and John. Their projects, the most popular being CryptoPunks, feature the most expensive NFT collection around. They also have a pretty engaging blog section that we recommend you check out.

Main topics covered: NFT, projects, news, insights
Built with: Custom
The main source of income: TVN
Most popular post: Two years of CryptoPunks
Instagram account: @cryptopunks

14. Ether Cards

Ether Cards Home Page

Ether Cards is a platform that offers a set of tools to support the NFT ecosystem, helping NFT merchants and creators drive engagement, improve sales, and more. The platform has a blog where you can find out more about the latest updates.

Main topics covered: NFT, latest updates
Built with: Phantom
The main source of income: main service
Most popular post: Harnessing the power of dynamic ecosystems
Instagram account: @ ether.cards

15. Shabby

Mintable Home Page

Mintable is one of the more popular marketplaces where you can create your own NFTs and sell them through the platform. It also has an outstanding editorial / blog section where you can learn more about NFTs, find new arts, and more.

Main topics covered: guides, highlights, news
Built with: WordPress
The main source of income: marketplace
Most popular post: NFT for Musicians: Fixing a Broken Industry
Instagram account: @mintable_app

Many people find phenomenal the fact that quite primitive pixelated images were accidentally discovered and have formed the most popular NFT collection. However, true connoisseurs admire the 8-bit style of the well-recognized characters. Even skeptics agree that CryptoPunks not only became a highly selling NFT invention but also predetermined the trend as well as brought the digital art industry to a new level.

CryptoPunks appeared as an experiment made by a couple of software developers from the city of New York, Matt Hall and John Watkinson. They complemented the digital trends and defined their own characters working hard in Larva labs to create these NFTs.
At first, these digital creatures were meant to be used for a cell phone game or an application. However, they were too fascinating, so John and Matt investigated how CryptoPunks could discover a spot in the digital art market. They, at last, understood that the ideal way to do so was through blockchain innovation.

© Shutterstock

Decentraland uses two types of control tokens:

Top 10 NFT projects of 2021

Below we take a look at the most popular series of non-fungible tokens, exchange platforms and other projects associated with the new trend. The rankings are in random order, meaning a spot on the list does not automatically make one project better than another.

NBA Top Shot

NBA Top Shot is a platform created by Vancouver-based blockchain company Dapper Labs with the support of the NBA that allows users to acquire collections of the best basketball moments in the form of unique digital objects. To get NFTs from the NBA, which are called “moments,” you can buy sets from which tokens are dropped, or you can buy the tokens themselves already on the secondary market.

These “moments” vary in a certain degree of rarity and have a value depending on the following rarity scale:

  • Regular, meaning moments that can have more than 1,000 digital copies. They can be purchased in common sets, such as those priced from $9 for nine moments;
  • Rare (150-999 digital copies): these moments can be found in rare sets and up at prices starting at $22. One has seven common moments and at least one rare moment;
  • Legendary (25-999 digital copies): these can be found in Legendary sets priced from $230;
  • Platinum Ultimate (3 digital copies): only available at auction;
  • Genesis Ultimate (only 1 digital copy): also available only at auction.

Since its inception in just about two years, the number of active NBA Top Shot users has surpassed the 1 million mark. At the same time, the volume of transactions with unique moments of basketball games in a year exceeded the level of 1 billion dollars. Many tokens from NBA collections have increased in value dozens of times since the beginning of the year and continue to increase in value as NFT becomes more popular.

CryptoPunks

In 2017, Matt Hall and John Watkinson, founders of Larva Labs in New York, created a program that generated thousands of different weird-looking characters. At first they thought they had the makings of a smartphone app or game. They ended up with a paradigm-changing model for the digital art market and challenged the very concept of “ownership.”

CryptoPunks is a 24×24 collection of pixel art style images. There are exactly 10,000 tokens in total, each with its own personality and a unique combination of distinctive, randomly generated features. There are 6,039 male “cryptopunks” and 3,840 female “cryptopunks.” They are divided into their own categories based on different characteristics, such as hair color, availability of accessories, and so on. There are also eight punks without any distinguishing characteristics, sometimes called Genesis punks.

The Larva Labs website has a composite image of all 10,000 “crypto-punks.” Anyone can save a copy of the image file. Each token also has its own page detailing its features and full transaction history. But only one person can officially own an NFT, as the official ownership of each instance of CryptoPunks is laid out in the Ethereum blockchain code.

The system invented by Hall and Watkinson is sometimes compared to owning a piece of physical art that is permanently loaned to a public museum. As a reminder, CryptoPunks pioneered the world of NFT and have deservedly gained the most popularity among investors.

Rarible

Rarible is an Ethereum-based platform that facilitates the creation, sale, and purchase of ownership of digital works of art through NFT. Although Rarible was launched as a centralized platform, its creators plan to gradually decentralize it over time, eventually transferring control to a decentralized autonomous organization (DAO) to be managed by the Rarible community. Rarible plans to achieve this through its RARI management token, which gives users the right to participate in the management of the platform. In 2021, Rarible announced that it will launch Flow, a blockchain-based trading platform from Dapper Labs, which is designed to host decentralized applications and enable fast transactions.

To use Rarible, you need an Ethereum wallet like Metamask, Argent or Coinbase, and some ETH to pay commissions. You can purchase ETH directly on the platform with a credit card. After signing your wallet into the service, you can browse the NFT Rarible trading platform looking for non-fungible tokens to buy. The platform displays top-selling items and art collections, and also allows you to search for NFTs in categories such as photos, games, and memes. NFT sellers can choose whether to set a fixed selling price for their assets or hold an auction.

Also, if you’re an artist or creator, you can use Rarible to create your own NFTs. If you produce NFTs, you don’t have to sell them, you can just post them on the platform. That said, you must pay two fees when you first issue a token – one to give your wallet permission to interact with Rarible, and one to “call the mint function” that puts your file into the Inter-Platform File System (IPFS) and Ethereum blockchain.

Both fees are network fees – the cost of interacting with the blockchain – and do not go towards the revenue of the platform itself. For future issuance, you will only be required to pay a transaction fee, although this may vary depending on the load on the network. When you do decide to sell the NFTs you’ve created, the Rarible Art trading platform will allow you to collect NFT license fees from sales, which means you can get a percentage of the price not only on the first sale of your NFT, but also on subsequent token transactions by third parties. In fact, this opportunity to make easy money on a chain of token transactions is what has made the platform so popular.

OpenSea

OpenSea is another decentralized trading platform that allows you to buy and sell non-interchangeable tokens. It was founded in 2017 and served as a marketplace for transactions of CryptoKitties NFT tokens, but later expanded its services significantly for its customers. OpenSea now supports a myriad of digital asset types, including NFTs for art, domain names, gaming items, music, and more.

OpenSea is built on the Ethereum blockchain, so you must have an Ethereum wallet to work with the platform. OpenSea also supports several other blockchains, including Polygon and Klaytn. You can choose from 241 payment methods, including Stablecoins, so anyone can buy and sell digital items on the platform.

Hashmasks

Hashmasks are virtual works of art created by a decentralized team of 70 artists run by Suum Cuique Labs. Each “mask” has a distinctive feature, the most notable of which are skin color, character, and eye color. Hashmask is different from any other ordinary NFT drawing because each mask has no name. The owner of the token is responsible for naming their Hashmask, thereby making a creative contribution to the artwork.

The creators of the project have produced 16,384 tokens and associated images. The masks have their own gradation in value similar to the NFT-series CryptoPunks. Here, the background of the image is important, as well as special features like hair color, eyes, and so on. The most expensive deal with this collection of non-fungible tokens was the sale of the mask for 420 ETH or $1.69 million at the current cryptocurrency exchange rate.

Enjin

Enjin is a Singapore-based blockchain platform designed to be used as an infrastructure for decentralized games, meta sites, and non-fungible tokens. Originally created in 2009, it is now one of the largest gaming community platforms in the world, spanning hundreds of thousands of gaming communities and around 20 million registered players.

Enjin Coin (ENJ) is the project’s native token. It has about 835 million ENJs in circulation out of a maximum of 1 billion. Between January and April of this year, ENJ has seen tremendous growth, with its price rising from 14 cents to $3.46 in just a few months.

Enjin already boasts a large community of users. The success of the platform is due to the general rise in the popularity of NFT and meta universes. These ideas continue to dominate the cryptocurrency market and thus should ensure a steady demand for the platform in the future.

Flow

Flow is a decentralized ecosystem and blockchain-based platform with scalable solutions for interactive interaction, decentralized application projects, and blockchain-based games. The Flow network focuses on providing a scalable environment and architecture for fast transactions without congestion to create an environment for NFT, dApps, and games. The Flow team was involved in the creation of NBA Top Shot, another popular platform already mentioned in this ranking.

Flow solves the scalability problems seen in the Ethereum platform without using sharding. Instead, the platform is based on the Proof-of-Stake algorithm. In this way, Flow ensures smooth operation and minimizes network congestion for dApps and games.

Flow distributes work on the network among the nodes that support the system, with different nodes being assigned different tasks depending on their technical capabilities. Increased blockchain throughput is achieved by separating nondeterministic processes (e.g., forming transactions into a block) from deterministic processes (e.g., executing that block of transactions).

To reduce the load on the Ethereum network, Flow uses a multi-node architecture with multiple roles. To make scaling the entire network possible in an efficient and cost-effective way, Flow breaks up the block validation process using four roles of network participants, allocating different tasks to different types of nodes.

Decentraland

Decentraland is an Ethereum-based project that aims to encourage a global network of users to manage a shared virtual world. Decentraland users can buy and sell digital real estate by exploring, interacting and playing games in this virtual world. Over time, the platform has evolved to implement interactive applications, internal payments, and even a sphere for virtual communication.

Decentraland uses two types of control tokens:

  • LAND. This is a non-interchangeable token used to determine the ownership of land representing digital real estate;
  • MANA. It is a cryptocurrency that facilitates the purchase of LAND as well as virtual goods and services used in Decentraland.

Changes to Decentraland’s software are introduced through a set of blockchain-based smart pins that allow participants who own MANA to vote on policy updates, land auctions, and subsidies for new developments.

Axie Infinity

In Axie Infinity, players buy, breed, and fight against each other with monsters called Axies to win in-game SLP currency. This business model is known as “play-to-earn,” where players earn real rewards for their time spent playing the virtual game.

Each Axie is a non-fungible token and collectible item that can be bought or sold in off-game exchanges. Players must have at least three Axies to start a battle, with the cheapest ones selling for about $200. The most expensive monster was sold back in 2020 for 300 ETH.

The game’s explosive popularity has helped development studio Sky Mavis make millions of dollars this year. The company has generated $700 million in revenue from in-game transactions, 17% of which is owned by the developer. Its capitalization is expected to solidify above the $1 billion mark by the end of the year.

The game developer recently raised $152 million in Series B, led by Andreessen Horowitz, valuing it at $3 billion. Because the company does not own all of Axie Infinity’s tokens, its valuation is below the market capitalization of its currency. Sky Mavis says it will use the fresh capital to launch an improved combat system, a decentralized exchange, and a new game.

The Sandbox

The Sandbox is an Ethereum-based meta world and gaming ecosystem where users can create, exchange, and monetize resources and game experiences in a virtual world. Pixowl’s project is set to overturn the gaming industry, in which platforms own and control user-generated content and the rights of creators and players are restricted. In Sandbox, users completely own their virtual objects.

The project consists of three key components:

  • VoxEdit. Allows users to create and animate 3D objects in the meta-universe. These objects are called assets and use the ERC-1155 token standard, allowing both interchangeable and non-interchangeable tokens to be created using a single smart contract;
  • Sandbox Marketplace. This is a marketplace where users can publish and sell their assets after they first upload them to the InterPlanetary File System (IPFS);
  • Sandbox Game Maker. Allows users to create 3D games for free.

Although no programming knowledge is required to participate in The Sandbox, its powerful toolkit allows users to create and embed valuable assets in the rapidly growing field of online games and virtual worlds. This is what led to the growth of the native SAND token to its all-time high in 2021.

Most Expensive: On the BakerySwap NFT Market there is a pet kitty on sale for 300,000 Bake. However, some pets out there have more power and are actually worth more.

NBA Top Shot

As a marketplace deserving of a separate mention: NBA Top Shot is currently the largest NFT marketplace, with sales volume exceeding $500M since launch.

Similar to trading cards, NBA Top Shot sells ‘moments’. A moment is a digital collectible that features a video of a specific basketball highlight that you can own in the form of an NFT.

Each moment comes with:

A video of the Highlight

Artwork of the player and team

Game and player statistics

The highlight description

A unique serial number

The fame associated with the highlight determines the moment’s value. Some moments are common while others are limited edition and worth more.

“Numerous moments have sold for thousands of dollars, with the most expensive one setting a record at $208,000. Some players collect to connect with their NBA legends, while others collect to sell and make fortunes.”

For a guide on NBA Top Shot, click here.

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