The NFT segment is one of the hottest in the cryptocurrency market. The segment also has the tendency to continue with its bullish momentum despite the crypto market’s general outlook. Leading consulting firm, PwC has revealed that NFTs have been trending in the sports industry. This shows that the non-fungible token technology is gaining traction in another major industry after the arts and entertainment one.
Moreover, data revealed by Fiverr – one of the largest freelancing platforms – shows that 64% of US-based freelancers have profited from selling services related to NFTs.
Another major development in the NFT sphere is Meta CEO Mark Zuckerberg announcing that Instagram – the leading social media platform – will soon be adding NFT capabilities. In addition, minting of NFTs will also be made available on Instagram.
NFTs to watch
Last but not the least, another channel to maximize your gains through the cryptocurrency market is NFTs. Top-ranked collections have an extremely bullish outlook which makes them a good investment potential. Here are some of the top projects to look into:
Bored Ape Yacht Club (BAYC) is one of the most sought-after collections in the sphere. One cannot talk about NFTs and not mention BAYC. The collection is also active with developments which furthers its bullish momentum. BAYC recently donated $1 million to Ukraine and also bought the IP for CryptoPunks – another top NFT collection. These developments have caused a stir in the NFT segment.
Due to the acquisition of CryptoPunks’ IP by Bored Ape Yacht Club, CryptoPunks has also been surging upwards. Moreover, CryptoPunks is also one of the leading collections as it is considered to be one of the first and original projects based on Ethereum. The collection’s trading volume has increased by more than 40% during the past day and is currently ranked #4 in terms of trading volume on OpenSea.
Pixar Pals is a collection of 54,995 non-fungible tokens launched by Pixar – the leading film and animation studio. The collection was launched on Veve and was sold out in the first twenty-four hours. The collection is regarded to be worth a staggering $3.3 million. The collection has the name of Pixar backing it which makes it a really good bet – especially immediately after its launch as it will be only going up in value afterward.
Meebits is a collection by Larva Labs – the firm behind the leading NFT collection CryptoPunks. It is a recent launch in the market and has garnered a good reputation in a short time. Meebits is currently ranked third in terms of the trading volume. It is essentially a collection of 20,000 unique 3D voxel characters.
The final top collection on our list is Dour Darcels – another recent launch that has been surging upwards. It is a collection of 10,000 moody characters called frens. These NFTs are based on Ethereum’s blockchain and give their users access to the Dour Darcels community.
