Non-fungible tokens or NFTs have already made their mark in the world of cryptocurrency. In particular, NFTs have generated a buzz around the term ‘digital collectibles’ or simply NFT collectibles. Non-fungible tokens refer to the collectible assets that have their value in the form of cryptocurrency. The issuance of these digital assets is on an Ethereum blockchain. NFTs are non-fungible and unique which is precisely where their difference with Bitcoin lies meaning the NFTs cannot be exchanged. Moreover, the non-fungible tokens store a considerable volume of information, thereby elevating them above just pure currency. It is precisely the reason as to why non-fungible tokens can be readily introduced into almost all spheres of trade.
NFT collectibles have become a highly preferred form of online investment. These collectible items can range from anything between arts, virtual cats to baseball cards. The collection of these items has become a recent trend. The popularity of these collectible items can be very clearly understood from the increasing volume of investment in the field. So, the ones interested to invest in NFT collectible items should have a clear understanding as to what is trending. Proper understanding of the top trending collectibles at present would make sure that the right investment is made.
To help the investors and make it convenient for them, here we have listed the top NFT collectibles in the year 2021.
NBA Top Shot
NBA Top Shot is a digital platform developed by Dapper Labs in a partnership with the basketball leagues and hence the name. NBA Top Shot has developed its own basketball trading cards which track the ownership through non-fungible tokens put on a blockchain by the creator Dapper Labs. The basketball digital cards have gained a lot of popularity in recent times with the users increasingly showcasing the cards online that they possess. This partnership has been immensely successful with basketball cards being valued at several thousand dollars. The service at the same time allows the users to buy as well as sell different NBA match highlights in the form of small clippings. For the purpose of putting the demand for these NFT collectibles in perspective, very recently the NBA Top Shot highlight video that featured LeBron James was sold for a phenomenal 208,000 dollars.
Now, the desirability of the same depends on three major factors.
- Firstly, the level rarity is a matter of immense importance because it determines the size of the edition per moment. The legendary card packs are quite rare with 50 edition sizes which happen to be the most expensive ones. On the other hand, the rare card packs happen to be a bit cheaper as compared to the legendary ones with their edition size ranging from 250 to 300. The common cards come in large edition sizes and are cheaper to buy.
- Secondly, each of the NBA cards of a moment comes with a serial number. The card with serial number 1 is the most desirable and so on.
- Thirdly, the desirability factor depends on the player and the moment.
Therefore, it becomes quite essential to note that the trades experience ups and downs with these platforms. But it is very likely that NFT collectibles are not going anywhere in the near future.
Another of the very recent digital or NFT collectibles is the Minecraft NFTs. These collectibles have been introduced to the market in January 2021. Though the collectibles are very new to the market, they have become extremely popular in such a small time. Minecraft NFTs are expected to boom in the time to come which can be very clearly understood from the superior popularity in such a short span of time from their inception. So, these collectibles are certainly one of the toppers to look out for in the year 2021.
The concept of Minecraft NFTs was brought to existence by Microsoft. They work in such a way that it rewards players of one of the highly popular games with non-fungible tokens that can be used inside the game Minecraft itself. With the non-fungible tokens acquired by the players, they are able to unlock new quests in the Minecraft games on the game’s server and spawn Microsoft Azure heroes with the help of the EnjinCraft plugin. The Minecraft NFTs allow the creation of a specific sort of interconnectedness between the game, applications, and the cryptocurrency to unlock a unique set of rewards or perks like Telegram/Discord benefits, fungible tokens, protective companions, and a number of others.
CryptoKitties is not an uncommon term. We have often heard the term in relation to either Bitcoin or Ether. CryptoKitties takes pride in being one of the first types of non-fungible tokens at the time when the movement started. Similar to all other non-fungible tokens, the CryptoKitties are unique and they exist as a digital asset. They are stored on a blockchain. Owning a cryptocurrency on a blockchain like Ether is different from owning CryptoKitties where there is a record of ownership of an individual token represented by a kitty.
The users can easily buy and sell the CryptoKitties, but at the same time can also breed the Kitties by themselves if they own to kitties. Moreover, they can also let their kittie breed with a public sire. Instead of selling their cat, they can make it available to breed with any other users’ kittie. The users buy, sell and breed on CryptoKitties’ website by themselves. In addition to this, the users can also trade the CryptoKitties at the OpenSea NFT marketplace.
CryptoKitties are very similar to Bitcoin since, in both, users are able to own a digital asset that holds value. With the use of a private key, the users are able to assign their kitty to a new owner at the time of selling it. This can be quite easily done in exchange for any other NFT collectibles, cryptocurrency, or even fungible cash. The value held by these CryptoKitties is huge. To give an idea about the same, very recently a CryptoKitty was sold at about 110,000 dollars.
SuperFarm is referred to as the NFT infrastructure of the next generation. It introduces completely new and improved farming of the non-fungible tokens. It is not a secret that farming of non-fungible tokens has been associated with problems in the past with a number of issues about their setup and the required coding. With the addition of continuous advancements to the decentralized as well as open infrastructures, SuperFarm authorizes each of the users to set up their farms very easily and at the same time create their own digital collectible ecosystem without the requirement of any kind of previous knowledge of coding.
Moreover, the users are also provided with a number of functionalities through SuperFarm that includes an NFT store, NFT farming, NFT creation, and ease of access to Superverse. The Superverse plays a significant role in carrying out complete NFT drops on a number of platforms of the partners. If any of the users can save up the necessary amount of tokens, they will also be given permission to access the Superverse NFT release.
Hashmasks are another of the top NFT collectibles to look out for in the year 2021. They are a bit different from the other mentioned collectibles. Hashmasks is a platform providing digital art collectibles from more than about 70 artists from all over the world. It was initially brought to existence by Suum Cuique Labs in Switzerland. At present, the number of unique digital portraits available on the network is about 16384. Each of the portraits has its own unique mask, character, items, and characteristics.
As with all the non-fungible tokens, each of the portraits can only be possessed by one person at a time. But Hashmasks need buyers to give the portrait purchases a unique name. It can be done with ease by the use of the unique token of the platforms that is the Name Changing Token or the NCT. The users can very easily and conveniently rename a Hashmask on the Ethereum blockchain with the availability of a total of 1830 Name Changing Token or the NCT.
The starting of the buyout of artworks occurred at the end of the month of January 2021 and after that, they were resold at a greater price. There is a wide array of Hashmasks available that includes pixel masks, animal masks, and unicorn animal masks. From January 2021, the total sales of Hashmasks have been phenomenal amounting to about 45 million dollars or 27,269 ETH, thereby clearly indicating their popularity since their launch at the start of this year.
The platform of CryptoPunks was launched first in the year 2017 in the month of June. It was launched by the American Game Studio named Larva Labs. CryptoPunks came into existence much before CryptoKitties, and are hence referred to as one of the OG of the game of non-fungible tokens. At present, there are about 10,000 CryptoPunk characters available. The available characters are paired with proof of ownership through the Ethereum blockchain.
There are a number of other creatures of CryptoPunks available which include apes, zombies, and aliens. The prices of CryptoPunks are huge. To give an example, one alien CryptoPunk 7804 was sold for about 7.5 million dollars. The particular sale broke all records of non-fungible tokens and happens to be the most expensive non-fungible token ever sold.
What is more surprising is that the original buyer of the alien CryptoPunk 7804 collectible paid about 15,000 dollars, thereby making a tremendous exponential profit of over 7 million dollars. It is of immense importance to keep in mind that CryptoPunks have made sure that they remain a rarity and would not create any more apart from the already existing number of 10 000. Possessing a CryptoPunk is undoubtedly a great achievement. If you wish to go for the CryptoPunks, it would be a very good idea to visit OpenSea which is one of the largest platforms for NFT collectibles.
What are the next steps to gain one?
After reading through, the investors can certainly gain a clear idea about NFT collectibles to go for. Getting started with non-fungible tokens can be quite challenging if one is a newbie in the field of cryptocurrency. If you do not have cryptocurrency in your portfolio you can go ahead and buy from Binance, Bitfinex, or any other top crypto exchange. The next step in this regard is to get a crypto wallet such as MetaMask or other popular ones for transferring the cryptocurrency to.
MetaMask is one of the best of the lot and readily compatible with most NFT collectibles. Once the cryptocurrency is transferred to the wallet, you can connect the same to any of the popular NFT marketplaces such as OpenSea to start buying or selling NFT collectibles. With a huge scope in the time to come, it would undoubtedly be a superb idea to invest in one of the top digital collectibles with the hope of a good amount of profit.