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Top 7 NFT Collections in the Crypto Market

Top 7 NFT Collections in the Crypto Market Learn

You’re not far from getting rich. Preparing yourself for NFT creation can make you rich in any way. Nowadays, the entire crypto community looks so enthusiastic and interested whenever Non-Fungible Token collections topics arise. This is due to how NFTs are gradually becoming the people’s taste of our time.

In addition, the rising public sentiment about the top NFT collections, their features, and usage is even getting out of hand with more positive impact day by day.

Moreover, Non-fungible tokens (NFTs) continue to gain mainstream traction. The increasing popularity has indeed made NFTs collections an asset class to care about mainly in the digital asset space.

For this reason, the CoinQuora team has set out to further discuss everything about NFT collections. Also, after reading our top NFT collections article, we wish you will get the desire to also embark on NFTs activities.

We have been curious and more observant of how creators are making huge sums of money these days continuously through NFTs creation. In February this year, an unknown creator made over $300 million NFT sales via the NFT open-source marketplace.

In this article, we will enumerate the top NFT collections to aid you to speed up your non-fungible tokens activities. As an advocate, you have the free will to enter into the NFT world but choosing the top NFT collections for better returns can be a hefty thing to do. We are here to guide you through.

Without further delay,  let’s take a look at what NFTs are. First, knowing what NFTs are will help you get a deeper understanding to also know the top NFT collections.

What Is NFTs?

Hey, crypto fan! Never think complex whenever you hear NFT. It is something simpler than you think. The abbreviation NFT is simply a Non-Fungible Token. NFTs are also part of blockchain technology use cases. In fact, they are entirely new emerging technologies in the tech sector today.

NFTs are a unique asset class of tokens. Of note, NFTs are purely arts and digital items. It includes digital assets, images, songs, collectibles, GIFs, memes, and more. Honestly, non-fungible tokens actually come with higher prices when trading.

In particular, not only the aforementioned NFTs forms exist. There are countless and varieties of top NFTs collections trading at preferred NFT marketplaces. NFTs appear to impress users in many forms. You can even describe a painting, audio snippets, and video games as NFT.

Many people believe that cryptocurrencies are part of NFT, but in reality, cryptos are not NFT. Even, the first largest cryptocurrency in terms of price and market capitalization: thus Bitcoin is not a non-fungible token. Also, Ethereum and ERC-20 tokens are not unique assets like NFTs. However, BTC and ETH operate separately in their own field.

In comparison, NFT or ERC-721 tokens specifically share unique traits in their operation. In fact, their uniqueness holds their identity. ERC-721 is entirely unique. It mainly tells how NFTs are created and it also shows more unique tokens via the Ethereum blockchain.

Unlike cryptos where you can possibly switch through, NFTs do not. This means that NFTs are not interchangeable by nature. To execute your created NFT artwork to reach the global fanbase, then be aware that NFTs work greatly with the media.

In addition to this, you can successfully sell your NFTs at a higher price if you have lots of people who like the type of digital artwork you do.  Furthermore, if a customer purchases your NFT, he or she becomes the sole owner of the NFT but not the original creator anymore.

In this case, the new owner now has the right to decide when he or she will sell. Now let’s quickly move forward and discuss the most promising and top NFT collections.

Top 7 NFT Collections

CryptoPunks

There are many NFT collections available. However, among all, CryptoPunks is the first-ever NFT in the virtual world. Also, there are over 10,000 CryptoPunk NFT collectibles characters that exist under the Ethereum blockchain. Larva Lab is the creator and mastermind behind CryptoPunks.

As a forefather of NFTs, many NFTs exist today inspired by CryptoPunks. Despite it being numerous, none of the CryptoPunk characters look the same. They are mainly owned by individual people and run on the ETH blockchain.

Of note, to satisfy everyone, Co-Founder Larva Labs made CryptoPunks available and free of charge. For this reason, all the 10,000 NFT that was created got finished early. This means that currently if anyone would like to place a buy order, they must purchase from others through a blockchain-based NFT marketplace.

Within the NFTs marketplace application, buyers have the free will to do anything they wish to do related to non-fungible tokens. Buy, bid, and also offer punks for sale.

Take note: CryptoPunks items appear in several different colors and forms due to their function. However, to mention a few, they appear in a blue background, red background, and purple background.

Art Blocks

We cannot talk about non-fungible tokens without talking about Art Blocks. Art Blocks are also top NFT collections. Art Blocks are mainly compatible NFTs on the Ethereum blockchain tech.

Moreover, Art Blocks is a generative art. With Art Blocks, collectors can easily mint tokens. They however mint their tokens without even knowing what they will receive in return. 

Additionally, the artists of the Art Blocks code the platform in a more lucrative style to occasionally produce different forms of variables randomly.

Sorare

The blockchain tech Sorare is also among the top NFT collections under our discussion. It is a football-focused non-fungible token. It aims to bring fantasies into reality. Specifically, with the Sorare NFT, players can eventually play with an officially licensed digital card and redeem lots of prices.

The Sandbox

Next is The Sandbox. It is an online gambling NFT platform. Also, The Sandbox is an Eth-based metaverse. As a decentralized NFT gaming platform, it enables you to create, own, share and monetize assets and games.

More so, The Sandbox provides a customized gateway that even allows you to massively experience the Ethereum blockchain by using its native token SAND.

Players can use The Sandbox to build different styles of NFT digital assets and upload them into several other NFT marketplaces. In contrast, a Sandbox game is also called an open-world or roaming game in the virtual artwork.

Meebits

In the virtual art world, there are over 20,000 unique 3D voxel characters. However, these characters were specifically built from a custom generative algorithm. Notably, Meebits also uses the Ethereum blockchain entirely in its operation.

ERC-721 mainly plays an intuitive role in Meebits NFT operation. It mainly portrays ownership and it is fully compatible with exchange services.

SuperRare

Let’s utilize this opportunity to also dissect SuperRare NFT alongside our top 7 NFT collection news guide.  SuperRare is simply a digital assets marketplace for non-fungible tokens.

On the other hand, SuperRare is also a social network that helps artists to tokenize artworks as a crypto-collectible digital asset. In particular, you can own and authentically trade the tokenized assets.

By using SuperRare’s NFT art network, digital artists successfully create a limited edition of SuperRare. Issuing this helps to mainly trace them via blockchain to show proof of assets history and also curb counterfeiting activities.

Decentraland

Last but not least on our top NFT collections is Decentraland. Launched in 2017. Decentraland is among the popular and recognized non-fungible tokens available. In fact, Decentraland has maintained its mainstream publicity constantly on the topic of NFTs.

In detail, the Decentraland NFT platform executes its services in a virtual world and has no government flaws. Also, in Decentraland, the real holders of land are purchased, and then it’s sold directly in the form of non-fungible tokens (NFT). It is built on the Ethereum blockchain.

Within the “Ready Player One” ecosystem, Decentraland appears the most likened technology. What is more, by choosing Decentraland NFT, users get the chance to safely play, explore, and even have more interaction with games and several other blockchain-based NFT activities.

Furthermore, as admirers, you can also buy parcels of land anytime and anywhere on the Decentraland NFT marketplaces, applications, and begin to build on your own environment.

Conclusion

We strongly believe that by reading our top NFT collections tutorial, your understanding of Non-Fungible Tokens (NFTs) is now deeper. NFTs are relatively new in technology in the sector. For this reason, it is now gaining many people’s attention with more promising features.

Looking at the pace at which NFTs are dominating, many believe that in no time, NFTs will revolutionize their sector entirely. You can easily trade them on a blockchain-based marketplace. Even more, not only on marketplaces, but you can also buy and sell NFTs from other people.

Note: never confuse yourself with NFT and cryptocurrency. Though NFT and cryptos use blockchain technology, they are vastly different altogether. If you still have doubts about NFTs, don’t hesitate to read back our top NFT collections article for further clarity.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.