What Are the Best NFTs to Buy? A Deeper Insight into the Topic
NFTs are one of the basic crypto trends of today. This concept is still in the early stages of its development, but even now it has great potential for the crypto market. In addition to other opportunities, this is an attractive object to invest in today. The offer on the market is immense and the market supply is growing at a faster pace, gaining more and more attention. But so much choice can be disconcerting even if you are an experienced investor, what to say about newbies. It is not easy to evaluate all factors and make the right choice. Let’s try to find out what the best NFTs to buy are and what potential pitfalls may be expected.
How to Choose the Best NFTs to Invest in
All successful investors know a simple rule: never buy something without taking all significant factors into consideration. There’s honor in taking risks, of course, but not in the case of investing money. Who dares wins but you’d better learn to take intelligent risks to raise money. Check out this list of basic factors that shouldn’t be ignored.
Who Creates the Collection
Mind the author of the collection if your aim is to invest and to get revenue once. The collections created by more popular authors are potentially more attractive objects of investments.
Try to Catch the Beginning
Newly minted NFTs tend to be sold for an affordable price before they gain popularity. But then their value may increase eventually and you’ll have an expensive asset.
It is better if an NFT is not just a digital piece of art but also provides you with some practical value. For example, the Bored Ape Yacht Club NFTs are not just funny images but they also give membership rights of granted access to a private online club.
Their Owners’ Names
The more popular people own the NFT, the more public attention is paid to it. And consequently, the value of this collection increases as the fans of celebrities follow their icons’ choice.
The Top 5 Best NFTs to Buy Right Now
Reading articles and news on the topic, you come across numerous lists and charts of the best NFTs to buy in 2022. They offer different project names that are sufficiently varied to cater to different tastes and requirements. Of course, they are highly subjective as it is with other crypto assets but anyway, they may help to form your own opinion on the topic. Here is our list:
- Battle Infinity
- Lucky Block
- Axie Infinity
All these projects are worth your attention and, of course, they are unlikely to become less attractive for investors in 2023. Let’s take a closer look at them.
A Closer Look at the 7 Best NFTs to Buy in 2023
If you are fond of sports, you will find them here. This is a gaming platform that gives its participants access to P2E games such as football, cricket, kabaddi, and basketball integrated into a metaverse. In-game assets like characters and weapons are tokenized and are provided in the form of NFTs. The project’s ecosystem is fueled by IBAT, its native token.
Do you like horses and horseracing? If yes, this project is absolutely for you. This is a blockchain-based metaverse that gives its participants an opportunity to sell, buy, own, and get rewards from racing horses. This collection is created using real horses as prototypes for their virtual analogs. And when a real horse wins in races, the owner of a virtual counterpart gets profit. Each unit has its unique traits that are based on its real counterpart.
This platform is designed for those who like to win prizes. As Lucky Block is built on blockchain, the prize drawing is more transparent and honest. The project’s team has also launched an NFT collection that gives its owners an opportunity to take part in lotteries and be rewarded for holding Lucky Block NFTs. Lucky Block NFT is an mp4 video file with a rotating image of a platinum card and a number. Combining both GameFi and NFT elements into the project, the team has attracted numerous supporters.
It was one of the first projects that offered players an opportunity to earn while playing. This is an online blockchain-based game that enables participants to collect treasure and fight with other players. You can buy an NFT creature (Axie) and then boost its skills to enhance its value. You may use your pats for battles or sell them on the marketplace.
This is an innovative crypto project in the field of real estate. It aims to make investing in real estate accessible to any person who doesn’t even have enough money to do this IRL. At this platform’s participants can invest small amounts buying a part of really existing property. This type of investments provides passive income from rentals. Non-fungible tokens are used to represent pieces of this real estate.
Best Wallets for Storing NFTs
Take care of an appropriate wallet in advance. Today, the market has many options to offer and you will be able to choose any to your taste. Mainly, they demonstrate the same functions with little difference, so pay attention to the level of security and reputation of the project. A user-friendly interface also matters. Make sure that a wallet of your choice supports NFTs.
If you are a newcomer, you’d better opt for one of the reputable and well-proven wallets. You may choose any from this list below:
- Coinbase Wallet
- Trust Wallet
How You Can Buy the Best NFTs
Well, now you have a wallet and want to move on. What should you do to become an owner of this cool stuff? The process is not so difficult.
First, you need crypto to buy the tokens you want. If you don’t have it yet, you need to buy it for fiat on the exchange. You wouldn’t make a mistake if you buy ETH as NFTs are mainly ERC-based. To do this, create an account on the exchange, deposit money, and buy tokens. Then set up a wallet and make a withdrawal.
Now that you have crypto to make a purchase, connect to a marketplace to obtain NFTs. Create an account, verify it and buy the NFTs you want. As you can see, the process is simple and clear.
What is the most popular NFT?
According to the statistics, the Bored Ape Yacht Club is the best NFT to buy on Opensea, the largest marketplace for NFTs and crypto collectibles. Otherdeed and RobotEra are also among the favorites.
What is the best NFT to buy?
There is no precise answer to this question as NFT doesn’t have an absolute value. But there are some projects that look promising like Silks, Lucky Block, or EstateX already mentioned above.
What NFTs are best-selling?
Investors prefer NFTs with more real value but not pure pieces of art. The utility seems to be more reliable than aesthetics. That is why you’d better look for tokens that provide you with additional options.
What is the most valuable NFT?
This is the picture named “The Merge” created by Pak. It was sold for $91.8 million in 2021, and it seems that it’s only the beginning.