Dear Happy Investor, the best NFTs make a lot of money. The most popular NFTs are currently selling for literally hundreds of millions of dollars. That's a lot of money for a digital image. It is because of this craziness that many speculators strive to find the best NFTs. But how to find the best NFTs and where do we recognize them? In this article we explain and give inspiration.
How to find the best NFT’s?
Finding the best NFTs can be a difficult and tricky task, as there are many factors to consider when determining which NFTs may be the best for you. Some things you may want to take into account include the following:
- Purpose or use case
What do you plan on using the NFT for? If you're looking for an NFT that you can use to represent digital assets like cryptocurrency, then you'll want to find the best NFT that is compatible with the blockchain platform your digital assets are stored on.
How much are you willing to spend on an NFT? Keep in mind that the best NFTs can be very expensive, while the risk of losing money is tremendously high. You should only invest with small amounts that you can spare.
How rare is the NFT you're considering? If there are only a limited number of a particular NFT available, then it may be more valuable and thus a better investment. Each NFT is unique but the best NFT is a one in a kind within a certain topic or domain.
- Team behind the project
Who is behind the NFT project? Do they have experience in the space and a track record of success? A strong team with relevant expertise can give an NFT project credibility and increase the likelihood of its success.
- Popularity of the NFT
Is the NFT you're considering popular among other users? If so, then it's likely that its value will continue to increase over time. Because there is no real intrinsic value (yet), often the best NFT is found based on its popularity. Especially the Fear Of Missing Out (FOMO) can be very strong. And in some unique cases, you might buy the best NFT and sell it to a very rich customer (like Snoop Dogg…)
- The underlying asset
What is the underlying asset of the NFT? Is it backed by a physical asset, such as gold or land, or is it completely digital? Understanding the asset backing an NFT can help to gauge its stability and long-term potential.
By considering these key factors, individuals can narrow down the field of available NFT’s and find those that may be more likely to offer valuable returns. Of course, it is always important to do one's own research before investing in any asset, including finding the best NFT’s.
Lastly, there is also a high factor of luck involved in finding the best NFT. At this moment it is a very premature market with a lot of speculation. The risks are very high as well.
5x Best NFT’s of 2022
NFT’s have been gaining a lot of popularity in recent years and their popularity is only expected to grow in the coming years. With the growing popularity of NFT’s, more and more people are looking to invest in them. If you are thinking about investing in NFT’s, here are some of the best NFT’s to consider at this moment.
Be aware that these are potentially best NFTs because they are currently popular. However, this is not to say that they are a good investment. As explained in our article on NFT for dummies, this is a very fledgling and speculative market.
Speculating is not the same as investing. Investing means making long-term investments in assets that create value. For example, the best stocks of strong companies that continuously generate more profits. Or investing in real estate in prime locations, which allows you to generate a nice cash flow as well as potential capital gains.
NFTs do not create economic value. It is purely a game of supply and demand. If you are right, and demand for your NFT increases, you can make a profit. If you are wrong, you are left empty-handed. After all, an NFT has no intrinsic value. In this aspect, you can compare it to a baseball card or even a Pokémon card: if you get your hands on a rare card, you make a killing. But for that, you have to get the rare gems. Whether the following potentially best NFTs are among them for the long term, we honestly do not know.
Potentially best NFT 1. Bored Ape Yacht Club
The project was launched in 2017 by a group of artists and creatives who wanted to create a new way for people to invest in and own digital art. The project has gained a lot of attention from the art community and has been featured in numerous publications. The platform has also been used by some of the world's most famous artists, including Damien Hirst and Banksy.
How could the Bored Ape Yacht Club be one of the best NFT?
The Bored Ape Yacht Club is an exclusive club for the ultra-wealthy. It is invited only, and membership costs a staggering $100 million dollars. But what does one get for their money? For starters, members get to moor their yacht in the club's private marina. They also have access to a fleet of private jets and helicopters, as well as a team of professional staff who are on hand 24/7 to cater to their every need.
But the real reason people join the Bored Ape Yacht Club is for the parties. Every year, the club hosts some of the most lavish and extravagant parties in the world, attracting celebrities, royalty and wealthy socialites from all over the globe.
Well, for starters, it's a rare and exclusive asset. There are only 100 members in the club, so there are only 100 NFTs available. That makes it a valuable collector’s item that is sure to appreciate in value over time.
But more than that, owning an NFT of the Bored Ape Yacht Club gives you a piece of history. This is the first ever NFT to be created for a private club, and it is likely to be the most sought after and expensive NFT ever created. This is why it could be the best NFT.
Potentially best NFT 2. CryptoPunks
This is a very rare and highly sought after NFT because there are only 10,000 of them in existence. They were created back in 2017 by an artist called Matt Hall, and they each have a unique punk-inspired design. What's more, they can be bought and sold on a number of different platforms, including Ethereum's blockchain.
The reason why CryptoPunks are so popular and belong to the best NFTs is because they are seen as being a good investment. This is because their value has increased significantly since they were first released. In fact, one CryptoPunk was recently sold for over $100,000! This shows that if you invest in the best NFTs now, you could make a lot of money in the future.
However, CryptoPunks already gained a lot in value nowadays. Also, there are “only” 10.000. From another perspective that is quite a lot.
If you're looking for a unique and one-of-a-kind investment, then CryptoPunks may be interesting. These digital collectibles are each represented by a unique "punk" character, and they're generated using blockchain technology. That means that there's a limited supply of them in existence, and each one is totally unique. It could be interesting to find the best NFT among the CryptoPunks “art line”.
Potentially best NFT 3. Axie Infinity
Axie Infinity is a digital pet universe where players can collect, breed, and battle their cute little creatures called Axies. There are currently three types of Axies available in the game: Land, Sea, and Sky. Each type has its own unique characteristics and stats.
Players can earn rewards by playing minigames, participating in battles, and completing quests. The game also features a marketplace where players can buy and sell Axies and other items using the in-game currency called SLP (Synthetic Life Points).
The popularity of Axie Infinity has been growing steadily since its launch in 2018. The game currently has over 100,000 registered users and is one of the most popular games on the Ethereum blockchain. The price of Axies has also been rising steadily due to the increasing demand from players.
The reasons for investing in NFTs of Axie Infinity are many. The game is well-designed and has a strong community of supportive players. The team behind the game is constantly adding new features and content, which keeps users engaged. The price of Axies is also expected to continue to rise as the game grows in popularity.
Investing in Axie Infinity is a way to get involved in the growing world of blockchain gaming. The game offers a fun and rewarding experience for players, and the price of Axies is only going to continue to increase as more people discover and fall in love with this digital pet universe.
Axie could be one of the best NFT for long-term. It all depends on whether the popularity of the game increases over time
Potentially best NFT 4. Cryptomines Reborn
One of the most promising projects and potentially best NFT is Cryptomines Reborn. Developed by a team of experienced game developers, Cryptomines Reborn is an expansive and immersive online world that allows players to mine for crypto assets and trade them on a decentralized exchange.
What sets Cryptomines Reborn apart from other crypto games is its focus on delivering an unique gaming experience. From 3D graphics to the massive open world to the deep and complex gameplay, there's something for everyone in this game.
If you're looking for a way to get involved in the exciting world of NFTs and crypto metaverse games, then Cryptomines Reborn is definitely worth checking out. This is something for the younger generation and could be included to our ideas for young investing.
Potentially best NFT 5. Decentraland NFT’s
Decentraland is possibly among the best NFTs today. Decentraland is a crypto world in which land can be purchased. This is virtual real estate. By means of an NFT, this land is recorded. Meanwhile, within Decentraland, pieces of land are sold for thousands of euros. The more land is bought, the less available. And if demand continues to increase, the price will rise. This is why Decentraland may be among the best NFT.
Read more about real estate metaverse here.