Top 3 NFT projects you can enjoy in 2023
The popularity of NFTs is overgrowing. With the proliferation of cryptocurrencies and blockchain technology, more people are becoming aware of and using NFTs for various purposes. Additionally, companies and organizations are beginning to recognize the potential of NFTs in multiple sectors, such as art, gaming, and finance. As more people become familiar with the concept of NFTs and their potential applications, the popularity of NFTs is expected to continue to grow.
So, what are NFTs?
Put simply, an NFT is like a digital “certificate of authenticity” for unique crypto assets. With it, you can own everything from digital art to rare collectibles.
It is a digital asset with unique properties that make it useful in the digital world. It typically has a value that is based on a percentage of the cost of the item being purchased. Sales tax is usually calculated by multiplying the item’s price by the sales tax rate and then adding the result to the cost of the item.
Although NFTs have been around since 2017, their popularity skyrocketed in 2021. According to CNBC, NFT trading will reach $17.6 billion in 2021, a 21,000% growth from 2020. Volumes have averaged roughly $687 million per week as of March 2022.
So, what are the best NFT project examples? Let’s discuss the top 3 of them below.
Bored Apes Yacht Club
On the market, one of the most well-known NFTs is the Bored Ape Yacht Club (BAYC). There is a 579,300-transaction volume at the current floor price of 90 ETH, which is more than $164,000 in value. Celebrity customers are infamous for purchasing from BAYC. These NFTs are bought by celebrities, who then post them on social media with the BAYC hashtag and create an unplanned influencer marketing NFT campaign.
Users who buy a Bored Ape enter the “club” that is exclusively open to NFT owners. When people witness celebrities purchasing these NFTs, they are inspired to do the same to have the opportunity to interact with them in person or on other servers. Each ape is distinct and belongs only to the token bearer, which is free to do as they choose with them. Some well-known ape owners include Jimmy Fallon, Eminem, Neymar Jr., Snoop Dogg, and others.
A Journey with the Dogg
Speaking of Snoop Dogg, his most recent NFT release, “A Journey with the Dogg,” is a compilation of NFT art and memories from the rapper’s youth. The rapper’s original song, “NFT,” was also included in the drop. This is just one of several NFT drops that Snoop Dogg has made. The artist has established himself as a well-known and influential figure in the NFT community. The “Journey with the Dogg” album’s earnings will help young, developing musicians in the crypto realm as well as Snoop’s Youth Football League.
NBA Top Shot
NBA collectibles, or “Moments,” that include highlights from the NBA’s best players, are available for purchase on the website NBA Top Shot. This consists of real-time on-court footage, action photos, game statistics, and limited edition, individually numbered memorabilia.
In addition, the “NBA All-Star VIP Pass NFT Auction and Giveaway Sponsored by Top Shot” was introduced by NBA Top Shot in February 2022. NFT Now reports, “the auction included 30 unique digital artifacts and one-of-a-kind NFTs representing every NBA franchise. With these, every owner receives a VIP ticket for the next five NBA All-Star games.
For the NFT campaign, NBA Top Shot also produced a video commercial starring Kevin Durant. Through this campaign, NBA superfans are introduced to the NFT community and given a chance to participate in an opportunity of a lifetime. Owners of tokens can keep the token for the next five years or sell it to a new holder.
To conclude
It is all virtual and not real, but it has significant real-world consequences. As a result, NFT technology will probably stick around as another illustration of the industry’s rapid evolution.