The NFT industry is growing quickly, offering profitable opportunities for investors and traders. But with countless digital art collections available, determining the best NFTs to buy can be overwhelming.
In this guide, we’ll dive into some of the most popular NFTs to invest in right now. We’ll look at factors like artist reputation, market trends, and community engagement to help you make better decisions.
Here is our list of the top 7 best NFTs to buy now based on their recent sales volume and popularity:
Let’s take a detailed look at the best NFTs to buy and invest in right now to make profits. The list includes some popular NFTs to invest in different blockchains including Ethereum, Solana, and Bitcoin.
BAYC’s success is largely due to its strong community and expanding ecosystem. The owners, often referred to as “Ape Nation”, have fostered a vibrant culture surrounding the project. BAYC has also inspired several spin-off best NFT collections, including the Mutant Ape Yacht Club (MAYC) and Bored Ape Kennel Club.
Beyond being mere digital art, BAYC offers tangible benefits to its holders. These include exclusive access to events, merchandise, and future developments. The collection has attracted several high-profile followers, including celebrities like Justin Bieber, Eminem, and Jimmy Fallon, who have become part of Ape Nation. Plus, companies like Adidas have also invested in these NFTs.
The magic happens when you create your fantasy team using these cards. Your team’s performance is directly linked to the real-life performance of the players on your roster. This means your strategic choices and a bit of luck can earn you significant rewards, including cash prizes, more player cards, and exclusive experiences.
But Sorare isn’t just about gameplay. The digital player cards are NFTs, which means they are scarce and have real-world value. As player performance fluctuates and demand changes, so too does the price of their digital NFT cards.
Sorare has attracted over 4.3 million users and formed partnerships with more than 300 football clubs and leagues globally, including major leagues like La Liga, Serie A, and the Bundesliga. Some high-profile cards, such as those of Lionel Messi and Cristiano Ronaldo, have sold for over $100,000.
What sets SMB apart is its community-driven approach. Holders aren’t just owners; they’re members of the MonkeDAO, a decentralized autonomous organization that gives them a say in the project’s direction. Also, SMB NFT holders enjoy exclusive membership perks, including access to special community events, limited-edition merchandise, and the possibility of future airdrops.
The collection has gained significant attention in the Web3 community, especially after Bored Ape Yacht Club co-founder, Wylie Aronow (aka Gordon Goner), purchased a rare NodeMonke, sparking a surge in demand.
It also includes a set of 400 honorary NodeMonkes created to celebrate Web3 luminaries. As of mid-2024, the collection has seen significant sales, including a record-breaking sale of one NodeMonke for 17 BTC, equivalent to over $1 million.
The characters are divided into several categories, including 6,039 male Punks and 3,840 female Punks, with some rarer types like zombies, apes, and aliens. Each character has distinct attributes such as accessories, hairstyles, and facial expressions, which contribute to their uniqueness.
Crypto Punks started as a free mint and quickly transformed into a multi-million dollar phenomenon. The scarcity of these pixelated NFT arts, combined with their early mover advantage, has driven their value through the roof. Some CryptoPunks have sold for millions of dollars.
In the early days, Crypto Punks inspired the ERC-721 token standard, which is the foundation for most NFT projects today. The collection has seen a total trading volume exceeding $3.89 billion with a current average floor price of 22 ETH each.
The project has a fictional metaverse city called Hilumia, where its characters and stories come to life. To broaden its community, Azuki introduced a companion NFT collection called BEANZ, which includes nearly 20,000 NFTs.
While Azuki’s initial mint price was 1 ETH, its floor price has skyrocketed, currently standing at a whopping 4.2 ETH. This surge in value, coupled with its active community and ambitious roadmap, makes Azuki a compelling contender for your portfolio of best NFTs to buy.
Like traditional collectibles, rarity and scarcity significantly influence an NFT’s value. Limited edition NFTs with unique attributes tend to be more desirable and potentially more valuable. Also, you can look for NFTs offering additional benefits. The Decentraland virtual real estate NFTs, for instance, allow owners to build and monetize content within the platform, providing utility beyond mere ownership.
A thriving, engaged community is a cornerstone of a successful NFT project to buy. Strong community involvement fosters growth, creates demand, and supports the asset’s value. Active participation on social media platforms, Discord channels, and other community forums can provide valuable insights into the project’s momentum.
While Ethereum hosts many popular NFTs, alternatives like Flow (used for NBA Top Shot) or Solana offer different features. Understanding these can help you make informed decisions about which NFT ecosystem to invest in.
NFTs can be bought on various online NFT marketplaces that specialize in digital collectibles. The top NFT platforms for purchasing digital art include OpenSea, Magic Eden, and LooksRare.
In conclusion, among the top NFT collections are Bored Ape Yacht Club, Pudgy Penguins, and Sorare, known for their strong communities and impressive trading volumes. Other NFT projects to buy now are SMB, Node Monkes on Bitcoin blockchain, and Crypto Punks. These collections not only showcase unique digital art but also provide tangible benefits and exclusives for their holders.
When selecting the best NFTs to buy, consider their market value, team, community engagement, and additional perks. By focusing on these factors, you can make profitable decisions and potentially benefit from the growing NFT space.
Beginners can invest in NFTs by setting up a cryptocurrency wallet like MetaMask or Phantom. Once funded with ETH or other supported cryptocurrencies, explore popular NFT marketplaces like OpenSea. The best NFT to buy for beginners is BAYC on the Ethereum blockchain and SMB on the Solana blockchain.
Investing in NFTs offers several advantages. First, NFTs provide access to unique digital assets with verifiable ownership on the blockchain. Second, they often represent innovative projects with strong community engagement, which can drive up their value.
Bored Ape Yacht Club (BAYC), CryptoPunks, and Sorare are some of the best NFT projects to buy due to recent increases in their sales volume and popularity. BAYC and CryptoPunks are renowned for their artistic value and strong communities, while Sorare offers a unique blend of NFTs and fantasy sports.
Bored Ape Yacht Club (BAYC) currently stands out as one of the most popular NFT art collections. Its distinctive style, celebrity endorsements, and strong community have driven substantial price appreciation.
BAYC and CryptoPunks are popular choices due to their established track record. For those interested in the Solana blockchain, “SMB” could be an option. Sports NFT enthusiasts might consider “Sorare” for its unique gameplay and potential rewards.
The optimal time to purchase NFTs is challenging due to the market’s inherent volatility. Periods of increased interest and media coverage often lead to price surges. However, buying at peak hype can also result in rapid value declines.
Also, NFTs backed by strong communities, utilities, or partnerships tend to hold value better during market downturns. NFT investors with a higher risk tolerance may prefer buying during initial offerings (IOs) for potential early gains. Those seeking stability might opt for established projects with a proven track record.
Yes, NFT safety is relative. While blockchain technology, the foundation of NFTs, offers robust security for ownership verification, the underlying asset itself can be vulnerable. Factors like project, team, personal security practices, and the potential volatility of NFT markets significantly impact the overall safety of your investment.
The gaming NFT collections are generally cheap NFTs due to their in-game use-case and to attract more new users. Sorare is one of the cheapest NFTs to invest with a floor price of 0.003 ETH only.
