Some exciting projects are set to make their debut in 2023. From real estate to digital art and beyond, NFTs are making unique and mesmerizing experiences. With increasing trust on blockchain, people are taking keen interest in NFT.
Here are some of the most exciting and innovative NFTs to look out for in July 2023.
Bored Ape Yacht Club
Bored Ape Yacht Club (BAYC) has a collection of 10,000 unique Bored NFTs. A Bored app serves as access to the Yacht Club. It is a collection by Yuga Labs, and has a very active community of 1,014,973 Twitter followers and 210,325 Discord total users. There are 5,559 wallets holding NFTs in this collection. It includes 81 whales and 4,188 blue chip holders.
As per nftgo.io, the recent market performance of this collection shows this NFT holding a trading volume of 673.34 and being ranked the number one position on the volume basis. As per market cap, it holds the second position. The success of this NFT cannot be denied.
They have apes with rarer traits. At the time of its launch, BAYC NFTs were sold for 0.08 ETH, each worth about $190. Even today, several Bored Apes are still being sold.
Sandbox
After creating assets, one can upload them to Sandbox and can sell them as NFTs. The Sandbox is a community driven platform where creators can monetize assets and gaming experiences on the blockchain.
The Sandbox metaverse is constructed of LANDS. There are around 166,464 LANDS. LAND owners can host contents and events while also being able to make the assets and monetize them. They get the right to vote in the metaverse governance, play games, create and more.
Currently, the community has 1,060,806 Twitter followers and 287,985 Discord users.
Its current market cap is 53,054.72, so it holds the tenth position as per nftgo.io. It has completed 30 transactions. The sandbox land has issued 220,824 NFTs. There are 16,009 wallets holding NFTs in this collection. They have 22 whales and 1,995 blue chip holders.
This NFT gaming metaverse attracts those who want to create,sell, and monetize their own virtual reality NFTs.
Axie Infinity
Axis are wild creatures that engage themselves to battle, build, and hunt for treasure. The Axie players can earn tokens which can be converted easily to ETH. The community has 936,366 Twitter followers, and 621,883 Discord total users.
It has issued 33,86,72 Nfts. There are 45,279 wallets holding NFTs, which includes 12 whales, and 374 blue chip holders. It has a market cap of 18.26K and has a total volume of 22.54K.
About 95% of revenue goes back to the players, which is the main reason that attracts the users. Axie takes a 4.2% fee for buying and selling Axie NFTs.
Azuki
Azuki is a brand for the metaverse. It has a collection of 10,000 avatars and comes in the category of PFPs. It gives permission to the Garden. It has a market cap of 69.9K and total volume of 620.82K. The total holders are 4,397. There are 42 whales and 1,800 blue chip holders.
It is famous for its variety and rarity in collection. Azuki holders receive access to NFT drops, live events and streetwear.
Art Blocks
Art Blocks is a unique platform aimed to store generative content on the Ethereum Blockchain. They can be flat images or interactive 3D compositions. The artist makes the script and puts it on Ethereum.
It has a total volume of 504.44K total volume and market cap of 147.41K. It has 41,274 holders. It has 90 whales and 7,428 blue chip holders. It has completed 53 transactions. Its current market cap is 147,412.46 ETH. It includes images, video files or any art collection.
This NFT holds authenticity and innovation, thus attracting many. It also provides the traceability to trace the ownership history of the digital assets
Summary
Before investing in any NFT, always know what are the risks associated with it. Gain full knowledge of how the blockchain technology and NFTs work on a basic level.
Remember, the rarer the NFT is, the higher the price it will fetch on the NFT marketplace. Therefore, it is always good to invest in a project that has a limited collection of NFTs.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/07/07/the-most-exciting-and-innovative-nfts-to-look-for-in-july-2023/