Top NFT art collections have become premium commodities following the investment in the Non-fungible tokens (NFTs) sub-sector this year.
NFTs are digital representations of real-world objects, such as images, music, short clips, or even art. Although these cryptographically-unique tokens started in 2017, over $10 billion has changed hands to date, indicating that NFT art collections are likely here to stay.
CryptoPunks is one of the first NFT art collections launched on the Ethereum network. The asset has 10,000 uniquely generated characters that show pixelated digital images of different animated figures.
The unique thing about the project is that founders Matt Hall and John Watkinson gave them away for free during the early stages.
Now, the only way of getting your hands on any of the unique 10,000 CryptoPunks is by either bidding or buying it on a secondary marketplace like OpenSea.
The CryptoPunks project has continued to hit record values and has seen secondary all-time sales at $1.66 billion. This makes the asset among the top NFT art collections for many and a worthwhile investment.
The PUNK token is trading in the red zone at press time, down 16.02%, and trailing the broader crypto market. The art collection is also trading below the 20-day moving average (MA) support price of $430,112 in the last 24 hours.
2. Bored Ape Yacht Club (BAYC)
The fascinating Bored Ape Yacht Club is next on our list of top NFT art collections to buy now. The BAYC features a selection of ‘bored’ primates, and each primate features its unique look, style, and trait.
The NFT collection has appealed to several celebrities who now buy these digital images and use them as their profile pictures.
Price-wise, BAYC is performing well and recently hit an all-time high (ATH) of $217,751 today. At press time, BAYC is trading at $205,330, up 9.7% in the last 24 hours.
According to the development teams, Meebits are expected to serve as avatars for virtual worlds, games and virtual reality experiences. Alongside this, the ERC-721 tokens also boast a no-fee marketplace mechanism that enables the exchange of 100 Meebits per transaction.
When the asset was launched in early May, 1 Meetbit was sold for 2.5 ETH ,but since then, the NFT art collection has surged to as high as 50 ETH.
4. Hashmasks (MASK)
Hashmasks is a digital art asset made from the joint contribution of over 70 global artists. It is a set of 16,384 unique digital portraits launched by Suum Cuique Labs from Switzerland.
Holders of the Hashmasks NFTs accumulate NCT tokens daily, allowing you to designate a name for your portrait on the Ethereum blockchain. The appeal surrounding its NCT token makes it one of the top NFT art collections to invest in now.
The digital artwork feature two layers of scarcity, including general guidance to the consumer and total control of their portraits to the consumer.
Hashmasks prides itself as a future-proof NFT collection, given that the asset is not predetermined but will continue to evolve.
5. Bored Ape Kernel Club (BAKC)
Bored Ape Kernel Club (BAKC) is a spinoff of the Bored Ape Yacht Club. According to the development team, BAKC is meant for holders of BAYC NFT art collections and is an exclusive collection for the members of the BAYC community.
BAKC enables holders to print their own NFT dog for free as long as they own an Ape NFT. BAKC has recorded huge sales as its older cousin, with record pegs of 420 ETH going for the NFT art collections.