How much are the most popular NFTs going for right now?
The NFT or Non-Fungible Token market has taken a dive this year, reflecting the overall negative sentiment in the crypto ecosystem. According to blockchain analytics firm Dune Analytics, NFT prices have fallen by a whopping 97% – from a high of US$17 billion early this year to US$470 million by September. Despite the sharp decline in the NFT market, experts remain optimistic.
A report published by Verified Market Research has projected that NFTs will increase in value to US$231 billion by 2030. The firm also valued the global NFT space at US$11.3 billion by 2021 and predicted growth for the sector at a compound annual growth rate of 33.7% over the next eight years. NFT sales have remained steady in the first half of the year, with crypto users shelling out $2.7 billion to mint fresh NFTs. Let’s take a look at the prices of the most popular NFTs right now!
Bored Ape Yacht Club
Bored Ape Yacht Club (BAYC) is a collection of 10,000 artworks of cartoon monkeys created by Yuga Labs LLC. The launch of Bored Apes NFTs coincided with the time when NFTs were at their peak and because of this they have become a forerunner in the industry. It is a collection of 9,999 randomly generated artworks, made from 170 unique properties. Each Bored Ape Yacht Club gets access to member benefits such as merchandise, real-life encounters and various rewards.
Owning a Bored Ape at one point had become such a selling point for NFTs that a bunch of celebrities including Timbaland, Eminem, Neymar Jr. and Jimmy Fallon changed his Twitter profile pictures to Bored Ape artwork.
In April, the entry for Bored Ape Yacht Club NFTs was at USD 400,000, but has fallen since the crypto crash to around USD 150,000. On November 15, the value of BAYC NFTs fell below Cryptopunk’s NFTs based on floor values. The Bored Apes floor currently stands at 58.50 ETH which equates to USD 73,039 at current ethereum rates.
CryptoPunks
One of the earliest entrants into the NFT world, CryptoPunks was launched in 2017 and features artwork of simple 8-bit pixelated images that are generated algorithmically and usually depict human characters in a punk style. But there are rarer CryptoPunk artworks that include zombies, aliens, and monkeys.
CryptoPunk NFTs have previously sold for millions of dollars, and CryptoPunk #5822 was sold for close to $23.7 on Ethereum. CryptoPunk’s collection was eventually acquired by the owner of Bored Apes, Yuga Labs LLC.
Previously, CryptoPunks had the highest floor price on the market until Bored Apes crossed it in December 2021. However, figures from the last ten days showed that the floor value of CryptoPunks was above the 60 ether zone while the floor value of BAYC fell below the 60 ether limit.
Azuki
Azuki’s NFT collection launched early this year and first gained attention due to a popular marketing campaign on Twitter. The collection contains 10,000 anime-style profile pictures and was originally priced at US$3,400 for 8,700 artworks, which sold out in the first four minutes. Azuki NFT owners gain access to their metaverse called ‘The Garden’.
Azuki’s artwork was also appreciated for its artistic value, as one of the founders was an art director on ‘Overwatch’, a first-person shooter.
Azuki’s floor price is currently around USD 11,005.18 with a 24-hour trading volume of 47.52 ETH. To date, a total of 10,000 Azuki NFTs have been minted with a market capitalization of USD 110,051,760.
Azuki has continued to hold high in the OpenSea rankings for sales and floor price five months after launch. The collection has earned USD 300 million in trading volume after 30 days.
Moonbirds
Moonbirds is another new NFT collection released this year that has built a cult following of more than 200,000 Twitter followers due to a community-based movement and profile picture images. Created by Proof Collective, Moonbirds is co-founded by Kevin Rose, a Web3 developer and founder of social site ‘Digg’. The collection’s artwork contains 2D images of birds.
Moonbirds’ collection includes 10,000 free profile pictures of which 10,000 NFTs were minted and owned by 6,588 individuals with a total market value of USD 88,963,855.
According to CoinGecko, Moonbirds has a floor price of USD 8,896 with a 24-hour trading volume of 32.11 ETH. Moonbird’s ownership offers additional benefits such as private club membership for users who hold the NFTs longer.
VeeFriends
Author and serial entrepreneur Gary Vaynerchuk, or Gary Vee, has had his own line of NFTs. Vaynerchuk got involved with crypto in 2017 and with NFT much later in 2020. He has built a personal NFT collection consisting of 10,225 NFT artworks with artwork created by Vaynerchuk himself.
VeeFriends’ current price floor is USD 6,886 with a 24-hour trading volume of 17.36 ETH. Until now, VeeFriends has a total of 10,255 NFTs minted which are owned by 5,179 owners and a total market capitalization of USD 70,662,635.
Each NFT holder has three years of access to VeeCon, Vaynerchuk’s annual Web3 conference in Minneapolis that gives members a chance to socialize and participate in giveaways.
