Most Popular NFTs: Week of October 19

Market analytics platform Cryptounfolded released data this month showing that sales of non-fungible tokens (NFTs) on OpenSea, the largest marketplace for digital collectibles, fell 60% from Q2 to Q3.

Despite the weakness in the crypto market, investors can still find opportunities in the NFT space. The following is a highlight of some of the movers in the NFT world over the past seven days.

YuGiYn

YuGiYn is a collection of 8,888 characters that takes the popular Japanese manga and anime art phenomenon and applies it to NFTs and the metaverse. There are 4 districts in the virtual world and players can move between districts and interact.

With $1.68 million in volume and a floor price of 0.2 ETH ($260), YuGiYn was one of the top ten for weekly sales last week. The reason: the project has recently created or published a unique digital resource on a blockchain so that it can be bought, sold and traded. The idea was to build a “digital economic zone through Tokyo Culture” so that users around the world get a chance to explore an urban Japanese theme.

CryptoNinja Partners

CryptoNinja Partners (CNP) is a collection of 22,222 pieces of ninja-themed cartoon animals. The 20k collection includes four different animals, such as pandas, bears, ghosts and hawks, each with unique characteristics. In the five months since its inception, the average price of a CNP NFT has risen to $1,850 from $400. It is from NinjaDAO, one of the largest NFT communities in Japan with over 40,000 participants, and its popularity reflects the upcoming marketplace, a CNP Friends smartphone app, and cooperation with various regional governments in Japan.

OpenSea is the official sales portal for CryptoNinja and they have a current floor price of 1.40 ETH ($1,850). The NFT collection increased by 129% in the last week.

DeGod

DeGod, a collection of 10,000 Solana-based NFTs, gained popularity earlier this year when they bought a basketball team in actor Ice Cube’s BIG3 league for $625,000. It is now riding high on the weekly NFT sales charts and is poised to enter the top 10 collections.

It has become the latest collection to switch to a royalty-free model, aiming to protect itself from future legal action. The owner of NFTs usually determines the royalties during minting. Every time an NFT creation is sold on a marketplace, the original owner receives a percentage of the sale price. NFT royalty rates typically range from 5-10%. DeGod has decided to remove the royalty, citing the move as the right thing to do for the business. Popular Ethereum NFT collection CryptoPunks also has a zero percent royalty structure.

DeGod has racked up $1.3 million in sales in the past week on the Solana blockchain with a high floor price of 500 Solona ($15,000).

The Art Pass by Iconic Moments

Iconic Moments has brought The Art Pass to the world of NFTs, giving holders VIP access to limited, rare and never-before-seen digital art. The project works with 300 museums and cultural brands to put historical events, pop culture and art on the blockchain for
first time. The collection wants to provide membership and access to an art community in the real world with access to airdrops, tickets to cultural events and other collaborations.

Over $440ki sales volume and a floor price of 0.5 ETH ($650) are promising statistics for Art Pass’ first week of sales.

Investing in cryptocurrencies and other Initial Coin Offerings (ICOs) is highly risky and speculative, and this article is not a recommendation by Investopedia or the author to invest in cryptocurrencies or other ICOs. Because everyone’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author does not own the cryptocurrencies or NFTs mentioned above.