New NFT projects that you need to know about - Kara Chain

New NFT projects that you need to know about

Interest in the NFTs among different communities continues to rise, despite all the complexities and difficulties of the crypto market. Trends in blockchain-based NFTs and metaverses are developing rapidly, and daily we see the growing number of brands and celebrities who released their own NFTs. And if back in 2020 the main key of the NFT success was a beautiful artwork or celebrity fan base, in 2022 things shifted. High competition requires more value. So today, the most important criteria are based on such factors as NFT utility and storytelling, yet the rarity and artwork itself matter as well. According to some media estimates, today the NFT market capitalization is far beyond $41 billion, which means that the volume of investors and investments has also expanded.

Let’s look at what NFTs that can be called the hottest coin worth spending money on! 

#1 NBA Top Shot

Sports cards are a huge collecting subculture that has been around for decades. The transfer of this project to NFT means a completely new era in collecting. The benefits of this NFT project are that the moments from the cards are sold in packages, and not individually, and there can be about three moments in just one package. By the way, the cost of the most expensive NBA NFT reaches $1 million. And despite the high prices, the NBA Top Shot has enough NFT buyers and investors.

#2 ArtBlock

Since the launch of the NFT in 2014, many new NFT projects have worked according to one scheme. First they generate and mint their NFT, and only then sell and distribute it. The ArtBlock project decided to take a different path and create a platform where the buyer does not know what his final token will look like. The thing is that a special computer script was developed specifically for ArtBlock, and this blockchain script generates a whole ArtBlock collection. All this has fueled interest in the ArtBlock platform itself, and some NFT artworks made on this platform are sold at a cost of a million dollars.

#3 Mutant Ape Yacht Club

Surely, you have heard about the project Bored Ape Yacht Club, which captured all the celebrities and big brands? This project has two spinoffs: Mutant Ape Yacht Club and Bored Ape Kennel Club. The way these NFTs are created is very interesting: they are created through the so-called “mutant serum”, that makes the apes from the basic collection to be disfigured. This project is a very interesting way to enter the legendary Bored Ape Yacht Club.