Review of 2021; Top NFT projects
The staggering rise in the price of bitcoins and bitcoins and the institutional investment in digital currencies is probably the most important event of 2021; But the market for unique tokens this year cannot be easily ignored. A market that suddenly attracted a lot of attention and made a lot of noise.
2021 can be considered a strange year for the NFT field, where experts will probably talk a lot later about what happened this year and the trends that took place. This year, the most expensive work of art in NFT history sold for $ 69.3 million. Cryptocurrencies, perhaps less valued in recent years, have now become worth millions of dollars.
In the meantime, the volume of NFT-related searches on Google has surpassed Atrium, Dodge Quinn and Blockchain to its highest level in history, indicating that interest in unparalleled tokens has grown to an all-time high. On the other hand, the volume of transactions of unparalleled tokens also skyrocketed this year. While the market value of this area was about $ 210 million in 2019 and about $ 315 million in 2020, in August 2021 alone, more than $ 2 billion was traded in this area and the market value It reached nearly $ 5 billion by the end of the year. In 2021, NFTs made their way to the mainstream media for the first time in their short history, and there was much debate about their value.
Unparalleled tokens like mushrooms are now on the rise, and many well-known companies have begun experimenting with them. In this report, we intend to review the best NFT projects of 2021 under the pretext of the last days of 2021. Join us.
Axie Infinity
Axie Infinity is a Chinese blockchain game based on unique tokens based on the new Play-to-Earn model. The game quickly became popular with users in 2021 to become one of the best NFT projects of the year. Launched in 2018 (1397), Oxy Infiniti had less than 500 daily active players until last year; But now with half a million daily active users, it has become one of the most popular games in the world. Sky Mavis, the Vietnamese company that developed the game, recently raised $ 152 million from venture capital firm Andreessen Horowitz, bringing its value to $ 3 billion and is one of the game’s unicorns.
Oxy Infiniti can be considered the Chinese block version of the famous Pokémon Go game. At Oxy Infinity, players collect creatures called Axie, nurture them, and fight them. These creatures are in NFT format and players can buy and sell them and earn money this way.
Some active players in this game earn thousands of dollars a month. 40% of the players in this game are Filipinos. Where low wages and quarantines due to the outbreak of coronavirus have led many people to flock to the game to earn money. SkyMaves reports that 25% of its players have never used banking before, and their Oxy wallet is the first financial service they have access to.
The game’s dedicated token, known by the AXS symbol in the market, has increased in price by more than 19,000 percent over the past year, and is currently ranked 30th in the list of top digital currencies in terms of market value. The token hit a record high of $ 165 on November 6 and has since undergone a price correction and is now trading at $ 110.
CryptoPunks
Cryptopunx is a collection of 10,000 unique digital characters created in 2017 by Matt Hall and John Watkinson at Larva Labs. In the early months after its launch, a small community of digital currency activists became interested in cryptocurrencies; But with the growth of unique tokens in 2021, many celebrities, investors and business leaders became interested in these digital characters, and this led to a huge increase in their prices. On August 28, 2021, sales of cryptocurrencies crossed the $ 1 billion mark, making it the second NFT project to achieve such a record after Oxyinfinity.
Cryptocurrencies may have little value or use outside of the collectibles market; But they laid the groundwork for the NFT market and changed the way people own and transfer digital assets. The creation of these digital characters helped develop the ERC-721 standard for non-unique tokens and formed the basis of the current NFT market.
The cryptocurrency development team owns the first 1,000 punks, called Dev Punks, which are usually of high value and are occasionally sold at exorbitant prices in the market. The remaining 9,000 punks are owned by people from all over the world, some of whom are now millionaires.
There are basically five categories of cryptocurrencies that include male, female, spaceman, zombie, and monkey characters. Their value lies in the rarity and uniqueness of their features. For example, there are a total of 9 punks in space. They are at the top of the list of most expensive punks. There are also 6,039 male punks and 3,840 female punks who are less valuable because of their frequency. However, among human punks, Punk 8888 is the only punk in the top 10 punks that sold for $ 88.8 million in August for $ 888.
Board Yat Club (Bored Ape Yacht Club)
One of the most famous projects inspired by the success of the Cryptopunx project was the IPAT Club board, also known as BAYC for short. It can be said that Board App currently has one of the hottest markets among NFT suites. The project consists of 10,000 monkey characters, each with a unique color, face shape and costume.
The NFT suite was introduced as a team of four anonymous developers in late April (early May). It took just 12 hours for 10,000 NFTs to sell for about $ 190 and then be traded in the marketplace and among users. The price of this NFT series had an upward trend from April to July and peaked in August.
The lowest price recorded for one of these NFTs was $ 128,990 on October 13, 2021 (October 21, 1400). The NFT series caught the attention of Christie’s auction house, with 101 NFTs auctioned for $ 24.4 million in September.
The board, or monkey, has quickly become the focus of Twitter and Facebook users, and users who own one of these NFTs have chosen the image as their avatar. Following this issue, Facebook announced that it will soon check the validity of the ownership of these avatars. NBA star Stephen Curry, star of rapper Post Malone, and American host and comedian Jimmy Fallon are among the NFT fans.
NBA TOP SHOT
Another NFT project that attracted the attention of many users, especially basketball enthusiasts, in 2021 was Top Shot Prophecy, a blockchain-based platform that allows users to capture highlights of basketball league highlights. Buy and Sell the NBA. It can be said that Top Shot Prophecy is a modern version of NFT-based sports game cards that many of us have experienced playing or buying and selling as children.
Top Shot Prophecy is a collaboration between the American National Basketball Association and the Canadian company Dapper Labs. In this collaboration, the National Basketball Association selects special and prominent moments from the games, and then the Deepleabs decides how many of these special moments to produce in token form. They put each video in a digital package and put it up for sale on the official website of the Top Shot Prophets project. The price of each NFT depends on the quality of the moment, the basketball star in the video, and its uniqueness.
For example, a video of Lebron James, the star of the Los Angeles Lakers, sold for $ 387,600.
The TopShots platform has grossed more than $ 230 million since its inception and is valued at more than $ 750 million.
The Sandbox
Like Oxy Infiniti, Sandbox is a blockchain-based game model for monetization. The game combines China blockchain technology, Difai and NFT in a three-dimensional meta-switch. This digital world allows players to create a virtual world using unique tokens on the Atrium blockchain. Players can create digital assets with the free tools at their disposal and sell them as NFTs.
SAND token is a dedicated tobox sandbox token that is used in all interactions and transactions of this game. The SAND token can be obtained through a sandbox contest or purchased from digital currency exchanges.
Sandbox was launched by Pixowl in 2011 (90) and was originally intended as a mobile game designed to compete with Minecraft. This game was very well received by users and was downloaded more than 40 million times. But in 2018, Arthur Madrid and Sebastien Borget, the game’s founders, decided to explore the possibility of creating a three-dimensional meta-transformation on the Chinese block.
The new Sandbox project was released in 2020. It quickly gained users’ attention, and its proprietary token, SAND, also experienced a staggering price increase. The SAND token is currently ranked 34th on the list of top digital currencies with a market value of over $ 5 billion.
Conclusion
2021 was a dream year for NFTs. Many people around the world are new to this topic, and many NFT experts see it as the next step in the global economic model that digital currencies are shaping. On the other hand, NFTs have many critics who consider this phenomenon as a temporary and temporary madness and say that the bubble will sooner or later be emptied.
However, given the boom in the Metawares concept in the final months of 2021, as well as the attention of big giants such as Facebook and Microsoft to the field, and the virtual worlds’ close relationship with NFTs, unprecedented tokens seem to have a lot to say in 2022. And this concept can establish its place in the digital economy.