There’s a lot of hype in the NFT projects right now. Surprisingly, Old NFT Projects are back in trend. They have been gaining traction for the past few months and are selling like hotcakes. The reason behind their fame is that collectors are rediscovering these historically significant NFT projects and find hidden treasures in them.
Individuals are looking back in time and looking at early projects that have historical relevance as a hedge against the exploding availability of new projects.
1. CryptoPunks
Larva Labs, a software business managed by American developers Matt Hall and John Watkinson, founded CryptoPunks in 2017. The intention behind creating punks was to utilize them in video games but was later introduced as NFTs.
In the project, there are 10,000 little 8-bit punks, each with their own personality. They are 24×24 pixel unique digital works of art created by an algorithm.
The most expensive CryptoPunk ever bought was CryptoPunk #7853 at $11.8 million by DraftKings on Sotheby’s. In the last 12 months, 13.047 punks are sold, in which the current lowest Punk is priced at $262,010.05.
The most recent CryptoPunk that was sold was CryptoPunk #8857 at $6.6 million.
2. EtherRock
EtherRock is a blockchain-based collection of 100 NFT photos of rocks. On December 25, 2017, the rocks were generated using a smart contract and distributed on the Ethereum blockchain. As per Etherscan, the first Ether Rock was sold for ETH 0.0999 ($289 or) in the same month.
These virtual rocks, according to the developers, have NO PURPOSE other than being able to be bought and sold. They only give us a high sense of accomplishment for owning one of the game’s only 100 rocks.
Only 20 more rocks were sold in the first three years of the project’s existence. This year, about 10 more were purchased.
On August 8, a single EtherRock sold for 45 ETH for about $135,240.
3. Mooncats
MoonCats was released on August 10th, 2017. Initially, the initiative allowed users to scan for cats using a method similar to Ether mining.
You do not need to pay any Eth to mine or rescue a MoonCat. All you need to do is pay the relevant gas fees. By just ding these you can own an NFT from the OLD Projects.
You can also give your moon cat a name that is 32 bytes long, or 8 to 32 characters long in UTF-8, depending on the characters you choose.
In the first year of the initiative, 3,365 kittens were “rescued,” but the rest were mined once a Twitter user re-discovered it on March 12th, 2021.
All of the surviving cats were saved within 3 hours after this tweet on March 12th, 2021, and a total of 1,862 Mooncats have been sold for an average of $2,700 each.
4. Curio.Cards
Curio.Cards is a collection of 30 different cards, each with a different significance, that was released in May of 2017. There are different sorts of cards to choose from, and not all cards have the same supplier or artist. It is the “Oldest known NFT art project on Ethereum.”
There are 29.7k Curio Cards in all, with an estimated 4000 lost or destroyed. All Curio Cards were made in 2017, and no more will be made in the future.
According to OpenSea. After Curio.Cards were uncovered, OpenSea acquired this title from CryptoPunks.
The project’s 3,508 assets sold for an average of $3,978 each. Curio Cards now have a floor price of 0.42 ETH and a quantity of 15,300 units, with 2,100 wallets holding them.
5. CryptoArte
CryptoArte was released on July 13th, 2018. CryptoArte’s NFTs are unique in nature and are the first generative art on Ethereum to be generated via the blockchain.
The artworks were created by mathematically altering information from the Ethereum blockchain that was made publicly available. Each painting includes a digital image with a size of 7,680 by 4,320 pixels (or 8K UHDTV resolution, also known as 4,320p), allowing for high-quality prints as well as perfect fit on monitors and TVs.
There are currently 9,895 one-of-a-kind, limited-edition paintings in the CryptoArte collection. Each piece of artwork is made up of 576 blocks. Each one of them represents one Ethereum block. The blocks are available in a range of colors and symbols that visually depict the events that led to their formation.
On July 13, 2018, the first ten NFTs were released.
6. Decentraland
This is the first project on the list to allow users to buy virtual land plots to use in a blockchain-based virtual world. In March of 2017, the concept of Decentraland was first written about.
Because of the platform’s growth, users can now use interactive apps, in-world payments, and peer-to-peer chat.
It was released about 1 year later in October of 2018 and allows its users to buy, develop and sell their land.
7. CryptoKitties
CryptoKittie’s first demo was released in October 2017 with the premise of breeding. Each cat has a unique “cattribute” that can be handed on to the next generation.
With 3.2 million smart contract transactions in October 2018, CryptoKitties was not as dormant as some of the other projects. It had some large six-figure purchases in 2017 and 2018.
CryptoKitties were developed on the ethereum blockchain, however, they will soon transit to Flow Blockchain.
Here you can read about the New NFT projects that are gaining huge attention.
Conclusion
Although the NFT market is heating up, sensible optimism and not risking more than you can afford to lose are both sound strategies.
It’s thrilling to dive into fresh project drops, but with 2,996 active projects on OpenSea.io and just over 57,000 active wallets, these Old NFT projects are worth revisiting since they have a history.
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